Buy-To-Let Mortgages

New: Interest Only Buy-To-Let Mortgage

We launched our interest-only buy-to-let mortgage for buy-to-let properties to provide the market with a flexible, specialist mortgage it needs. We further enhanced our buy-to-let offering by adding a base rate tracker mortgage, adding additional term options. Borrowers can choose a 2-year fixed or tracker rate, and then move onto a revert tracker rate for 3 years in total.

Our base rate tracker mortgage features no early repayment charges after the initial 2-year rate. This provides borrowers with stability as they make long-term plans. This can include remortgaging, selling after a fixed period, or utilising our tracker options for the years ahead.

We pride ourselves on our ability to look at complex circumstances and make them simple. We do this by employing a bespoke approach and expert underwriting to each and every case. With a max term of 3 years and no tick box criteria, our specialist buy-to-let mortgages can provide optionality and breathing space for initial purchases, future long-term financing, or bridging loan exits.

Our buy-to-let fixed mortgage has three tiers, covering all kinds of borrowers and their requirements. Our tracker mortgage has four tiers, expanding how many scenarios we can work with. Whether our borrowers want to lock in their rates for a fixed period, or follow monetary policy and the wider market, we’ll find a suitable buy-to-let solution.

Our flexible specialist mortgages can cover:

Fast bridge exit & capital raising
Loans on individual properties up to £3m
First timers to Portfolio Pro’s – up to £10m with MFS
The ‘Rentally Challenged’ – Boost loan sizes through deferred interest, rolled up/deferred months, and top slicing
Small or large Multi-Unit Freehold Blocks & Houses in Multiple Occupation, to flats above commercial
Term length: 3 years, with possibility to leave earlier – optionality for investment strategies
Expats, foreign nationals, trusts or offshore companies
Holiday/Short term lets
Impaired credit – tiny dinks to big bumps

Download Product Guide

Get your quote with our Buy-To-Let calculator

Try out our Buy-To-Let Calculator today to find out how much you can borrow. Download your quote for free to receive a detailed quote showing your interest, charges and other costs associated with your buy-to-let loan.

Did you know there are no exit fees and that we’ll return your client’s commitment fee upon the loan draw down?

Calculate now

Market Financial Solutions MFS buy to let calculator

Just five simple steps away from your interest only buy-to-let mortgage

short-term buy-to-let mortgage

Step 1: Loan Enquiry & Indicative Terms

Enquire your way – phone, email, online. The underwriter will require a few details before providing an indicative tier, rate & loan size. We have various tools to make Interest Cover Ratio (ICR) fit!

We respond in under 4 hours

interest only buy-to-let mortgage

Step 2: Underwrite & Issue DIP

Like what you see? We require a small number of docs to finalise the underwrite. We then issue ‘credit approved terms’ in the form of a Decision in Principle (DIP), verified by our Credit Committee to ensure a yes means yes.

DIP issued usually less than 24 hours

interest only buy-to-let mortgage

Step 3: Valuation

DIP signed, valuation & admin fee paid? Time to value the property. Our underwriters agree the best terms/timescales from our panel for the type of property. The valuation verifies the security details on which the DIP is based.

Instructed usually less than 24 hours of fees being cleared

short-term mortgage for buy-to-let

Step 4: Legal Documentation

Time for the solicitors to do their thing, issuing contracts, and progressing the case towards completion. We use our trusted panel to ensure that we complete on time. You are included in all steps of the process.

We instruct quickly and only use Firms we know

interest only buy-to-let mortgage

Step 5: Loan Drawn Down

Great, the loan is ready to go and be put into use.

Depending on the circumstances, this can be in as little as a week from Enquiry

Try Buy-To-Let Calculator

We value your feedback

Leave us a review:

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Tom Gill, BDM at MFS, has been professional and a pleasure to deal with. Extremely pleasant, helpful, knowledgeable and working with my client best interest at the forefront of every decision to secure the most appropriate solution to fit my client's needs. Tom has a true passion for what he does and, despite the hurdles, we worked together with the support of with Shaun Bains (very nice and professional too!) to get the best outcome for my client. The result was a happy client that is delighted and asked me to do more work for them! Thank you very much indeed Tom and the MFS team. To more deals together! All the best, Eric Giordanengo

Eric Giordanengo

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I would like to thank Sumit for his continuous hard-work and kind assistance on all my deals. Sumit is extremely professional and is willing to go the extra mile to complete a deal. The service provided is excellent. Sumit is attentive and regularly keeps brokers updated during the process and makes sure all deals are completed on time.

