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In some ways, they're just like residential mortgages. You'll need to pay a percentage of the price as an upfront deposit in order to secure the best mortgage deal available. As your deposit increases, mortgage deals then become more competitive.

Your credit history may also influence the deals offered to you. The amount borrowed also depends on the anticipated rental income. So lots to consider, hence why it’s important to seek help in finding the best solution for you.

For more information check out our article How Do Buy To Let Mortgages Work?

Limited company buy to let mortgages allow business owners to purchase residential investment properties through a limited company rather than as an individual. By establishing a limited company, you can potentially benefit from tax advantages and protect your personal assets.

For a full rundown on the pros and cons of such mortgages, check out our article Is Limited Company Buy To Let Right For Me?

Typically, you'll need a bigger deposit than a residential mortgage deal. Deposits are usually around 25% of the property’s value but some lenders may ask for as much as 40%. Lenders generally rely on the rental income to determine the amount of deposit required.

A larger deposit is required because lenders see this sort of investment as a bigger risk. Requesting a larger sum in advance is regarded by banks and building societies as a way to protect themselves against any payment defaults.

Usually, these issues stem from problems with collecting rent from tenants. As with residential mortgages, a larger deposit will generally result in a better deal being offered to you.

You can find more information on buy to let mortgage deposits and much more HERE.

No, not all mortgage brokers charge fees.

As a mortgage broker, we take our fee directly from the lender, so in most cases you don't have to worry about paying any additional fees for our assistance. We are committed to helping you find the best mortgage deal without adding any financial burden. Our goal is to make the mortgage process as transparent and cost-effective as possible for our clients.

Check out our article Do All Mortgage Brokers Charge Fees? for a complete rundown on broker fees and what to look out for.

At Beechwood, we always provide a free consultation and promptly disclose any potential charges for our services. We now offer complimentary support to the majority of our customers, terms and conditions apply.

This is important as many mortgage brokers will charge for their services, which could be upfront or due upon completion—or sometimes both. Therefore, it's crucial to compare options.

Check our Fees page for a full rundown on broker fees. You can also visit our page Do All Mortgage Brokers Charge Fees? for further information.

Switching a residential mortgage to buy-to-let will require consent from your lender. If your lender refuses to give this consent, you should investigate the option of re-mortgaging with a different bank or building society. Leaving a mortgage deal before the end of the agreed term can also lead to early repayment charges. There are also higher fees and potentially higher interest rates on such deals.

If you are moving home but would like to keep your current home, you may find our article Let to Buy Mortgages, Move Without Selling Your Home Explained.

In the majority of cases, buy-to-let mortgages are not regulated by the Financial Conduct Authority (FCA) or the Financial Services Compensation Scheme (FSCS).

These deals are viewed as business transactions by regulatory bodies. As the investor will not be living in the property the FCA and FSCS are not responsible for their regulation. Residential mortgages are covered by these two organisations.

However, there are exceptions to this rule. If a landlord wants to rent their property to a close family member or relative these are covered by the FCA and FSCS. Any advice, arranging or lending in these scenarios are administered in the same way as residential mortgages.

Click HERE for more information on the FSCS .