Buy to Let

If you are buying a place with a plan to rent it out, you will need a special Buy to Let mortgage. But are you aware of the risks?

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What’s the difference between a normal mortgage and a Buy to Let mortgage?

For a Buy to Let mortgage…

The amount you can borrow isn’t calculated by how much you earn, but how much income you can get from renting
Some lenders will need you to own a separate, residential property (for at least 6 months) before they’ll lend on a rental investment
There are no clauses that prevent you renting a place out, like you would find in a normal mortgage contract. If you rent out a property with a normal mortgage, you will be in breach of the terms and consequences can be serious – like your lender demanding immediate repayment of your mortgage in full.

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We have the largest private client team in the UK, our team of experts are here to provide discreet legal advice to support you and your family.

Helen Hutchison

Partner & Chartered Legal Executive

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Meet Our Experts

Helen Hutchison

Partner & Chartered Legal Executive

Find out more

What do I need to know before I get a Buy to Let mortgage?

There are financial things to consider. You will need to pay an extra 3% on top of the normal Stamp Duty Land Tax rates on a Buy to Let.

You might need to convert a mortgage - for example, starting with a normal mortgage then converting when you are ready to rent.

Buy to Let mortgages can be more expensive, as they carry more risk. There’s a chance you won’t be able to secure tenants straightaway (a void period), won’t be able to charge as much rent as you thought, or have tenants coming and going - leading to inconsistent income. And you may face restrictions about moving into the property yourself.

Good legal advice can take a lot of the risk, stress, and workload out of managing a Buy to Let. Plus we can support you if you are having problems with your tenants, letting agents, or management company.

Making an enquiry

We have several ways you can contact us, either by completing our online contact form, by phone, or using our live chat. If you start your journey online, here are the first steps to working together.

Complete our online form
We need a few details to understand your situation and the kind of support you need.
We’ll contact you by phone
On the call our experts will ask you a few more questions to make sure we connect you with the right legal advice from our team.
We arrange a full appointment
Your next step is an in-depth appointment with a specialist solicitor to discuss how we could advise you.

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