FAQs

A buy-to-let mortgage is a loan secured against a property purchased to rent out to tenants. Typically, affordability of the loan is based on a rental calculation.

Currently finance is available for up to 85% of the value of the investment property, subject to lending criteria. Click here  to obtain a buy to let mortgage quote.

The types of buy to let mortgage interest rates available are similar to residential mortgages. There are fixed rates and variable tracker rates available; variable rates may track Bank of England Base Rate or London Inter-Bank Offered Rate (LIBOR).

Customers can choose either interest only or capital repayment methods. Please note that all Buy-to-Let Direct quotes are given on an interest-only basis. For a part capital and interest and part repayment quote please contact our support team.

Currently the FCA (FCA) does not regulate most buy to let mortgage transactions. The exception to this is if the applicant or a related person intends to occupy 40% or more of the investment property, in which case the mortgage is regulated by the FCA in the same way as a residential mortgage.

We charge an application fee which includes the valuation fee and our administration costs. This is the only fee charged to you and is payable before we instruct the valuation report. We will only instruct a valuation after a decision in principle has been obtained.

Currently the website will only provide an interest-only quotation. If you would like a quote for a repayment mortgage please contact our Sales team on 029 2069 5400, Option 1.

Yes. Buy-to-Let Direct has developed an online buy to let application form that captures all the information required by many of the lenders we deal with, enabling us to submit online applications to alternative lenders quickly if the initial application is declined by the lender.

Yes, Buy-to-Let Direct is able to instruct the re-type of a valuation providing time limits allow.

Application fees vary depending on the lender. The application fee for each product is displayed on the mortgage illustration.

Application fees vary depending on the lender. The application fee for each product is displayed on the mortgage illustration.

All cheques should be made payable to Buy-to-Let Direct.

The timescale between application and offer will depend greatly on how quickly you can gather the required information. Most of our lenders will provide an offer within two working days once we have sent the fully packaged application to them. If we anticipate a delay from the lender we will advise you.