Term lending
Buy-to-let mortgages for landlords who run property as a business.
Single-let to HMO, personal name to layered SPV group, first purchase to fiftieth: we arrange non-regulated buy-to-let term lending across a 100+ lender panel, packaged the way each lender's underwriters expect to see it.
Term lending, built around how professionals actually borrow
A buy-to-let mortgage is a commercial loan sized on the rent, not on your salary. The lender stress-tests the rental income against the interest, takes a charge over the property, and prices according to the asset type, the borrowing structure and the loan-to-value. For a professional landlord that means the product choice is rarely "which bank", it is which combination of vehicle, asset class and stress basis gets the leverage and the pricing the deal needs.
That is the job of this desk. We are a specialist broker for non-regulated landlord lending, founded by a former Bank of Scotland and Lloyds Banking Group lender, and every case runs across the full panel rather than the half-dozen names a generalist defaults to. The product pages below cover each asset class in depth; the rates, stress rules and broker rationale that apply across all of them are summarised on this page.
Products
The buy-to-let product stack
Portfolio landlord mortgages
4+ properties, whole-portfolio underwriting.
Lenders treat portfolio landlords (4+ mortgaged BTLs) as a separate underwriting category: full portfolio schedule, aggregate LTV and weighted ICR. We package the portfolio the way each lender expects, and structure new debt around it.
For: Landlords with four or more mortgaged rental properties, in personal name, SPVs or both.
Limited company buy-to-let mortgages
SPV and trading-company BTL finance.
Lender access for SPVs (SIC 68209 / 68100) and trading limited companies. Director and shareholder guarantees, inter-company loans, layered group structures and dividend planning where relevant.
For: Incorporated landlords, higher-rate taxpayers, and investors building inside a company.
Buy-to-let remortgages
Refinance and capital raise.
Switch lender at the end of a fix, capital raise against portfolio equity to fund the next acquisition, or product transfer where the maths favour staying. We model all three on every case.
For: Landlords approaching deal expiry, or sitting on equity they want to redeploy.
HMO mortgages
Small and large HMO finance.
Houses in multiple occupation, small (up to 6 beds) and large (7+). Specialist valuation methodology, bricks-and-mortar versus investment value, licensing and Article 4 overlay.
For: HMO operators, including conversions, Article-4 areas and licensed schemes.
MUFB mortgages
Multi-unit freehold blocks.
Blocks of self-contained flats held on a single freehold title. A distinct specialist lender pool from HMO, with block-level valuation and unit-count tiering.
For: Investors holding or buying small blocks of flats on one freehold title.
SPV mortgages
Special purpose vehicle lending.
Mortgages written to special purpose vehicles: new SPVs with no accounts, SIC code requirements, personal guarantees, floating charges and group structures with holding companies.
For: Investors buying through a new or existing SPV, including layered group structures.
Holiday-let mortgages
Short-term and Airbnb-eligible.
Furnished holiday-let and short-term-let mortgages. Different income evidence, a different lender pool, and post-FHL tax treatment that changes the maths.
For: Holiday-let operators and short-term-let investors in lender-eligible locations.
Buy-to-let mortgage rates, June 2026
Indicative ranges across our panel as of June 2026. Five-year fixed rates remain the professional default because most lenders test them at pay rate, which maximises loan size against a given rent.
| Product type | 65% LTV, 5-yr fix | 75% LTV, 5-yr fix | Notes |
|---|---|---|---|
| Single-let, personal name | 4.50% to 4.95% | 4.75% to 5.45% | Standard 5-yr fixes run 4.5% to 5.75% overall; 80% LTV prices towards the top of that range |
| Single-let, limited company SPV | 4.69% to 5.15% | 4.89% to 5.55% | Typically 0.2% to 0.5% over personal name, level at some lenders |
| HMO | 5.0% to 5.9% | 5.3% to 6.5% | 5.0% to 6.5% across the market; bed count and valuation basis drive pricing |
| MUFB | 5.0% to 6.0% | 5.3% to 6.5% | Prices close to HMO, with unit-count tiering |
Headline rate is half the picture. Lender arrangement fees run from £0 to 7% of the loan, and the lowest rates carry the heaviest fees. We compare on total cost over the fixed period, with fees expressed as a percentage of the loan, and on which stress basis each lender applies, because two identical rates can produce loan sizes £40,000 apart.
