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Buy-to-let

Buy to let mortgage broker for landlords and investors

I need a buy-to-let mortgage that fits the rent, property, deposit and ownership structure. Vortex maps the rental stress test and compares suitable personal, limited-company, portfolio and HMO routes before I decide whether to apply.

£75k–£2m per unitUp to 65–75% LTVPersonal or Ltd Coa whole-of-market panel of lenders
My finance request

Compare buy-to-let mortgages for my property

Share the property or site, finance required, purpose, deadline and exit. Vortex will review the case and compare suitable routes before I decide whether to apply.

Get a free buy-to-let mortgage quote

Share the core deal details for a broker review and a category-specific finance comparison.

Your details are used to assess provider fit and respond to this enquiry.

You want a buy-to-let mortgage that actually completes, at a rate that works, in a structure that doesn’t cost you in tax later. Lenders underwrite it mainly on the rent the property earns, not your salary; most products are interest-only, with maximum LTV at 65% to 75%.

We are a broker, not a lender. As your BTL broker we compare suitable lenders rather than push one product, mapping your interest cover ratio (ICR) before submission. There is no fee to enquire, and our fee model is confirmed upfront before any application, disclosed in writing before you commit. The lender controls credit checks, valuation, underwriting and approval.

Key facts

  • 4.5–6.5% p.a. indicative; fixed, tracker and discount options
  • Up to 65–75% LTV; ICR stress typically 125% (basic-rate/company) to 145% (higher-rate)
  • Personal name or limited-company SPV, subject to lender criteria and tax advice
ScenarioIndicative rateLTV
Standard BTL4.5–6.0% p.a.75%
HMO / multi-unit5.0–6.5% p.a.70–75%
Portfolio landlord4.8–6.5% p.a.70%

Cost calculator

Loan amount£500,000
Monthly interest£3,750
Total interest over term£33,750
All rates indicative; the lender confirms the final terms on application based on the borrower, property, LTV and exit.
The basics

How a buy-to-let mortgage works

A buy-to-let mortgage funds a property you let to tenants, not a home you live in. Unlike a residential mortgage, the lender underwrites it mainly on rental income, not your salary. Most products are an interest-only mortgage rather than a repayment mortgage, keeping the monthly mortgage payments lower. Getting a mortgage on a rental differs from buying a home.

You can hold it in your own name or through a limited company. Maximum loan-to-value sits at 65% to 75%, so the deposit for a buy-to-let mortgage runs 25% to 35%. Buy to let mortgage interest rates sit a little above a residential mortgage, indicatively 4.5% to 6.5% a year, because the lender prices in tenant and void risk. Every figure is indicative; the lender confirms on application.

What the rent has to do

How much you can borrow and the BTL stress test

Borrowing on a BTL mortgage is driven by rental income, not the property value. When you buy a property to let, lenders run an interest cover ratio (ICR) stress test that checks the rent covers the mortgage payment, at a stressed interest rate, before they agree a loan size on the buy to let mortgage.

The standard test asks for rental income to cover 125% of the interest at a notional stress rate around 5.5%, for basic-rate and company borrowers; higher-rate taxpayers are stressed at 145%. On a £187,500 loan stressed at 5.5%, the lender wants rent of at least £1,074 a month to clear 125% ICR. If the rent falls short, a larger deposit or a company structure brings the numbers into line. We map your ICR before submission with a buy to let mortgage calculator, so you know what passes before any hard search.

Tax as much as finance

Personal name or limited company buy-to-let

This is the question most landlords get stuck on, and it is a tax question as much as a finance one.

A buy-to-let mortgage held in personal name is taxed on rental profit at your income tax rate, and mortgage interest relief is restricted to a basic-rate tax credit. Through a special purpose vehicle (SPV) the company pays corporation tax and can usually deduct interest as a business cost. The right answer depends on your tax position and how many rental properties you hold, which is why many landlords now run a btl mortgage through limited companies.

We arrange both structures and place limited companies and SPV cases with lenders who specialise in them. We do not guess the tax answer; seek professional tax advice first.

Pick the right shape

Compare buy to let mortgage rates and product types

The types of buy to let products come in a few shapes. Each type of buy-to-let mortgage balances the mortgage rate, fees, early repayment conditions and how long you fix.

  • Tracker mortgage. A tracker moves with the Bank of England base rate, so the interest rate and payment can rise or fall with fluctuations in interest rates.
  • Fixed rate. A fixed interest rate locks the payment for an agreed rate period, which can protect cashflow and affect the lender’s stress test.
  • Discount. A discount sits below a lender’s standard variable rate for a set term, then reverts at the end of the mortgage term.

BTL mortgage rates depend on LTV, credit profile, rental coverage, property type and fees. We compare buy-to-let rates and the full mortgage product before showing you a shortlist for any mortgage application.

