Buy to let mortgages for accidental landlords.
- Flexible on income & credit status
- On a huge range of property types
- Quick & easy application process
What makes us different
TrustedWith almost 50 years of lending experience under our belts, you can trust us to get things right for you.
Open-mindedUnlike many, we lend on properties like ex-council properties, high-rise flats and those made of non-standard materials.
Common senseYou're more than a credit score. If the sums show that you can afford the property, we do our best to make it happen.
SmartReceive updates on your application, upload files & e-sign most documents to open your Together account - all using our secure app.
8.25%*Fixed rate from 8.25%*
9.25%*Variable rate from 9.25%*
75%*Borrow up to 75%* of the property's value
4 to 30 yearsTerms available from 4 to 30 years
*The maximum loan, rate and loan-to-value ratio offered may be reduced depending on the property and your credit profile. Loans above £250k will be referred.
Inherited a property? Moving in with a partner? Relocating at short notice?
Renting out your property could prove lucrative so we understand why becoming an accidental landlord is sometimes an appealing option. This could mean you need to remortgage before renting out your property – perhaps because your existing mortgage provider doesn't do buy-to-let mortgages, or because you need to complete renovations.
Anyone can be a landlord these days, thinking about renting out your property to provide a second income, or boosting your pension pot further down the line, we may be able to help.
Our common-sense approach means we can also consider applications that some other lenders sometimes struggle with, such as if you already have a mortgage on the property, you're self-employed, work several jobs, or have already retired or if you’ve got less-than-perfect credit history.
Common questions about Buy to Let mortgages
Can I move into my buy-to-let property?
If you own a buy-to-let property and need to move into it, speak to your mortgage provider about changing your buy-to-let mortgage to a residential mortgage.
If they won’t let you do this, it’s time to shop around – as you may be in breach of the terms of your buy-to-let mortgage if you move in without their knowledge.
What fees will I have to pay on a Together Buy to Let mortgage?
We charge an Arrangement Fee, and some of our Buy to Let mortgages include an Early Repayment Charge, 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, to cover 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.
How much deposit do I need for a buy-to-let mortgage with Together?
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.
Can a first-time buyer have a buy-to-let mortgage?
Yes, we’ll consider applications from first-time buyers for a Together Buy to Let mortgage and treat them the same as anyone else. This includes both first-time property investors and people who’ve never owned their own home as well.
How much can I borrow for a buy-to-let mortgage with Together?
We offer buy-to-let mortgages of anywhere from £50,000 to £2m – and sometimes more! If you want to borrow a large amount (i.e. over £500,000) we may or may not insist on you putting in a larger deposit or more equity.
Overall cost for comparison
For example: A mortgage of £149,500 payable over 15 years, initially on a fixed rate for 5 years at 8.45% (and then on a tracker rate for the remaining 10 years at 2.14% above the Together Homeowner Managed Rate (THMR)) would require 60 instalments of £1,467.81 followed by 120 monthly payments of £1,479.87 plus a redemption administration fee of £110.00. Read more information on THMR.
The total amount payable would be £268,763.00 made up of the loan amount (£149,500) plus interest on the loan (£116,263.80), arrangement fee (£3,000) and the redemption administration fee (£110.00).
The overall cost for comparison is 9.2% APRC representative.
The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.