Buy to Let Mortgage Calculator FAQs

Is the buy to let mortgage calculator accurate?

The buy to let mortgage calculator offers a helpful estimate based on your rental income and property value, but it’s only a guide.

Lenders take additional factors into account, such as your credit history, personal income, and overall financial situation, which the calculator can’t assess fully.

To get a more accurate figure and access to the best mortgage deals, it’s recommended to speak with a mortgage broker like us.

We can help you navigate the complexities of buy to let mortgages and find a solution tailored to your investment needs.

How do interest-rates affect my mortgage payments?

Interest rates play a crucial role in determining your monthly mortgage payments, especially for a buy to let mortgage.

Higher interest rates increase the cost of borrowing, meaning your monthly payments will be higher, which can reduce your rental yield

If you have a tracker or variable rate mortgage, your payments will fluctuate based on changes to the Bank of England’s base rate.

For stability, many landlords opt for fixed-rate buy to let mortgages, locking in their payments for a set period.

Speaking with a mortgage broker can help you explore the best rates available for your buy to let investment.

How is my loan value over time worked out?

Your loan value decreases over time as you make your monthly mortgage payments, with each payment contributing towards both the interest and the loan balance (the principal).

The speed at which the loan decreases depends on the type of mortgage you have. With a repayment mortgage, each payment gradually reduces both the interest owed and the principal, so your loan balance decreases steadily.

With an interest-only mortgage, you’re only paying the interest each month, meaning the loan balance remains unchanged until you repay the capital in full at the end of the term.

How much can I borrow for a mortgage?

Your loan value over time is determined by several factors, including the type of mortgage and how much capital you repay each month

For a buy to let mortgage, if you choose an interest-only deal, your loan amount will remain the same until the end of the term, as you only pay the interest each month.

With a repayment mortgage, each monthly payment reduces both the capital and interest, meaning your loan balance decreases over time.

To understand which option suits your long-term property investment goals, speaking with a broker can provide tailored mortgage advice.

How much deposit do I need for a buy to let mortgage?

For a buy to let mortgage, most lenders typically require a minimum deposit of 25% of the property’s value, though this can vary based on your circumstances and the lender’s criteria.

Some may ask for as much as 40%, especially if you are looking for better interest rates or have a more complex financial situation.

A larger deposit can help you secure more favourable terms.

Speaking with a mortgage broker can help you explore your options and understand how much deposit you’ll need based on your investment goals.

Should I use a mortgage broker?

Using a mortgage broker for your buy to let mortgage is highly recommended.

Mortgage brokers like us have access to a wide range of lenders, including specialist buy to let deals that may not be available directly to landlords.

We can help you navigate the often complex requirements, such as rental income calculations and affordability assessments.

By working with a broker, you’ll save time and have a better chance of securing a competitive rate, while ensuring the mortgage suits your investment strategy.

Our Customers Love Us

4.98 Rating271 Reviews

Mr Devmith

Daniel was very knowledgeable, friendly and took the time to speak with me and take my point of view into consideration as well. Definitely a return customer!

1 week ago

Joan

Great service

1 month ago

Anonymous

Great company, I have been working with them across many years fo me two properties (a residential mortgage and a buy-to-let), remortgaging many times and always getting sensible advice. In the end they save you a lot of money and time.

1 month ago

Anonymous

Really listened and understood what I needed from my insurance, and did a good job finding something aligned with my price point. I felt they had an in-depth understanding of the market, and used this information to provide me with a tailored...

1 month ago

Mr James

Daniel was brilliant start to finish. Professional, thorough and most of all very patient and accommodating. Reassured me all the way and ensured I'll 100% be using his services again. I hope his hard work is appreciated in the company, thanks very...

1 month ago

Kelly

Best company to use!! Tom and stacey have been amazing! Has a first time buyer I wasn't sure of much of the mortgage process. Tom explained everything to me in terms I would understand and has been great in keeping me up to date. Stacey has carried...

2 months ago

Anna

Chris has been absolutely fantastic walking us through the process of buying our home as clueless first time buyers! All questions were answered promptly and we were able to have evening meetings with him to work around our working hours. Chris has...

2 months ago

James

Extremely helpful and informative

2 months ago

Anonymous

Answered all my questions and very worry free

2 months ago

Miss Megan

I came to Moneyman for help with my first home purchase. Jason and the team went above and beyond to answer every question I had, as well as break down every step that I needed to take with care and professionalism. All correspondence was answered...

2 months ago

Mr Paul

Would highly recommend Leedsmoneyman, have used them every time since securing our mortgage first time around. Lewis Davidson & Daniel Dunning-Hornby have been especially helpful and always on hand when needed

3 months ago

Lisa

Always on hand

3 months ago

Adam

Really quick & helpful

3 months ago

Arvind

As ever, we've had a great experience. Daniel was patient with all our queries and clear in his response. Thank you.

4 months ago

Jahanzaib

Very happy with mortgage deal very good and professional

6 months ago

Samantha

I've used the twice now and they have been exceptional each time. Have also recommended to friends and family, who have had a great service. Completely smooth and seamless process, friendly staff, great communication. Couldn't ask for more.

6 months ago

Jahanzaib

Very happy with service and the mortgage deal provided by Leeds moneyman

6 months ago

Jamie

Chris and Kerry were fantastic, really helpful throughout the whole process. Very friendly and informative. Would highly recommend.

7 months ago

Amy

Great broker company. Chris and Kerry were amazing. They were always on hand to help us and chased our solicitors and calmed us when things weren’t going the way it should. We can’t thank them enough.

8 months ago

Chris

Jason and Jo were very helpful and supportive all the way through the process. They provided me with great support from a mortgage point of view and a mental health point of view (they answered all my worries in a timely manner). I would 100%...

8 months ago