Buy to Let Mortgage with Low Deposit

With the buy to let mortgage market coming out of a difficult period when at the height of the credit crunch many lenders withdrew from the market, we are now seeing an increased appetite for lending with higher loan to values being offered. Lower deposits makes it easier for first time buyers to come into the into the buy to let market market. Below are a selection of buy to let mortgage deals - just fill in the form to see buy to let mortgage offers tailored to your circumstances:


About you
Your income
Partner income
Income = £45,000
This calculates your maximum loan
Your property
Property value
Your deposit
Borrow = £150,000
Your loan to value (LTV) = 88%
Your mortgage
Mortgage Type
Payment Method
Payment Term
LenderInitial RateRate TypeInitial Monthly
Payment
Cost For
Comparison
Max LTVTotal FeesEnquire
Post Office3.48%Fixed
May-2016
£756.80
4.5%
90%£1765
Post Office3.59%Fixed
May-2016
£763.23
4.5%
90%£1265
Post Office3.94%Fixed
May-2017
£792.02
4.5%
90%£1265
Post Office3.98%Fixed
May-2016
£790.11
4.5%
90%£270
Nottingham Building Society3.99%Fixed
May-2016
£795.15
6%
90%£999
Post Office4.25%Fixed
May-2016
£812.61
4.5%
90%£270
Royal Bank Of Scotland4.29%Fixed
Jul-2016
£815.98
4.3%
90%£1162
Natwest4.29%Fixed
Jul-2016
£815.98
4.2%
90%£995
Post Office4.29%Fixed
May-2019
£824.11
4.6%
90%£1765
Post Office4.35%Fixed
May-2017
£821.03
4.6%
90%£270
123

Buy to let mortgages are offered by many lenders, who have different lending criteria.  Getting a dal with a low deposit can be challenging - currently most lenders require at leaset a 25% deposit although some will consider up to 15% but will have strict criteria for making money available att his level.

Here is a list of things that you might wish to consider while looking for a buy to let mortgage deal which requires a relatively low deposit:

  • Whether you want a fixed rate or tracker mortgage
  • The property’s location and features
  • How much income you would be able to generate from renting the property to tenants
  • Other expenses you will have, such as agency fees, insurance, maintenance of the property, and so on

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker