Cashback Remortgages · Landlords buying a property
Buy-to-let purchase mortgages
Cashback Remortgages is an FCA-regulated, whole-of-market mortgage broker arranging buy-to-let purchase mortgages for clients across the UK, by phone, video or in person at our Uxbridge office (by appointment). Buying a rental property involves different lending tests from buying a home, so plan the deposit and rent figures first.
Who it's for
First-time landlords, accidental landlords buying again, and portfolio landlords adding a property in their own name. For purchases through a company, see limited company buy-to-let.
How we help
We check how lenders will test the expected rent against a stressed interest rate, what deposit you need (often 25% or more) and whether your experience and income meet each lender's criteria.
We also flag property types that limit lender choice, such as flats above shops, HMOs or holiday lets.
The process and timeline
- Agree your budget, deposit and target rent.
- Agreement in principle once you've found a property.
- Full application, valuation and rental assessment.
- Offer, then legal work and completion (often six to ten weeks).
Documents you'll need
Requirements vary by lender and circumstances, but expect to provide:
- Proof of deposit and its source.
- Income evidence (many lenders set a minimum personal income).
- Expected rent, often confirmed by the lender's valuer.
- Details of any existing rental properties.
- Photo ID and proof of address.
Fees
We don't charge a broker fee for mortgage advice. Lenders pay us a procuration fee when your mortgage completes. Lender product fees, valuation and legal costs, and any early repayment charge on an existing mortgage, may still apply. We set out every cost before you proceed.
Does cashback apply?
Cashback may be available on eligible cases once your mortgage completes. The amount depends on the type of mortgage and the loan size, and we confirm it and the conditions in writing before you proceed. Cashback is subject to eligibility and conditions.
Guides and calculators
Read more before you speak to us, or use a calculator to explore the numbers.
Your questions, answered
How much deposit do I need for a buy-to-let?
Usually at least 25% of the price, although some lenders accept less and better rates often need more. It depends on the lender and property.
How is the rent assessed?
Lenders usually need the rent to cover the mortgage interest by a set margin at a stressed rate. Our rental cover calculator shows the idea.
Is a buy-to-let mortgage regulated?
Most buy-to-let mortgages are not regulated by the FCA. Letting to a close family member can be regulated.
Can I buy as a first-time landlord?
Yes, with many lenders, although some require you to own your own home first.
Do you charge a fee for this?
No. Our mortgage advice is free. Lenders pay us a procuration fee on completion. Lender, valuation and legal costs may still apply, and we explain them before you proceed.
Can you help wherever I live in the UK?
Yes. We advise clients in England, Scotland, Wales and Northern Ireland by phone and video. Office visits in Uxbridge are by appointment.
Sources and further reading
Published by Cashback Remortgages, a UK mortgage broker for all types of mortgages.
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.