Buy to let
mortgage calculator
mortgage calculator
Use our efficient calculator to determine how much you could borrow for a BTL property.
Getting started with our buy to let
mortgage calculator
Our free buy to let calculator gives you quotes for the best BTL mortgage interest rates for you, monthly repayments and lender fees using basic information such as property value, monthly rent, and how much you want to borrow. It’s an essential tool if you’re looking to purchase or remortgage an investment property.
Let’s find a buy to
let mortgage
Our easy-to-use buy to let mortgage calculator lets you find the best mortgage rate for you and tells you how much your monthly repayments will be. All you have to do is give us a few details.
Secure your buy to let mortgage in 5 steps
Step 1: Get an idea with our buy to let calculator
Use our calculator to get an idea of the type of mortgage rate you could secure. Submit a quote, and one of our BTL brokers will call you and complete a more in-depth search for you on our bespoke BTL mortgage sourcing system.
Step 2: Secure an agreement in principle (AIP)
Speak to one of our knowledgeable brokers next, as they’ll need some more information to ensure we can secure the most suitable deal and get you that all-important AIP.
An AIP, or decision in principle (DIP), gives you a solid idea of how much you can borrow, the type of mortgage interest rates you can access and whether a lender will accept your application at all.
We can help you secure an AIP, and once you’ve found a buy to let property to purchase you can also use it to show estate agents and vendors that you’re a serious and creditworthy candidate.
Step 3: Application process
Once you’ve found a property, we can start the formal buy to let mortgage application process. This is when we’ll need to collect documentation from you, including:
- 3-6 months of bank statements
- Proof of identity (ID) such as a valid passport or driver’s licence
- Proof of income
Once we submit to your chosen lender, an underwriter will review your application and a surveyor will value the property. If everything meets expectations, we’d expect the lender to issue your formal mortgage offer within 4 to 6 weeks from application.
Step 4: Conveyancing
With your mortgage offer secured, your solicitor can begin the necessary searches and legal paperwork. Your dedicated MFB Client Relationship Manager will stay in touch with them to make sure everything is proceeding smoothly and help resolve any issues should they occur. Your solicitor will let you know when to pay your deposit.
Step 5: Completion
Once you’ve paid your deposit and all the legal work is complete, your solicitor will instruct your lender to release the funds. Congratulations – you now own a new buy to let property!
Where to start with
buy to let mortgage
Frequently asked buy to let questions…
Do I need a buy to let mortgage to rent out a property?
How much deposit do you need for a buy to let mortgage?
What is the difference between a buy to let mortgage and a residential mortgage?
How are buy to let mortgages calculated?
What is a rent-to-interest (RTI) calculation?
What is top slicing?
How to compare BTL mortgage offers
How long should you borrow for?
Capital or interest-only repayments?
Should I get a fixed or variable rate?
How many buy to let mortgages can I have?
Meet your mortgage makers.
Talk to an expert
Have all the facts and figures you need to purchase or remortgage your home? Our experts will make the whole process easier for you! Give us a call or choose a convenient time for us to call you. Drop us an email or chat with a human on our live chat.