Brilliant from start to finish on our mortgage process and kept us updated every step of the way. We were first time buyers and everything was explained fully. Wouldn't hesitate to contact again.
Danielle Khiabani
Passionate About People & Property
Buy to Let Mortgage Advice
Expert mortgage advice in High Street branches, by telephone, online or arrange an Adviser to visit you.
We'll compare more than 90 lenders and 12,000 deals
Remortgage rates from under 1.3%
Free, no obligation quotes
We can save you money, time and make the mortgage process easy
88%
Based on 468 reviews
To discuss your mortgage with a friendly Adviser, call us now on:
Opening hours: 9am – 6pm, Monday to Friday
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Expert Buy To Let Mortgage Advice
Every Step Of The Way
Find A Better Deal
If you're purchasing a Buy to Let or remortgaging - start your application now to find a better deal.
Save Time
Your time is valuable. We'll manage your application for you. That way, you can focus on more
important things.
Simple & Efficient
Mortgages can get complicated fast – especially if you have a complex situation. Our Advisers are experts in Buy to Let mortgages.
Relax!
We'll secure your mortgage and can help find you conveyancers, insurance and protection cover to complete your mortgage journey.
Compare 1000s Of Buy To Let Rates
We'll search 1000s of products from lenders across the Buy to Let market so you can compare personalised rates and get the right deal.
Bespoke Mortgage Advice - Every Step Of The Way
Discuss your options
Speak to a friendly, expert Adviser about your unique mortgage needs.
Compare Deals
We'll search 1000s of products for the perfect mortgage and present our advice to you.
Submit Your Application
Your Adviser and Case Manager will complete your application and liaise with the lender.
Support Your Journey
We'll secure your mortgage and can help find you conveyancers, insurance and protection cover to complete your mortgage journey.
Frequently Asked Questions
The Perfect Mortgage For Your Dream Property
Remortgage
Nearing the end of your fixed term? Or perhaps it’s time for a better rate? We'll search the market for the perfect deal.
Moving Home
Miles & Barr can take care of everything: mortgage, Estate Agents, Application, Conveyancing, Insurance, Protection, Removals, Utilities. We can help make your move easier.
First Time Buyer
Buying your first home doesn’t need to be complicated. We’ll guide you through, right up to the day you move in. Take your first step towards homeownership now.
Buy to Let
Your mortgage will affect the profit potential of your buy-to-let investment and ability to expand portfolio.
© Miles and Barr 2021. All rights reserved.
How much can first time buyers borrow?
Every client’s personal circumstances are unique, for example your salary, deposit, credit history or the type of home you’re hoping to purchase. Lenders consider a number of factors before determining what they are prepared to lend. A mortgage broker can help you to understand your eligibility for a mortgage and how much you can potentially borrow.
What is a ‘decision in principle’?
This is a statement from your mortgage lender that tells you how much money it is prepared to lend you.
Are 100% mortgages available to first time buyers?
In principle, yes, in practice, some mortgage lenders will offer them however the interest rates are typically high or the eligibility criteria are very challenging to meet. It may be better to wait until you’re sure you can afford a mortgage or explore guarantor mortgages, amongst other options, with an experienced adviser.
88%
Based on 468 reviews
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Mortgage process was so quick and straightforward, mortgage offer with my solicitor within 3 days - highly recommend.
Jo Greenway
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Absolutely brilliant service. Listened to our concerns and really helped us out when others wouldn't. Would not go anywhere else. Excellent professional manner who thinks about the individual and responds to individual needs. Thank you for making it as painless as possible. Would highly recommend.
Claire Betts
-
Brilliant from start to finish on our mortgage process and kept us updated every step of the way. We were first time buyers and everything was explained fully. Wouldn't hesitate to contact again.
Danielle Khiabani
-
Mortgage process was so quick and straightforward, mortgage offer with my solicitor within 3 days - highly recommend.