Michelle

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Sonal was excellent, from start to finish and I look forward to working with MFS again in the near future

Ryan Gruzinski

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I've had a recent completion, and my first ever with MFS. The way they stuck with the deal with an obstructive vendor was above and beyond the expectations of any lender (I could go on for hours about the vendor) With easily over 300 bridging completions under my belt in my career I know good service when I see it, my only regret is that I should have been using MFS more. Special mention to Jemma Vaja for her hard work.

Liam

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From the first time I spoke to Sonal about the case , I was assured that MFS will be able to help . And yes they did. Sonal sent me terms very quickly and the whole process was seemless. We always got updates and Sonal was very professional and did a brilliant job until the case was finally completed . Our Client was very happy and this meant we were very happy too. We had a fantastic experience and we believe this will be the first of many . To Sonal a big thank you for your wonderful professional yet friendly assistance .

Mr Gabriel

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Bridging Finance that took longer than anticipated to complete (in this instance solicitors ready to go but MSF Compliance had an issue) but all the same the u/w team were on hand to offer assistance. Client feedback is that solicitor fees do add up with MSF cases (especially BTL apps), so make sure you/your client take this into consideration.

Amie-Be Compliant Ltd

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Really good experience from start to finish. Extremely diligent and very efficient way of working. Could not find any faults in the whole procedure. Definitely recommend it to others that are looking for this type of facility. Harj and Kiran we’re very professional at all times even working on a weekend if need to. Once again a big A BIG THANK YOU!!!

JOJAR DHINSA

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Really excited to be working with MFS. Underwriter was busy throughout the application and it was difficult to get her on the phone, however our BDM Oli Watts was available throughout the process and that made it more efficient for us. If we were unable to get an update form UW Oli would get the info for us regularly.

Tobi

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MFS, Thank you for giving all my clients an amazing service, Jemma, especially, she has been very professional and efficient since she joined MFS. She is a definitely a great asset to the company. Jemma, thank you and well done for all your assistance!

Maria

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As a mortgage broker, I have dealt with MFS several times and all successfully progress to completion on time. I have to mention that the BDM Zahira and the Underwriter Jeanne have been working really hard to make sure my urgent deals completed within the deadline and updated me several times a day so I am always aware whats going on. Top services.

Sabrina

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I have dealt with MFS for a long time as a Commercial Financial Broker. A great company to deal for all your short term funding needs. The speed, professionalism, communication and friendliness of staff are just great. I have dealt recently with Jemma who is always ready to help and sort out hurdles. Kieron and Richard are a few who i have dealt who brilliant. Also Paresh who is the CEO of MFS is a great person to deal. MFS always exceed expectations.

Victor

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Five Star Service Another bride company let me down with an unreasonable underwriter view, which cost my client two weeks, a valuation, and solicitor fees. My client needs to close the deal within three weeks. MFS has given me hope and taken the human thinking approach to overcome all the obstacles. Craig, Wayne, and Will provided excellent support (all calls were answered the same day). A big thanks go out to them. The whole team deserves five stars. Easy Financial Services LTD

AJIT SINGH

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Working with MFS is an absolute pleasure. They are always in communication and so everything they can to deliver a seamless transaction within a short time and minimum fuss. All in all a very professional outfit. Working with Jemima Hyes and her team has been great.

Ripon Mahmood

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I've had the pleasure of dealing with MFS in particular Imogen and Kieron. On each occassion from the initial phone call to discuss the nature of the case and sending across the enquiry form they have been proactive and quick to get the indicative terms issued. They are knowledgable and very helpful.

Amit Patel, Trinity Finance

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Exceptional service from a professional, diligent and creative team. In particular - a special thanks to Sonal who effortlessly simplified the complexity of the matter, maintained clear lines of communication and ensured overall transactional efficiency.

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I have dealt with MFS for 3 years. They have always been professional and found competitive structured finance solutions for my clients. They also offer a wide range of products. They have always got offers out quickly which is paramount to me. I have dealt with several of the team at MFS and they have all given me an excellent service.

customer

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We have completed a complex case. Underwriters were promptly acting in each time.

Dinesh

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We've had nothing but great service from Zahira and Kieron whilst working with MFS. It's a pleasure to work with a common sense lender who are efficient, dedicated, commercially minded and easy to communicate with. Thank you, and keep up the good work!

