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Buy to let mortgages

Buying properties to rent out can be a great way to build and maintain wealth. At Option Finance, we offer tailored buy-to-let mortgage solutions to help you achieve your investment goals.

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Start your buy-to-let journey

  • Find out how much you could borrow
  • Get advice on available deals
  • Speak to an experienced broker
  • Get a Decision in Principle
Find a mortgage

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Get the best buy-to-let mortgage deal available

Our advisors have extensive knowledge of the buy-to-let market, helping you navigate the complexities of property investment with ease. We put your investment needs first, offering transparent advice and a personalised service to ensure you get the best deal for you.

Find a mortgage

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We’ve helped hundreds get great mortgage deals.

Over the years, Option Finance has helped countless people, just like you, get great mortgage deals. As a specialist mortgage brokerage, we match lenders to our clients based on their personal circumstances. Our job is to make the process as smooth as possible and find the best mortgage and insurance deal available for you.

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Get a great deal in 3 simple steps

Let’s get you started in finding a great mortgage deal.

1. Enter some details

Use our online form to tell us a little bit about yourself, the kind of property you want and your current financial situation.

2. Discover your options

Discover what mortgage deals are currently available to you from a buy-to-let perspective. We can advise you on your best options here.

3. We’ll do the rest

Our team will guide you through the process of getting the best deal and make your buy-to-let experience a good one.

Frequently asked questions

All of the most common buy-to-let mortgage questions, answered by our expert team of mortgage brokers.

What deposit is required for a buy-to-let mortgage?

Most lenders require a deposit of at least 25% of the property’s value, though some may ask for more depending on the lender and the property.

How is affordability assessed for buy-to-let mortgages?

Lenders primarily consider the expected rental income from the property. Generally, they expect the rental income to cover 125-145% of the mortgage repayments. Personal income may also be considered, particularly if the rental income is marginal.

Can I get a buy-to-let mortgage if I'm self employed?

Yes, self-employed individuals can obtain buy-to-let mortgages. Lenders will typically require proof of income, such as tax returns and financial statements, to assess affordability.

Can I live in the property with a buy-to-let mortgage?

No, buy-to-let mortgages are specifically for properties that will be rented out to tenants. If you intend to live in the property, you will need a residential mortgage.

Can I switch from a residential mortgage to buy-to-let?

Yes, if your circumstances change and you decide to rent out your property, you can switch from a residential mortgage to a buy-to-let mortgage. You will need to inform your lender and potentially pay a fee for the switch.

What costs are associated with buy-to-let mortgages?

Fees can include arrangement fees, valuation fees, legal fees, and broker fees. Some lenders may offer deals with reduced fees, but it’s important to consider the overall cost.

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Important information

You may have to pay an early repayment charge to your existing lender if you remortgage. Your savings will depend on personal circumstances. Your home may be repossessed if you do not keep up repayments on your mortgage. Option Finance Ltd is an Appointed Representative of Finance Advice Group Ltd, which is authorised and regulated by the Financial Conduct Authority under number 788478 in respect of mortgage, insurance and consumer credit mediation activities only.

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