Recycle your equity

Buy to let remortgage and releasing equity

You do not have to be buying to use a BTL mortgage. Many landlords remortgage to release equity from buy to let properties that have grown in value, then recycle that cash to purchase a buy to let next.

On a refinance the lender lends against existing equity, so you may not need fresh cash if the value is there. The same ICR stress test applies, run through our buy to let calculator. If you already let a former home, the same logic applies once the lender moves you from a consent to let arrangement onto a proper buy-to-let mortgage.

If your plan is buy, refurbish, refinance, rent (BRRR), the refinance is the exit: you buy with short-term refurbishment finance, add value, then refinance at the higher post-works value and pull most of your cash back out. We stress-test that exit before you commit.

Open market beats one bank

Why use a mortgage broker, not a single lender

Going direct to one mortgage lender gets you one decision. Different lenders weigh rental coverage, stress rates, property type and tax structure differently, so a decline from one helps identify which lenders to skip and which to target. That is the case for using an independent mortgage broker and comparing mortgage options across the buy to let market.

As a buy to let broker and buy to let mortgage specialist, we compare lenders that offer buy to let mortgages and package personal, company SPV, HMO and portfolio cases for underwriting. A specialist mortgage may fit where a standard rental product does not. We explain the proposed route, fees and credit-check stage before you choose whether to make an application.

This is general information. A qualified mortgage adviser confirms the regulatory position and gives formal mortgage advice where required.

From enquiry to drawdown

The buy-to-let mortgage process, step by step

To apply for a buy-to-let mortgage, start with the property, rough value, loan size and expected rent. We map the ICR and shortlist lenders before requesting the documents needed for the route.

Applying for a mortgage then requires ID, proof of deposit, recent statements, an asset and liability statement, and rental valuation. The lender assesses the buy-to-let mortgage application, instructs a valuation, underwrites and decides whether to issue a mortgage offer and mortgage agreement. Legals run alongside, with timing dependent on the lender, valuation, title and document pack. We also show how repayments on a mortgage compare with the rent and other property costs.

Straight answers

Common buy-to-let worries, answered straight

Are BTL mortgages more expensive than residential? +
Usually a little. The BTL rate prices in tenant and void risk, so it sits slightly above residential. The offset is that the rent services the loan, and the interest is a deductible cost in a company. We compare the whole panel so you pay for the structure, not a headline.
What if my rental income fails the stress test? +
We map the ICR before you apply, so a fail surfaces on paper, not after a hard search. The fix is usually a larger deposit, a lower-rate or fixed product, or a company structure assessed at 125% rather than 145%.
I have been turned down before. +
Knowing who declined you, and why, is useful, not a barrier. A decline tells your broker which lenders to avoid and which to target, and we match you to one that fits.
Common scenarios

When a buy-to-let mortgage fits

Buying a rental

Single units, personal or company name.

Releasing equity

Refinance against existing value to fund the next buy.

Restructuring into an SPV

Move a portfolio into a limited company.

Portfolio landlords (4+)

Scale without breaching covenants.

The BRRR strategy

Buy, refurbish, refinance, rent, recycling cash.

HMO & multi-unit

Higher-yielding lets, specialist lenders.

FAQ

Buy to let mortgage lenders and eligibility questions

Am I eligible for a buy-to-let mortgage and how much can I borrow? +
Borrowing is driven by rental income, not your salary. Lenders require rent to cover 125% of the interest at a notional rate around 5.5% for basic-rate and company borrowers, 145% for higher-rate taxpayers. Maximum LTV is 65% to 75%, so plan a deposit of 25% to 35%.
Are buy to let mortgages regulated? +
Most buy to let lending is unregulated business activity, not a regulated mortgage contract, because the property is an investment let to tenants. The exception is letting to a close family member, which falls under FCA rules; a qualified adviser handles any regulated buy-to-let.
I am a portfolio landlord. Can you help me scale? +
Yes. With four or more mortgaged buy-to-let properties you are a portfolio landlord, and lenders underwrite the whole portfolio of rental properties, looking at aggregate LTV, geographic spread, and stress coverage. Many such landlords hold through limited companies; we help you restructure into one, refinance cross-charged debt, and fund the next purchase without breaching covenants.
When is my credit checked? +
The lender decides which checks it needs. We explain the route and obtain your consent before an application is submitted, so you know when a lender may run a credit search.
Can I get a buy-to-let mortgage without a broker? +
You can apply direct to one lender, but you only see that lender’s view and one decision. A whole-of-market broker compares the open market and packages a file the underwriter trusts, which matters most on company, HMO and portfolio deals.

Get a free buy-to-let mortgage quote

Tell us the property, rough value, loan size, expected rent and ownership structure. We will map the stress test, compare suitable lenders and show you the routes before you decide whether to apply.