Jo Greenway
-
Absolutely brilliant service. Listened to our concerns and really helped us out when others wouldn't. Would not go anywhere else. Excellent professional manner who thinks about the individual and responds to individual needs. Thank you for making it as painless as possible. Would highly recommend.
Claire Betts
-
Brilliant from start to finish on our mortgage process and kept us updated every step of the way. We were first time buyers and everything was explained fully. Wouldn't hesitate to contact again.
Danielle Khiabani
-
Mortgage process was so quick and straightforward, mortgage offer with my solicitor within 3 days - highly recommend.
Jo Greenway
-
Absolutely brilliant service. Listened to our concerns and really helped us out when others wouldn't. Would not go anywhere else. Excellent professional manner who thinks about the individual and responds to individual needs. Thank you for making it as painless as possible. Would highly recommend.
Claire Betts
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Privacy PolicyTerms and ConditionsCookie Policy
You may have to pay an early repayment charge to your existing lender if you remortgage.
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
Your property may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.
Miles and Barr Financial Services is a trading name of Mortgage Advice 4 U Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. Mortgage Advice 4 U Ltd. Registered Office: Innovation House, Discovery Park, Sandwich. CT13 9FF Registered in England Number: 10785015
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
Your property may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.
3 Reasons to Remortgage
Miles & Barr are a leading Residential and Commercial Estate Agency, Mortgage Broker, and Property Manager. We've combined our team's passion and expertise in property services to deliver unrivalled customer satisfaction.
Secure a Better Deal
You may be paying more on your existing remortgage than you should. Secure a lower interest rate at today's record-low rates by switching mortgage providers.
1
Raise Additional Cash
Raise additional cash by releasing money from your home for home improvements & renovations, a 2nd home deposit, or even a holiday!
2
Pay Off Debts
Pay off high-interest expensive debts (like credit cards, personal loans, overdrafts, council tax and more) with a debt consolidation remortgage.
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FAQs
Are Buy-to-Let Interest Rates Different from Residential Rates?
Even the cheapest buy-to-let mortgage rates tend to be a little higher than the rates on residential properties as buy-to-lets are riskier investments for lenders. For example, if you have a mortgage on your home and a mortgage on a rental property, but you find yourself able to make only one of these monthly payments, it’s very likely you’ll prioritise the mortgage payment on your home over the one on the rental property. Therefore, to compensate for the additional risk, buy-to-let lenders set interest rates slightly higher. They also usually require a bigger minimum deposit – usually at least 25%.
How Many Buy-to-Lets Can I Have?
Lenders have different rules regarding how many mortgages you can take out with them for buy-to-let properties. There are also some limits based upon your entire portfolio, including any properties mortgaged with other lenders. Many high street lenders cap the number of buy-to-let properties at 3 - 5, but there are some lenders that work exclusively with portfolio landlords who own 4 + properties.
How Much Can I Borrow for a Buy-to-Let?
The amount you can borrow and the rates available to you will depend on the size of your deposit and your expected rental income, as this will determine how much you’ll be able to afford in monthly interest payments.
Can You Change a Residential Mortgage to a Buy-to-Let?
You can apply for consent to let on your residential property from your current lender if you only intend on renting it out for a certain period of time - e.g. a year. Alternatively, if you want to let out your current home indefinitely and maybe release some equity from it at the same time to buy a new home, you’ll want to consult a mortgage broker about letting to buy.
Can a First-Time Buyer Get a Buy-to-Let?
It is possible for a first-time buyer to take out a mortgage on a buy-to-let property but there are very few lenders available that offer these kinds of niche products, so you may want to consult a mortgage broker.
Can You Get Mortgage on a Buy-to-Let Property with a Deposit of Less than 25%?
There are a few buy-to-let lenders that offer LTVs (loan-to-values) higher than 75%. You may want to speak to a mortgage adviser if you’re after one of these slightly more specialist mortgages as they tend to be relatively expensive.
