Buy to Let

Buy to Let Mortgages

Fish4Mortgage is located in Weston-super-Mare, Somerset & is the area’s leading Mortgage Broker with over 25 years of knowledge in the field. We specialise in many areas including re-mortgages, first time buyers, commercial mortgages, general insurance & secured loans. Explore our website to find out more information & also go ahead & use our Mortgage Calculator to see what deals are available to you.

What is a buy to let mortgage?

Buy to let mortgages are for landlords who buy property to rent it out. The rules around buy to let mortgages are similar to those around regular mortgages, but there are some key differences.

How Buy to Let Mortgages Work

Buy-to-let mortgages are a lot like ordinary mortgages, but with some key differences:

  • The fees tend to be much higher.
  • Interest rates on buy-to-let mortgages are usually higher.
  • The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value (although it can vary between 20-40%).
  • Most Buy to Let mortgages are interest-only. This means you don’t pay anything each month, but at the end of the mortgage term, you repay the capital in full.
  • Most Buy to Let mortgage lending is not regulated by the Financial Conduct Authority (FCA).  There are exceptions, for example, if you wish to let the property to a close family member (e.g. spouse, civil partner, child, grandparent, parent or sibling). These are often referred to as a consumer buy to let mortgages and are assessed according to the same strict affordability rules as a residential mortgage.

What our clients say

“I wanted to move but with no pension I wanted to keep my existing property and let it out the mortgage shop re-financed my existing property which gave me a deposit for my new property and allowed me to let out my existing property. Keeping my existing property has meant that I have been able to take advantage of the property market as I had no chain behind me and could move quickly. The mortgage shop advised me and kept me up to date every step of the way I cannot recommend them more highly.”

Mrs L from Somerset

Can I get a Buy to Let mortgage?

You can get a buy to let mortgage if:

  • you want to invest in houses or flats
  • you can afford to take a risk: investing in property is risky, so you shouldn’t take out a buy to let mortgage if you can’t afford to take the risk.
  • you already own your own home, whether outright or with an outstanding mortgage, you’ll struggle to get a buy to let mortgage
  • you have a good credit record: and aren’t stretched too much on your other borrowings. E.g your existing mortgage and credit cards
  • At Fish4Mortgage we have lenders that will give you a Buy to Let mortgage even if you earn a minimal income, speak to one of our team today and see if your income can affect you eligibility when it comes to getting a Buy to Let mortgage.
  • you’re under a certain age: lenders have upper age limits, typically between 70 or 75. This is the oldest you can be when the mortgage ends not when it starts. For example, if you’re 45 when you take out a 25-year mortgage it will finish when you’re 70.

How much can you borrow for a Buy to Let mortgage?

The maximum you can borrow is linked to the amount of rental income you expect to receive.

Lenders typically need the rental income to be 200–300% higher than your mortgage payment.

To find out what your rent might be, talk to local letting agents, or check the local press and online to find out how much similar properties are rented for.

Find out how much properties are being rented for in your area on the Rightmove website.

We are in no way affiliated with any other bank or financial organisation and offer a whole of market solution to meet your requirements. Your initial meeting will be completely free of charge and you will be under no obligation, for more information contact us.

*Buy to Let mortgages are not regulated by the Financial Conduct Authority.

So for the most competitive mortgages on the market telephone us now on

01934 519 111 or freephone 0800 567 7482

or fill out the form below & one of our qualified advisers will call you back shortly.

