Unregulated Buy to Let.

Yes - at Together, we can help with additional borrowing on your client’s Buy to Let properties. We know that they may need extra funding for renovations or improvements, or they may want to access some of the money built up in other properties to fund a new rental purchase.

If we see that they can afford the borrowing, we’ll help you achieve your client’s property ambitions.

Yes, we can support clients 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 the rental income sufficiently exceeds the monthly payments, we won't insist on a full affordability assessment. If your client hasn’t bought the property yet, 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 the client’s income – including rent from other properties owned, pension income, and wages from their day job (if they have one).

We're happy to lend to first time landlords, limited companies, property professionals, expats and others.

If you’re unsure if your client’s circumstances mean they’ll qualify, get in touch with us to discuss eligibility.

We have several Buy to Let mortgage products, and the minimum deposit (or equity, if they're remortgaging) we insist on varies based on the property and their circumstances. As an absolute minimum, they'll need to put in 25% of the property's value.

However, if they also own other properties and have sufficient equity, we may be able to use these properties as additional security to lend 100% of the value of the 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 your client wants to borrow a large amount (i.e. over £1 million), we may or may not ask that they contribute a larger deposit or more equity.

At Together, we may be able to provide Consent to Let. This means that your client may not need to change their existing mortgage before renting out their property.

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.

Here at Together, we have no limits on the number of Buy to Let mortgages your client can have with us, or the overall amount they can borrow – as long as they can show they can afford the monthly payments on each property, we’ll work with you to help grow their portfolio to the size they’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 them 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 they can prove that they can make the repayments, we’ll try to help them get started on their landlord journey.

If you’re worried about their monthly repayments or struggling to meet affordability, you can choose a higher LAF. This will reduce the mortgage amount due each month (but please note that it could result in them paying back more overall).

Some of our Buy to Let mortgages also include an Early Repayment Charge (ERC), which they'll pay if they elect to remortgage with another lender or repay their loan in full before the term ends.

We also charge a Redemption Administration Fee when they 'redeem' (i.e. fully repay) their mortgage. This covers the costs associated with closing the account and dispensing our legal claim to their property.

All of these fees can vary, so we'll ensure that the fees that apply to a particular mortgage are clearly explained before your client signs on the dotted line. Other fees and charges may be applied to the account during the life of the mortgage, in relation to the management of the account (for instance, if they fall behind on their monthly payments).

These are all explained in our Tariff of Charges.