We're very interested in Buy To Let. What's the best way to get started?

Posted on 14 April 2013 by Deborah

We're very interested in Buy To Let. What's the best way to get started?

I am married and own my own home. My husband is not on the mortgage and has never owned a property. We are interested in Buy to Let. Would he be a first time buyer? We do have a 20% deposit. What's the best way to make the most of this opportunity.


Unfortunately there are a couple of issues here. The first is that a lot of lenders won't look at doing a Buy To Let for any borrower who is a First Time buyer, which they would classify your husband as. The second is that most of them cap Buy To Let borrowing at 75%. There are a few who will go to 80%LTV and even slightly higher, however they are usually on a repayment basis, rather than the traditional interest only that most Buy To Let mortgages are arranged on.

Having said that as an Independent, whole of market broker, we do have access to those lenders who manually underwrite applications, and can therefore judge each one on its individual merits.

If you'd like to have an initial discussion with one of our consultants, to see what your options are, then please let me know and I'll arrange a convenient time for one to contact you.




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Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

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