Chris Oatway

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Very tricky case, handled expertly by Jemma and the team, even though interest rates increased in the middle of the application, MFS ensured that any increase was as minimal as possible. Top effort and will be using MFS again

Craig

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I have known Kieron and MFS for circa 4 years. Nothing is ever too much of a problem for Kieron and he is very quick to respond to my enquiries. A few months ago we completed two very tricky transactions in excess of a million pounds of Bridging and Kieron sorted out every question and query that we came across. Kieron’s ability to quickly refer up the line was also extremely helpful and he has access to the decision makers who without doubt have a 'can-do' attitude! I run a team of 5 Commercial brokers and I have recommended MFS to them on a number of occasions, so expect a plentiful supply of new business! Thank you to all at MFS, you are a great bunch!

Andy Elley

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Contact Us

Speak to one of our underwiters or BDMs on the phone, via chat or email about your case, however complex it might be. We will try our best to say yes to you, instead of finding a reason to say no.

Chat to our Buy-To-Let Team:

Email: info@mfsbtl.com

Phone: +44 (0) 20 7060 5678

Chat to our Business Development Managers:

Email: brokers@mfsuk.com

Phone: +44 (0) 20 7060 1234

For an accurate Decision in Principle (DIP), our underwriters require a credit report from the applicants. This helps us allocate a tier, get applications through Credit Committee quickly, and speedily issue credit-approved terms. This makes life easier and quicker for the client and for us. Our preference is Checkmyfile, the only multi-bureau report that combines data from Equifax, Experian, TransUnion and Crediva.

You can try it free for 30 days, then it’s £14.99 a month – cancel online anytime.

See your multi agency credit report for free

Interest Only Buy-To-Let Mortgage

All you need to know:

How does a specialist buy-to-let mortgage work?What fees do I need to pay for a specialist mortgage?Can I apply for an interest-only buy-to-let mortgage?Can I get a mortgage when I have adverse credit?Are mortgages for buy-to-let interest only?How much deposit do I need for a specialist buy-to-let mortgage?Can I re-mortgage my buy-to-let?Can I change my mortgage to buy-to-let?

An interest-only buy-to-let mortgage is an investment mortgage on a property that the owner lets out to a 3^rd party in return for rental income. Typical 3^rd parties include a single person, a family, unrelated groups (e.g. students, several tenants each renting a room), a short term let like an AirBnB, or a corporate let where a company leases a flat for visiting staff or a local authority to let out to those requiring a home.

Most specialist mortgages are interest-only; meaning you pay monthly interest on the amount, however, this does mean that the capital borrowed at the start needs to be paid off at the end of the term either with the sale of the property, using savings to pay off the debt, taking a retention deal, or re-mortgaging with another lender.

There are a few fees you will need to be aware of when arranging an interest-only buy-to-let mortgage with MFS:

Admin Fee: £199 per property (max £995), payable when you want to proceed to a property valuation. This is free for existing MFS customers who currently have an active buy-to-let mortgage or bridging loan.
Product Fee: from 1.5% of the loan amount. This is paid when the loan is redeemed.
External fees: Valuation & Solicitor fees. All properties need a valuation from a surveyor, and a solicitor needs to be involved to ensure all things are correct and ownerships recorded.

Regardless of your circumstances you can apply for a interest-only buy-to-let mortgage if you have at least 25% deposit. However, it’s important to find a mortgage provider that considers your specific needs.

Our product has three tiers to suit a range of borrowers. Find all details and applicable products to you.

Alternatively, call our specialist mortgage team who are on hand to discuss your requirements and find the product which works best for you.

Our buy-to-let finance does cater for clients with adverse credit, which means we can take the below issues into consideration when assessing the application:

Missed mortgage payments
Unsecured card/loan payments
County Court Judgments (CCJs) & Defaults
Bankruptcy / Individual Voluntary Arrangement (IVA) / Days receivables outstanding (DRO)

Our specialist buy-to-let mortgages are interest only. However, we do offer deferral of up to 2% and/or roll-up of up to 9 months of payments in order to boost loan sizes and provide flexibility.

The deposit needed will depend on your loan-to-value. Our maximum loan-to-value is 75% (for our Solutions BTL & Specialist BTL) and 70% (for our bespoke level). This means the minimum deposit you will require will be 25% of your property’s value.

Of course. Whether you are looking to re-mortgage from a different provider, exit another finance solution such as a bridging loan, or apply for another specialist mortgage from MFS, we will assess your application and provide you the finance you need.

You can, however this will depend on your intended use for the property. Your finance provider may allow you to move to a ‘consent to let’ agreement, however some lenders require you to take out a new mortgage on the property to move it from a residential to a buy-to-let. You will also need to ensure your asset is compliant with your local council’s buy-to-let rules and regulations if you are changing the use of the property.

Not sure how to find these? Visit gov.uk for more information.