Buy to Let Mortgage calculator
How much rent will I need?
The buy to let mortgage calculator gives you an indication of how much potential rental income you would need to receive to secure a mortgage, based on the purchase price of the property and the mortgage amount required.
Here are things to consider with a buy to let mortgage:
- The loan-to-value (LTV) generally needs to be lower than 85%
- Your rental income will need to be above 125% of your monthly mortgage payment so if your mortgage is £1,000 your rent will need to be at least £1,250
- Interest rates on buy to let mortgages tend to be 1-2% higher than residential mortgages
The amount you can borrow on a buy to let mortgage is based on the rental income you could achieve on the property as well as the applicants annual income. Use this buy to let calculator to find out the likely rental income required by a mortgage lender to secure a buy to let mortgage.
Most Buy-to-Let Mortgages are not regulated by the Financial Conduct Authority.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Your initial mortgage appointment is without obligation. Embrace Financial Services normally charge a fee for their services; however, it is payable only on the submission of your mortgage application. The fee will depend on your circumstances but the standard fee is £549. Complex cases usually attract a higher fee. Embrace Financial Services will discuss and agree the fee with you prior to submitting any mortgage application.
Need a Buy to Let mortgage?
Whether you're an experienced landlord or thinking of becoming a landlord for the first time our partners Embrace Financial Services will talk through your full situation and help find a buy to let mortgage that suits your needs.
Buy to Let Calculator | Find out your rental income.
If you're thinking of letting out your property but aren't sure what rent you could achieve for the type of property in that area, get an instant online rental valuation now.