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We would highly recommend Fish4Mortgage, in particular Brian, who went above and beyond to answer all our queries and obtain what we were hoping to achieve. Always on hand to reassure and give advice in a very professional but friendly manner, making the whole process relatively stressfree. Can't thank him enough, and will definitely deal with them again in the near future.
Julie Wingrove
Julie Wingrove
2018-07-04T16:14:03+0000
This should have been posted about two weeks ago but I’m a scatter brain!!Me and my partner Ollie were trying to buy our first home. Everywhere we went told us we were in over our heads, that we’d never have our dream home and to “aim lower” but not at the mortgage shop!!!! Tim went above and beyond to help us and supported us every step of the way! He keeps everything light hearted and he will talk to you in a way that makes it easy to understand (he doesn’t blur you with figures and terms ) Truly the nicest man and the best service! If it wasn’t for everyone at the mortgage shop we wouldn’t have our own home! We are just about to move into our home as a family and settle in and it’s all thanks to Tim.EVERYONE should be using Fish4Mortgage and if you’re not? You’re crazy!
Jordan Paige Kenny
Jordan Paige Kenny
2018-05-18T21:36:43+0000
Good evening Tim,Thank you very much for all of your help. You have been very professional and helpful at all times. When I first started the remortgage process, I had very little knowledge and understanding of what needed to be done. Every question that I asked was returned with a very quick and easy to digest response, which has made this a very smooth process for me. I look forward to working with you and your company again in the future and would have no hesitation in recommending you again.
Andrew Woodley
Andrew Woodley
2018-04-26T12:05:11+0000
We experienced an efficient and stress free process and our mortgage application was completed within 4 weeksThank you Brian for a great service.
Fiona Macinnes
Fiona Macinnes
2018-03-03T20:06:01+0000
From start to finish Tim was amazing, couldn’t do enough for us, helped us every step of the way selling our old house & buying our new one. Tim kept in contact all the way through & went above & beyond to ensure our move went through as smoothly as possible. Highly recommended !!!
Mark Bailey
Mark Bailey
2018-01-02T21:14:31+0000
A big thank you to Tim and the team didn’t think we would be where we are today but we are and I love our home so thank u very much couldn’t of done it without ur help �
Annmarie Muldoon
Annmarie Muldoon
2017-11-11T11:56:51+0000
We were looking to by our first house and went in completely blind. Everybody at fish4mortage were brilliant. But a special thanks to Tim. From start to finish everything ran so smoothly. Any issues or queries we had he was always ready on the other end of the phone and kept in contact religiously every step of the way. Highly reccomened to everybody!! 5*
Michael Woodward
Michael Woodward
2017-08-19T08:19:45+0000
My mum tried for a mortgage 7 years ago, however debts from a business made her lose the mortgage that they agreed. She then tried other places but was refused by mortgage companies. She then tried again recently, going to different mortgage brokers and banks, one person quoting 'he would eat his hat if she was given a mortgage.' 🤔😕 She then gave up and thought she would have to sell her house, to pay her ex husband out. Luckily she was recommended Fish4Mortgage, and they were the only ones to get her a mortgage. Bearing in mind she is a foster carer and had massive debts, normally they would not entertain this criteria. They were amazing and worked above and beyond on her behalf and now she can proudly say she has kept her house thanks to them. Cannot recommend enough! Needless to say... She hopes the previous man has a sumbero.Thanks to Claire and all the team, you were amazing!
Khalid Barmaki
Khalid Barmaki
2017-05-06T10:39:12+0000
For first time buyers it can be very scary, but they made sure we had the best mortgage possible and was always there for advice, would highly recommend.
Nikki Curtis
Nikki Curtis
2016-02-17T15:44:35+0000
Brian Frost
Brian Frost
2016-02-17T09:29:19+0000
For a first time buyer like myself mortgages seem daunting and complicated, however the team at fish4mortgages made it simple and stress free as well as saving me money. Couldn't recommend them enough.
Patrick Berryman
Patrick Berryman
2016-02-16T22:10:41+0000
Highly professional and very helpful ! Would recommend to anyone looking for help with mortgages !
Lizi Macbeth
Lizi Macbeth
2016-02-16T22:09:21+0000
Really friendly service !! Would highly recommend the team 🙂
Emma Fox
Emma Fox
2016-02-16T17:20:28+0000
Brian was really helpful to myself and my husband when we were trying to find a mortgage that was best suited to us. Brian is extremely knowledgeable and pointed us in all the right directions :)! We were able to relax knowing all was under control with the mortgage as it was one less thing to stress about when moving house! Definitely recommend these guys!!
Kyle Chloe
Kyle Chloe
2016-02-16T16:44:59+0000

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