What Should I Do if I’m Coming to the End of My Fixed Rate Buy to Let Mortgage?
If you’ve got 6 months left on a fixed rate, and you don’t want to pay an ERC (Early Repayment Charge) to switch to a new rate now, you can fix a deal 6 months in advance of the end of your rate with most lenders - this is possible as most mortgage offers are valid for 6 months. That way, if rates continue to decrease between now and then you can look at switching to a lower rate in that time. On the other hand, if rates continue to increase you’ll have secured your rate and won’t be affected by any impending rate increase in that time. A win-win in any outcome.
I Have a Year Left on My Buy to Let Fixed Rate – Do I Remortgage Now?
For those in a fixed rate with a year left or longer, wondering whether it’s worth paying an ERC (early repayment charge) to tie in for a new deal now - rather than reviewing in 6 - 9 months’ time when rates may have increased - you need to take into consideration the costs of this decision, the ERC percentage and other associated fees the lender may have for clearing the loan early.
It's best to speak to a broker if you’re in this situation. They’ll be able to establish whether the savings you’ll make by switching to a new deal early are worth the ERCs.
How quickly can you arrange my remortgage?
It depends! We would normally expect the mortgage application to be approved within a 2 to 3 week period and then you may need to allow a further 3 week period to complete the legal process. Some lenders are faster than others. If speed was a key concern for you, your mortgage broker may recommend certain mortgage providers to assist with a faster turnaround.
Passionate About People & Property
Buy to Let Mortgage Advice
Expert Mortgage Advice In High Street Branches, By Telephone, Online Or Arrange An Adviser To Visit You.
Compare 1000s Of Buy To Let Rates
Secure Low Fixed Rate Mortgages - Now
Free, No Obligation Quotes
Save Money, Time And Hassle
Buy to Let Mortgages
Expert mortgage advice in High Street branches, by telephone, online or arrange an Adviser to visit you.
Compare Buy to Let Mortgage Rates
- Compare 1000s of Buy to Let Rates
- Remortgage Rates From 1.3%
- Free, No Obligation Quotes
- Save Money, Time And Hassle
Enquire Online
Bespoke Mortgage Advice - Every Step Of The Way
Find A Better Deal
If you're purchasing a Buy to Let or remortgaging - start your application now to find a better deal.
Save Time
Your time is valuable. We'll manage your application for you. That way, you can focus on more
important things.
Simple & Efficient
Mortgages can get complicated fast – especially if you have a complex situation. Our Advisers are experts in Buy to Let mortgages.
Relax!
We'll secure your mortgage and can help find you conveyancers, insurance and protection cover to complete your mortgage journey.
Expert Buy To Let Advice - Every Step Of The Way
The Bank of England is expected to increase the Base Rate soon - which means lenders may increase interest rates and repayments may become more expensive.
Some lenders have started to increase their rates already.
This means that you could save money by securing a lower rate now - even if your current deal doesn't finish for up to 6 months.
Don’t miss out! Find out how much you could save.
Speak to one of our mortgage experts for a no obligation quote.
Review Your Mortgage Now
The Bank of England is expected to increase the Base Rate soon - which means lenders may increase interest rates and repayments may become more expensive.
Some lenders have started to increase their rates already.
This means that you could save money by securing a lower rate now - even if your current deal doesn't finish for up to 6 months.
Don’t miss out! Find out how much you could save.
Speak to one of our mortgage experts for a no obligation quote.
01304 249 964Enquire Online01304 249 96401304 249 964
Review Your Mortgage Now
Monday to Friday - 8:30am to 8pm
Saturday - 8:30am to 6pm
Sunday - 10am to 4pm
Get in Touch
By completing the form you agree for Miles & Barr Financial Services Ltd to contact you to discuss your requirements. Full details on how we process your personal data and your rights as a data subject can be found in our privacy policy.
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