Buy-to-Let mortgages
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Bridging and development finance experts
BTL and commercial mortgages
30 years' experience in banking and finance
Access to 150+ lenders
What are BTL / HMO mortgages?
How does a buy-to-let mortgage work?
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Buy-to-Let (BTL) mortgages are for landlords who already own (or plan to buy) residential properties to rent out on.
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There are different products for single-let, HMO, Serviced Accommodation (SA), Holiday Lets, etc.
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Maximum Loan-to-Value (LTV) is usually 75%, though 80% products are also available.
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Commercial or investment-yield valuations are available for HMOs with 5+ rooms. A commercial valuation can be much higher than a 'brick and mortar' valuation, enabling investors to extract far more equity from a property.
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BTL mortgages are available for properties owned in your personal name, or in a limited company.
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Clear Idea uses powerful mortgage sourcing software, to ensure you can choose the best product from across the market.
Featured case study: Construction
We were contacted by a construction business needing £60,000 for tools, materials and to pay contractors for a new job they were due to start in just 3 weeks’ time.
The client needed to keep repayments low until they had completed the job and could invoice the client for the final balance. Initially, we were only able to obtain a 12-month term approval but after negotiating, we were able to get the client a 5-year unsecured loan at a rate of 9% per annum, within just 4 days.
