Investing in property to rent out can be a powerful way to build long-term wealth, but it’s not as simple as buying a home to live in. At Cherry Godfrey, we help make the process clearer and more manageable.
What Is a Buy-to-Let Mortgage?
A buy-to-let mortgage is a specialist type of mortgage designed for people who want to purchase a property with the intention of renting it out. Unlike residential mortgages, buy-to-let mortgages are assessed primarily on the expected rental income rather than your personal income alone, although personal income will be factored in by some lenders and full information will need to be provided.
How Buy-to-Let Mortgages Work
Buy-to-let mortgages differ from standard residential mortgages in several key ways.
Higher Deposit Requirements
Most buy-to-let mortgages require a larger deposit.
Affordability Based on Rental Income
Lenders usually assess whether the expected rental income will comfortably cover the mortgage payments.
Interest-Only Options
Many buy-to-let mortgages are set up on an interest-only basis. This keeps monthly payments lower, with the original loan amount repaid later, often through the sale of the property.
Is Buy-to-Let Right for You?
Before committing, it’s important to consider the wider picture.
Rental Income vs Costs
Rental income needs to cover more than just mortgage payments. Landlords should also factor in maintenance, insurance, potential letting agent fees, and periods where the property may be empty.
Market Conditions in 2026
The buy-to-let market continues to evolve, with mortgage rates, demand for rental properties, and lending criteria all playing a role. Having up-to-date advice can make a significant difference.
Legal and Tax Responsibilities
Buy-to-let landlords have legal obligations, including property safety requirements and appropriate insurance. There are also tax considerations to be aware of, such as tax on rental income.
How Cherry Godfrey Can Help
At Cherry Godfrey, we support landlords at every stage of the buy-to-let process by:
- Reviewing your personal and financial circumstances
- Explaining deposit requirements, rental income criteria and repayment options clearly
- Comparing the market to find suitable buy-to-let mortgage deals
- Guiding you through the application process from start to finish
Our aim is to give you confidence and clarity, without unnecessary jargon.
Ready to Explore Your Buy-to-Let Options?
Whether you’re purchasing your first rental property or expanding an existing portfolio, our mortgage team is here to help you make informed decisions.
Get in touch with Cherry Godfrey to discuss your buy-to-let mortgage options and take the next step with confidence.
