MOVA / Buy-to-Let Mortgages
Buy-to-let mortgages.
A considered borrowing plan.
Buying your first rental property or reviewing an existing portfolio? Discuss the property, rental income and wider borrowing picture with Steven.
Initial conversation at no cost · No pressure to proceed
Start with what matters to you.
You do not need to choose a product before getting in touch. Bring your plans and your questions; Steven will help you understand the next step.
Three things to clarify
Plan your buy-to-let borrowing.
The property and rent
A lender considers the property and expected rental income alongside its criteria.
Your ownership plans
Personal ownership and a company structure raise different borrowing, legal and tax questions.
A plan for the capital
If the loan is interest-only, the outstanding balance still needs to be repaid.
Start with the investment, not a headline loan size.
Share the price or value, expected rent, available deposit and the type of property. Rental coverage calculations vary between lenders. A property that works on a simple monthly calculation may still fall outside a lender’s criteria. Consider void periods, maintenance and other ownership costs in your own plan.
Existing landlords: bring the whole picture.
If you already own rental properties, information about the portfolio may matter as well as the new property. Keep a schedule of values, mortgages, rents and ownership structures. Discuss refinancing and product end dates together where that helps avoid looking at one commitment in isolation.
- HMOs, multi-unit buildings and unusual tenancies can require a more specialist assessment.
- Mixed residential and commercial property should be discussed separately.
Ownership is more than a mortgage decision.
Buying personally or through a limited company can have different consequences. MOVA can discuss mortgage options, but legal and tax advice should come from an appropriately qualified professional. Do not choose a structure on the basis of an advertised mortgage rate alone.
Your questions, answered
Clearer on the detail.
Ready for the next step.
Have a question that is specific to you?
Can a first-time landlord enquire?
Yes. Explain your plans and experience so Steven can establish which options may be relevant. Availability remains subject to lender criteria.
Is interest-only the same as paying off the mortgage?
No. Interest-only payments do not reduce the capital balance. You need an acceptable plan to repay the loan.
Are buy-to-let mortgages regulated?
Some forms of buy-to-let mortgage are not regulated by the Financial Conduct Authority. The position depends on the arrangement and circumstances.
A practical next step
Talk through your plans
with Steven.
An initial conversation can help you understand where to start and what information may be needed next.
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The amount will depend on your circumstances and will be explained and agreed before you choose to proceed. Some forms of buy-to-let mortgage are not regulated by the Financial Conduct Authority.