Buy To Let

Whether buying your first Buy to Let property, adding to your property portfolio or remortgaging Danestone can help.

Your requirements will be different from those of a standard residential homebuyer. We have access to the major lenders in the buy to let market, including those which specialise in lending to professional landlords and consumers.

How much can you borrow?

The amount you can borrow is normally based on what your likely monthly rental income will be.

Lenders use interest cover ratios or rent to interest calculations to work out how much profit a landlord is likely to make. This makes sure that rental income can cover the cost of the mortgage plus a margin to cover other costs that may arise.

Depending on the lender and the mortgage product the projected rental income could be at least 125% of the mortgage payments but could be as high as 145%

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Some Buy to Let mortgages are not regulated by the Financial Conduct Authority