Buy-to-let mortgages
Start or expand your rental property portfolio with a Lloyds buy-to-let mortgage. Find out how to apply and explore our latest buy-to-let deals.
Call us to apply Opens in same tabFeatures and benefits
How to apply for a buy-to-let mortgage
Who can apply for a buy-to-let mortgage?
You could lose your property if you don’t keep up your mortgage repayments
The next steps on your buy-to-let journey
After submitting your application, you’ll need to think about the legal side of things and your responsibilities as a landlord.
Let’s look at the details
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Yes, you’ll usually find that buy-to-let mortgage rates and fees are higher than standard residential mortgages. But your monthly mortgage repayments might be lower if your deal is interest only, as you’ll only be paying the interest. Repayment mortgages are different – you pay back the loan and the interest.
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If you’re looking to buy a property and rent it out rather than live in it yourself, you’ll need a specific buy-to-let mortgage. Buy-to-let mortgages are usually interest only, so you’ll still need to pay the borrowed debt at the end of the term.
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You might be able to rent out your home on a temporary basis.
You’ll need to ask for our agreement, known as a consent to let or consent to lease. This might impact your mortgage rate and monthly repayments.
Learn more about letting your property with Lloyds.
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Yes, if you’d like to move your buy-to-let mortgage to Lloyds from a different lender, you can apply to remortgage. If your existing mortgage is fixed term, you might need to check for any extra fees or early repayment charges.
You could also remortgage to a buy-to-let from a residential mortgage if you’ve decided to rent out your property and live somewhere else.
Use the remortgage calculator.
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There are different regulations for residential and buy-to-let mortgages. Some conditions might say that you can’t live in the property if it’s intended for rental purposes. If you break this condition, your lender could ask you to repay the mortgage.
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You might be able to get a buy-to-let mortgage as a first-time buyer if you are applying with someone who is already a UK homeowner.
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No, you can’t use a buy-to-let mortgage to fund a holiday home or holiday let. A buy-to-let mortgage is for a property that will be rented out. Buy-to-let properties are designed for long-term tenancy agreements.
Instead, you could apply for a second home mortgage if you plan on buying a holiday home.
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Switch to a new deal
If you already have a Lloyds mortgage, it’s simple to set up your next deal.
Important legal information