Specialist Mortgages: Buy-to-Let

Flexible & Complex Buy-To-Let Mortgages

We launched our specialist mortgage for buy-to-let properties to provide the market with a flexible BTL 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 buy-to-let 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 complex buy-to-let mortgages can provide optionality and breathing space for initial purchases, future long-term financing, or bridging loan exits.

Our BTL mortgages have four tiers, expanding how many scenarios we can work with. From simple requirements, to more complex situations or property types. 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

5 simple steps away from your BTL specialist 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

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

Complex Buy-To-Let Mortgages

All you need to know:

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

How do specialist mortgages work?

A BTL 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 buy-to-let 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.

What fees do I need to pay?

There are a few fees you will need to be aware of when arranging a complex 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 specialist mortgage or bridging loan.
Product Fee: from 1.9% 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.

Can I apply for a complex buy-to-let mortgage?

Regardless of your circumstances you can apply for BTL finance if you have at least 25% deposit. However, it’s important to find a mortgage lender that considers your specific needs.

Our products have up to four tiers to suit a range of requirements. 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.

Can I get a mortgage when I have adverse credit?

Our BTL 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)

Are specialist mortgages interest-only?

Our fixed-rate and tracker 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.

How much deposit do I need?

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.

Can I re-mortgage my buy-to-let?

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 BTL specialist mortgage from MFS, we will assess your application and provide you the finance you need.

Can I change my mortgage to buy-to-let?

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.