Buy To Let Loans

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Thinking of Your Second Property

Another common route that some take to raise funds is to secure a loan against a Buy-to-Let Property, rather than their own residential home. If you have a Buy-to-Let property then we can try and arrange a loan for you secured against it for any purpose. You may wish to carry out urgent renovations on this property (or a different property), you may want to raise a deposit for another property to grow your portfolio, or you may just want to use the equity to consolidate your existing credit.

Grow Your Portfolio

If you are considering a secured loan on your Buy-to-Let property, there are some advantages over your standard residential secured loan. For example, you may not need to provide proof of your income if the rental income you receive covers 125%* of the mortgage payments and the new loan payments. And if it doesn’t, some of our lenders will allow you to use your own confirmed income to bridge the gap, meaning there is leeway for you to find the finance you need.

Another advantage a secured loan gives you over re-mortgaging your Buy-to-Let property is that you may well have a very competitive rate on your mortgage that you don’t want to lose, or you may have hefty early repayment penalties on your existing mortgage, meaning it’s not viable to pay it off with a new mortgage.

What Happens Once I’ve Applied?
After submitting your loan application our experienced team of underwriters will search the market right away to find the best loan offers for your circumstances. We can usually get an in-principle decision within the hour.

If you need any help or advice please call us on 0800 840 3636 or drop us an email.

Loan Application Form

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First Trust Finance Has The Answer

Secured loans can be taken out over terms of up to 30 years and on interest only plans (subject to a viable exit plan) so you can pick a monthly payment that will match your monthly budget.

A secured Buy-to-Let loan could give you the control and power to get that next property in your expanding portfolio, to improve your own personal living space, or get yourself out of debt and into the black.

*some lenders require more than 125%, depending on your tax bracket.