Buy to let mortgage in Portsmouth
Buying your first rental, growing a portfolio or remortgaging an investment property? Our team understands the Portsmouth rental market and can talk you through your options.
Portsmouth has a strong rental market, helped by the university, the naval base and a steady stream of people who want to live near the coast. Many landlords look here for that reason.
Whether you are looking for a buy to let mortgage in Portsmouth for the first time or you already own rental property, we will explain your options in plain English. Your first chat is free and there is no obligation.
How we help landlords
Buying a rental
We look at how much you may be able to borrow, how lenders assess rental income and what deposit you may need.
Remortgaging a rental
If a buy to let deal is ending, we can compare what is available and explain the costs and rates involved.
Growing a portfolio
Lenders treat portfolio landlords differently. We will explain what to expect and which lenders may suit your situation.
What lenders look at for a buy to let mortgage
Most buy to let lenders look at the expected rent compared with the mortgage payment, as well as your own income and experience. They usually ask for a larger deposit than for a residential mortgage, so it helps to plan early.
We will talk you through how it works for your plans. Some buy to let mortgages are not regulated by the Financial Conduct Authority, and we will explain what that means for you.
Buy to let mortgage in Portsmouth: HMOs and limited companies
Portsmouth has a lot of houses in multiple occupation (HMOs), and many landlords buy through a limited company. Both can change the type of mortgage you need. We will explain the options and what lenders typically expect.
Buy to let mortgage in Portsmouth: your questions answered
How much deposit do I need for a buy to let mortgage?
Lenders often ask for a larger deposit than for a residential mortgage. The exact amount depends on the lender and the property. We will explain what is typical for your situation.
How do lenders work out how much I can borrow?
They usually look at the rent the property could earn compared with the mortgage payment, and some also consider your income. The rules vary between lenders.
Can I buy through a limited company?
Yes, many landlords do. It can affect the mortgage options and the tax position, so please also speak to a tax adviser or accountant.
Can you help with HMO mortgages?
We can often help. HMO lending has its own rules, and we will explain what lenders typically expect.
Do I need to pay for advice?
Your first chat is free and there is no obligation. We will explain how we are paid before you decide to go ahead.
Your first chat is free, and there's no obligation.
Tell us what you're planning. We'll tell you honestly what's possible.