Buy-to-Let Mortgages

Indicative

Rates vary by provider

Secured

Against property

5–30

Term (years)

125%

ICR requirement (typical)

Understanding Buy-to-Let

What is a buy-to-let mortgage?

A buy-to-let mortgage is purpose-built for properties you let to tenants. Unlike residential mortgages, BTL lending is assessed primarily on rental income coverage rather than personal income — making it the go-to tool for property investors and landlords building real assets.

From a single flat to a large portfolio held across multiple limited companies, Glender can introduce you to specialist BTL providers for a wide range of landlord scenarios. Our smart matching engine compares your enquiry with criteria supplied by participating providers and surfaces potential matches.

✓ Standard residential BTL (AST tenancies)
✓ HMO and multi-unit freehold blocks
✓ Limited company (SPV) structures
✓ Portfolio landlord specialists (4+ properties)
✓ Holiday lets and serviced accommodation

Property Types We Cover

Standard Residential

Houses, flats, and maisonettes let on assured shorthold tenancies to single households

HMO Properties

Houses in Multiple Occupation — room-by-room letting for higher yields. Licensed and unlicensed.

Multi-Unit Freehold Blocks

Blocks of flats owned as a single freehold title. Specialist lenders for 2-50+ unit buildings.

Holiday Lets & SA

Short-term and holiday letting. Airbnb-style serviced accommodation with higher income potential.

Why Glender

Key features

Buy-to-let, built for modern landlords. One enquiry, intelligently matched to potential providers.

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Limited Company BTL

Some landlords choose limited-company ownership. The tax and legal consequences depend on your circumstances. Obtain independent tax and legal advice before choosing an ownership structure. Glender can introduce you to providers who specialise in limited company buy-to-let.

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Portfolio Landlords

Own four or more mortgaged properties? You are classified as a portfolio landlord and need specialist underwriting. Glender can introduce you to providers who handle complex portfolio assessments.

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Flexible ICR

Interest Coverage Ratio requirements vary by lender. Our smart matching engine compares your enquiry with criteria supplied by participating providers and surfaces potential matches whose criteria your property may meet.

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Rate Options

Fixed rates from two to ten years, trackers, and discounted variables. Different providers may consider different product types depending on your circumstances.

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HMO Specialists

Houses in Multiple Occupation can generate higher yields but need specialist lenders. Glender can introduce you to HMO-friendly providers for licensed and unlicensed properties.

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Expat & Overseas

UK property owned by expats or overseas nationals? Glender can introduce you to providers who consider non-UK resident landlords.

How It Works

Four steps to your BTL mortgage

From first enquiry to mortgage offer — one place, no chasing, you in control.

1

Share Your Requirements

Property value, rental income, borrowing structure, and portfolio size. Two minutes is all it takes.

2

Lender Matching

Our smart matching engine compares your enquiry with criteria supplied by participating providers — ICR, property type, borrower structure, and portfolio rules.

3

Compare & Apply

See indicative rates, fees, product details, and ERCs side by side. You choose the mortgage that fits your investment strategy.

4

Mortgage Offer

Application submitted, valuation instructed, and mortgage offer issued. Typical timescale 3-6 weeks.

Eligibility

Who can apply?

Buy-to-let mortgages are available to individuals and companies who intend to let the property to tenants. Most lenders require you to own your own home (or have done so previously), though some accept first-time buyers turned landlords.

✓ Individual landlords (UK residents)
✓ Limited companies and SPVs
✓ Expats and overseas nationals
✓ Portfolio landlords (4+ properties)
✓ First-time landlords (some restrictions apply)

What you'll need

● Property value and expected rental income
● Deposit of 20-40% (depending on lender)
● Minimum personal income (typically £25,000+)
● Proof of identity, address, and income
● Portfolio schedule (for 4+ properties)
● Company accounts (for limited company borrowers)

FAQ

Frequently asked questions

The ICR measures whether the rental income sufficiently covers the mortgage payments. A 125% ICR means the rent must be at least 125% of the monthly mortgage payment. For example, if the mortgage costs £800 per month, rent must be at least £1,000. Lenders stress-test at higher rates (typically 5.5%) to ensure the investment remains viable if rates rise.

Some landlords choose limited-company ownership. The tax and legal consequences depend on your circumstances. Obtain independent tax and legal advice before choosing an ownership structure. Glender can introduce you to providers for both personal-name and limited-company structures so you and your adviser can decide what works for your situation.

Under PRA rules, anyone with four or more mortgaged buy-to-let properties is a portfolio landlord. This triggers more detailed underwriting — lenders must assess your entire portfolio, not just the individual property. Some high-street lenders avoid portfolio cases, but Glender can introduce you to specialist providers who handle portfolio assessments as standard.

Some lenders accept first-time buyers for buy-to-let, though the selection is more limited and you may need a larger deposit (typically 25-40%). You will also pay the stamp duty surcharge that applies to additional property. Glender identifies potential providers who consider first-time landlords so you are not spending time on those who decline automatically.

Rates, fees and loan-to-value limits vary between providers and depend on the full circumstances of each case. The relevant provider confirms all costs after its assessment. Pricing differs by product type, loan-to-value, borrower structure, and property type.

Yes, though not all lenders permit it. Some lenders restrict tenancy types — excluding students, DSS/housing benefit tenants, or corporate lets. Glender filters by permitted tenancy type so you only see providers who may accept your intended letting strategy, helping you avoid unsuitable options.

Buy-to-Let Mortgages — build your portfolio