Your home may be repossessed if you do not keep up repayments on your mortgage.
Whether you are an accidental landlord or looking to power up your existing portfolio, our Buy to Let mortgages are on hand to make accessing the finance you need seamless and stress free.
We understand the rental market and have helped thousands of landlords over the last 50 years with every type of property, dealing with every scenario. We’re specialists in dealing with non-standard properties - from those missing a kitchen or bathroom, all the way up to listed buildings. Our flexible criteria also means that we accept properties with multiple tenants (HMOs) or split into multiple units (MUBs), as well as Holiday Lets.
We accept automated valuations for your property, using data from a range of existing databases to automatically calculate a value, greatly reducing the timescales to access funds.
Thinking about your next Buy to Let investment? Get in touch with us on 0161 956 3224
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With 50 years of lending experience, we’re the experts when it comes to helping landlords.
Our common sense approach to lending means we can be more flexible and realistic when reviewing your application. When it comes to affordability, we look at the person and their situation, not just criteria or credit.
We’ll never put a cap on how many Buy to Let mortgages you can have with us. So, whether it’s your first or fiftieth investment, our dedicated team is on hand to help.
Do you want to understand the potential cost of your mortgage or loan?
We can give you an idea of the monthly costs with just a few details like the property value, your deposit amount and how long you need the loan to last.
Find out here
We're happy to lend to first time landlords, limited companies, property professionals, expats and others.
If you’re unsure if your circumstances mean you qualify, get in touch with us to discuss your eligibility.
We have several Buy to Let mortgage products, and the minimum deposit (or equity, if you're remortgaging) we insist on varies based on the property and your circumstances. As an absolute minimum, you'll need to put in 25% of the property's value.
However, if you also own other properties and have sufficient equity, we may be able to use these as additional security to lend you 100% of the value of your new purchase.
Typically, we offer Buy to Let mortgages of anywhere from £30,000 to £2.5m. We can sometimes provide more depending on the situation, so just ask us and we’ll see if we can help.
If you want to borrow a large amount (i.e. over £1 million), we may or may not ask for you to contribute a larger deposit or more equity.
Yes - at Together, we can help you with additional borrowing on your Buy to Let properties. We know that you may need extra funding for renovations or improvements, or you may want to access some of the money you’ve got built up in your other properties to fund a new rental purchase.
If we see that you can afford the borrowing, we’ll help you achieve your property ambitions.
Yes, we can support customers buying properties at auction. We can provide long term Buy to Let mortgages, and short term bridging finance – ideal for landlords looking to pick up a property for renovation.
We’ll need a copy of the tenancy agreement (if the property is already being rented out) or a rental assessment (if it’s not being rented out yet). Projected rental income can also be used. If the application is not self-funded, then income proof is required.
We don't have any minimum income requirements, and if your rental income sufficiently exceeds your monthly payments, we won't insist on a full affordability assessment. If you've not yet bought the property, or the property is currently vacant, we can use an assessment of the potential rental income from an estate agent, 90% of this rental assessment can be used for the affordability assessment.
If we do need to conduct a full affordability assessment, we'll consider all of your income – including rent from other properties you own, pension income, and wages from your day job (if you have one).
If you've already got a mortgage on your home and want to rent it out, you may not need to do anything. Speak to your existing mortgage provider to find out; some lenders will give their consent to let, and some will insist you switch to a specific Buy to Let mortgage product. It often depends on the circumstances.
If they're insisting that you switch, remember you have the option to shop around. Make sure you check if there are any Early Repayment Charges (ERC) associated with switching to another lender.
At Together, we may be able to provide Consent to Let. We also offer Consumer Buy to Let (CBTL) mortgages for accidental landlords as well – designed for homeowners who never envisioned becoming landlords but need to let out a personal property due to scenarios such as inheritance, relocation or a relationship change.
There’s no strict limit, but some mortgage lenders will put a limit on how many mortgages (or how much you’ve borrowed overall) they’ll let you have. Here at Together, we have no such limits – as long as you can show you can afford the monthly payments on each property, we’ll work with you to help grow your portfolio to the size you’d like.
Some investors who own lots of rental properties may instead decide to have one very large mortgage that covers all of them, so they have a single monthly payment to meet.
This is known as a portfolio Buy to Let mortgage. It’s secured against all of their properties at the same time and is something we also offer at Together.
Yes, we accept Buy to Let mortgage applications from first time buyers at Together. And, we won’t treat you any different than any other landlord – no additional limits or higher rates.
This includes first time landlords, property investors and people that haven’t owned their own home (or any other property) before. If you can prove that you can make the repayments, we’ll try to help you get started on your landlord journey.
When you get a Buy to Let mortgage from Together, you’ll need to pay a Lenders Arrangement Fee (LAF), which you may also know as a product fee.
If you’re worried about your monthly repayments or struggling to meet affordability, you can choose to pay a higher LAF. This will reduce the mortgage amount due each month (but please note that it could result in you paying back more overall).
Some of our Buy to Let mortgages also include an Early Repayment Charge (ERC), which you'll pay if you elect to remortgage with another lender or repay your loan in full before the term ends.
We also charge a Redemption Administration Fee when you 'redeem' (i.e. fully repay) your mortgage. This covers the costs associated with closing your account and dispensing our legal claim to your property.
All of these fees can vary, so we'll ensure that the fees that apply to your particular mortgage are clearly explained before you sign on the dotted line. Other fees and charges may be applied to your account during the life of your mortgage, in relation to the management of your account (for instance, if you fall behind on your monthly payments).
These are all explained in our Tariff of Charges.
All lending decisions are based on lending criteria and, where applicable, subject to credit check and an assessment of individual circumstances.
All mortgages are subject to our terms and conditions.
Loans offered by Together Commercial Finance Limited are not regulated by the Financial Conduct Authority.
