CMB

Our expert advisers will help you find the best deal on your buy to let finance.

We specialise in providing buy-to-let finance solutions.

We work with a significant volume of property investors and developers. We can provide buy to let mortgages and funding for single units right up to large portfolios for portfolio landlords.

Our panel of buy-to-let property finance lenders provide quick decisions. Indicative buy-to-let finance terms will normally be provided within 24 hours. An agreement in principle can normally be expected within 48 hours, once the initial application form has been processed.

Our advisers are ex-bankers and property investors.
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Finance crafted to match your needs perfectly.
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Discuss your idea for a project with us and we’ll tell you how to fund it.
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  • Fast indicative terms.
  • Prompt decisions from lenders.
  • Competitive rates of finance.
  • Award winning lenders on our panel.
  • Highly experienced team.
  • We put the right deal to the right lender.

Free consultation!

+44(0)8433 308581

info@commercial-mortgages-broker.co.uk

Frequently asked questions

Got a question? We have the answer.

What types of properties can you arrange buy-to-let finance for?

  • Single Buy To Let Property – House
  • Single Buy To Let Property – Flat/Apartment
  • Buy To Let Finance for HMOs
  • Buy To Let Finance for Portfolio Landlords (4 or more properties)

We work closely with our funding partners to provide a prompt and efficient turnaround. We add value by pushing transactions across the line, we work closely with solicitors, valuers, lenders and other intermediaries to ensure that the transactions complete promptly.

How quickly can you arrange buy-to-let finance?

We work closely with our funding partners to provide a prompt and efficient turnaround. We add value by pushing transactions across the line, we work closely with solicitors, valuers, lenders and other intermediaries to ensure that the transactions complete promptly.

How much can I borrow with a buy-to-let loan?

Buy-to-let mortgages start from around £50k upwards. Te maximum loan will depend on the lender. Most lenders are comfortable up to around £1m, thereafter it is recommended that you get a bespoke quotation assembled.

How does a buy-to-let mortgage work?

A buy-to-let mortgage is very similar to a traditional mortgage, the lender will take a first charge on the property. The difference is that they will calculate the amount of money that they will lend upon the rental income from the property.

What are the length of buy-to-let mortgages?

Buy-to-let mortgages start from short term, 1-2 years, up to 15-20 years. It is possible to get extended terms upon request.

How long will it take to obtain funds for buy-to-let mortgage?

Buy-to-let mortgages are generally secured within 4-6 weeks of the initial enquiry.

What rates can I expect to pay for my buy-to-let mortgage?

Buy-to-let mortgage are priced based upon the lona to value (LTV) required, the higher the LTV the higher the price. It is possible to secure 85% LTV mortgages. The cheapest BTL mortgages start at around 2-3% per annum at the time of writing, plus acceptance fees, plus solicitors fees, plus valuation fees.

What costs are associated with buy-to-let finance?

Buy-to-let finance costs will vary depending on the loan to value (LTV) that you require, typically the higher the loan amount against the gross development value the higher the cost of funding. Rates typically start at around 2-3% per annum.

Additional costs that investors and developers need to consider include:

  • Acceptance fees
  • Legal fees
  • Broker fees
  • Exit fees
  • Valuation fees
  • Legal fees

Can I get a bridging loan then buy-to-let finance?

But-to-let finance is generally split into two different categories, with Bridging Finance used to acquire sites either from auction or for a quick purchase. Then many developers and investors carry out renovation and refurbishment works and then seek to refinance on to “term debt”. Term debt for Buy To Let Mortgages is generally between 2-20 years in term, although shorter and longer term options are available.

Can I get a bridging loan then buy-to-let finance?

But-to-let finance is generally split into two different categories, with Bridging Finance used to acquire sites either from auction or for a quick purchase. Then many developers and investors carry out renovation and refurbishment works and then seek to refinance on to “term debt”. Term debt for Buy To Let Mortgages is generally between 2-20 years in term, although shorter and longer term options are available.

What factors do buy-to-let lenders consider?

The lender will normally underwrite the property based upon the following areas:

Value of the property – bricks and mortar valuation, which will normally be carried out by a RICS qualified surveyor.
Income – the lender will normally review the income which the property either is generating or will be generating once the property has a tenant(s).

The lender will based upon their lending criteria provide indicative terms and formal terms based upon the valuation and income which is generated.

Lenders will lend up to 85% LTV for Buy To Let Finance, typically the higher LTV which the borrower wishes to borrow the more expensive the terms which are offered.

Why use buy-to-let loan finance?

A buy-to-let loan can enable a developer or investor to increase the number of properties which they own and increase the size of their portfolio.

What is buy-to-let loan portfolio finance?

The Prudential Regulation Authority (PRA) introduced restrictions for landlords who own 4 or more properties, and introduced various tests which lenders have to implement against such landlords in November 2017. These now mean that so-called “Portfolio Landlords” require a full evaluation of their entire portfolio as opposed to a lender lending money against a specific asset. CMB specialist in portfolio finance and provide a bespoke service working with portfolio landlords.

CMB

Leverage potential through property.
  • Highly experienced bank trained team.
  • £1bn+ of assets funded to date.
  • Large panel of lenders.
  • Property experts.

+44(0)8433 308581

info@commercial-mortgage-brokers.co.uk