Interest-only: the professional default
Nearly every mortgage we arrange for a portfolio landlord is interest-only, and lenders expect that. The logic is cash flow and capital discipline, not inability to repay. On a £250,000 loan at 5.25%, interest-only costs £1,094 a month against roughly £1,498 on a 25-year repayment basis. That £404 a month per property is the difference between a portfolio that funds its own voids, maintenance and the next deposit, and one that is permanently cash-tight while equity sits locked in amortisation.
Repayment of the capital comes from sale, refinance or accumulated surplus at a time you choose, not on a schedule the lender chose. Interest-only also maximises the tax-deductible interest inside a limited company, and keeps the ICR arithmetic clean since lenders stress on interest in any case. Repayment and part-and-part structures exist, and occasionally suit landlords deleveraging towards retirement, but they are the exception on this desk, not the rule.
Stress testing in one paragraph
Lenders size every BTL loan on the interest cover ratio: rent divided by stressed interest must clear 125% for limited companies and basic-rate taxpayers, or 145% for higher-rate taxpayers in personal name. The stress rate is typically the pay rate plus 2%, with a floor around 5.5%, but five-year fixes are usually tested at the pay rate itself, which is why a five-year fix at 5.25% supports a materially bigger loan than a two-year fix at the same rate. Portfolio landlords, four or more mortgaged BTLs, also face a background test across the whole book, not just the new loan. Model your own deal in our buy-to-let stress test calculator, and for the portfolio-level rules see the portfolio landlord stress test and ICR guide.
Why professional landlords use a broker
The buy-to-let market splits into high-street lenders with sharp pricing and rigid criteria, and specialist lenders, many broker-only, who handle everything the high street declines: SPVs and group structures, HMOs and MUFBs, portfolio landlords at scale, expat and adverse-credit cases. Roughly half the lenders on our panel do not deal with the public at all, so a direct-only search is a search of half the market, and usually the wrong half for a professional.
The second half of the job is packaging. Portfolio cases live or die on the quality of the portfolio schedule, the business plan and the cash-flow statement that accompany the application, and on knowing which underwriter wants what before submission rather than after a decline. A declined application is not neutral: it costs a valuation fee, a month, and sometimes the purchase. Our background is bank-side credit, so cases go in written the way the person approving them used to write them. The initial conversation is fee-free, and our fee is only ever payable on successful drawdown.
Frequently asked questions
Are buy-to-let mortgages regulated by the FCA?
Most buy-to-let mortgages are unregulated commercial lending, sat outside the FCA regulated mortgage regime. A narrow subset called Consumer Buy-to-Let (introduced by the Mortgage Credit Directive in 2016) is regulated where the borrower is letting to a family member or accidentally became a landlord. We arrange non-regulated buy-to-let mortgages only and do not arrange Consumer Buy-to-Let or other regulated mortgages; if your case falls into the regulated regime we will refer you to an FCA-authorised firm.
How much deposit do I need for a buy-to-let mortgage?
Most lenders cap LTV at 75%, with a smaller pool going to 80%. So plan on 20% to 25% of the purchase price as deposit, plus stamp duty at the additional-property rates, valuation, legals and any broker fee. The best pricing sits at 65% LTV and below, so landlords with more equity to deploy often get a better blended result spreading it across two purchases at 75% than one at 60%.
What is rental cover (ICR) and how does it limit my loan?
The interest cover ratio is the rent divided by the stressed mortgage interest, and it is how lenders size BTL loans. Thresholds are typically 125% for limited companies and basic-rate taxpayers, and 145% for higher-rate taxpayers in personal name. Stress rates are usually pay-rate plus 2% or a 5.5% floor, with most lenders testing five-year fixes at the pay rate itself. The ICR, not the property price, is usually what caps your borrowing.
Do you charge a broker fee?
Initial consultation is fee-free. Our fee is 1% of the loan amount, payable only on successful drawdown. The procuration fee paid by the lender is taken first; you pay the difference up to 1% only where the lender's proc fee is below 1%. No fee at all if the case does not complete. Exact figures confirmed in writing before you commit.
Enquiry
Speak to a broker
Same-business-day callback. Fee-free initial consultation. Whole-of-market access to our 100+ buy-to-let lender panel.
- →Whole-of-market panel: 100+ specialist BTL lenders.
- →Same-business-day callback during office hours.
- →Initial consultation always fee-free.