Residential buy to let mortgages.
- For first-time & portfolio landlords
- No minimum income requirements
- On a huge range of property types
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.
£2.5mBorrow up to £2.5m
6.25%Rates from 6.25%/month
75%Borrow up to 75%* of the property's value
Consolidating unsecured debts with secured lending may increase the amount repaid overall.
Property has long been viewed as a solid investment
With house prices outstripping wage growth, 20% of all households in England now rent in the private sector – double the proportion recorded in the 1990s. This means there’s a lot more landlords than there used to be. If you’re hoping to join their ranks – whether to top up your pension, or give up your day job – our Buy to Let mortgages are made to match.
Sometimes the best buy-to-let properties are those that are a little unusual in their position, condition, or construction. We'll consider residential properties of all kinds.
We won't specify that you need a certain amount of experience as a landlord before we’ll consider you, or restrict the size or value of your portfolio. We welcome applications for everyone from private individuals and sole traders, to partnerships, limited companies and others.
If your rental income sufficiently covers your mortgage payments, we won't conduct any further affordability assessments. But if we have to, we'll take all of your income into account – including rent from other properties, or wages from your day job.
We can often lend when others won’t. We can consider your application, even if:
- It’s an ex-council property, and/or made of non-standard materials (e.g. concrete).
- It’s a flat in a high-rise block.
- You’re a first-time landlord.
- You’re clubbing in with friends to buy.
- You’re self-employed, work several jobs, or have already retired.
- You’ve got less-than-perfect credit.
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.