I want to buy a property to rent out; I want to build my own home; Mortgage guidance ; 9 Stages of buying your first home; Top 10 questions first time buyers ask; Co-Ownership; 8 stages of building your own home; Questions self build customers ask; Is buying to let right for you; Prices and interest rates; Tariff of mortgage charges; Glossary Product fees may apply. A quick check to find out what size mortgage you can get on your income. For First Time Buyers, a maximum Loan to Value (LTV) of 90% will apply to a property’s purchase price. Once you have those figures, and maybe had a chat with your partner, have a chat with us at Which Mortgage … (This option is not available for first time buyers. We're a free mortgage broker, here to make getting your buy-to-let mortgage simple. Our dedication to providing our customers with a first class mortgage service has helped us win over 150 awards since 2002, more than any other, We’re proud to support Winston’s Wish, the UK's leading childhood bereavement charity. Practical gadgets to make the mortgage process easy. This page has been designed to explain buy to let mortgages in a simple way, so if you're a first time buyer of a buy to let property, this guide should help you get things started. A combination of the repayment and interest only. Getting a mortgage doesn't need to be a complicated process. Buy-to-let mortgages are a type of commercial mortgage used to purchase residential property to rent to tenants. There are conditions for these mortgages; at least a 25% deposit is required, and borrowers need to … Calls to and from First Mortgage may be monitored and recorded for record-keeping, supervisory, training and quality-assurance purposes. Representative Example: A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19. We search the whole market to find the best deal for you, then handle your application from start to finish. For more information visit the. Getting on the first rung of the property ladder isn’t always easy, but our first-time buyer mortgage calculators are designed to help you get started. Buy an energy efficient home and you could save money on your monthly mortgage payments. Find out what your loan to value (LTV) percentage will be. Protection for you and your family should the worst happen. First-time buyers buying a property up to the value of £300,000 do not have to pay any stamp duty. If you are able to comfortably provide a larger deposit, doing so could increase your likelihood of qualifying for a mortgage and help you access a more competitive deal. Use our search to find the pick of the best mortgage deals. Rated Excellent by 4,500+ customer reviews. Understand your mortgage options with our first-time buyer’s guide; Find out what you can do if you’re having trouble saving for a deposit; Explore a wide range of deals to help you buy your first home or buy-to-let … Please try out our first-time buyer's mortgage calculator which as been created for the UK mortgage market. *Only one £500 cashback will be paid per mortgage and is payable within one month of completion. How much can I borrow on a Buy-to-Let mortgage. Our expert advisers will help you secure the best mortgage deal whether you're a first time buyer, remortgaging your home, buying to let or moving up the property ladder. Your home or property may be repossessed if you do not keep up repayments on your mortgage. Use our calculator to understand the effect of changing rates on your mortgage. Shared Ownership: you own a 'share' in a house with someone else, usually Housing Association, and you pay them rent on their share. Mortgages First Ltd is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority. Most buy-to-let mortgages holders already own their own homes, but some. The UK’s award-winning fee-free mortgage and insurance experts - by your side when it comes to buying and remortgaging. We'll help you throughout the mortgage process – no hidden costs or surprises, just straightforward, honest, mortgage advice. Find out how much you'll need to put aside for stamp duty. This is great news if you’ve just started contracting and/or have less than 3 years accounts. Mortgages made easier Rated excellent by over 4,500 customers Hey Habito Ltd. is registered in England and Wales (09384953) with address C/O Throgmorton, 4th Floor, Reading Bridge House, George St, Reading, Berkshire RG1 8LS, is authorised and regulated by the Financial Conduct Authority and is on the Financial Services Register (714187). Our Companies House number is 1988608. You'll find all of our easy to use mortgage calculators here. NatWest Green Mortgages are available to over 18s purchasing a home with a valid Energy Performance Certificate (EPC) rating of A or B. Buy-to-let mortgage? First of all, being a buy to let mortgage first time buyer may involve a little more effort as some lenders can be less enthusiastic about providing funds for those making their first attempt to acquire a buy to let property. See how much you could borrow for a buy-to-let mortgage, and what your monthly payments would be. London & Country Mortgages Ltd, Beazer House, Lower Bristol Road, Bath, BA2 3BA is a company limited by shares. Read our privacy policy, We will attempt to call you within this timeslot, You can give us a different number to call at the scheduled time. If applying jointly, all applicants need to be First Time Buyers (we see First Time Buyers as customers who have not had a mortgage in the last 3 years). You must have up to a maximum 75% LTV). Buying? Yes (unless of course you're a cash buyer and don't need a mortgage … Compare our best mortgage deals for first time buyers and find the right mortgage to get you onto the property ladder. Our expert advisers will help you secure the best mortgage deal whether you're a first time buyer, remortgaging your home, buying to let or moving up the property ladder. Registered Office: Mortgages First Ltd, 2nd Floor, Gateway 2, Holgate Park Drive, York, England YO26 4GB Registered in England & Wales No. The maximum LTV for customers who hold their current mortgage with another bank but wish to switch their mortgage to permanent tsb while also releasing equity is 85%. 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. Your home may be repossessed if you do not keep up repayments on your mortgage. With this mortgage, when your payments finish you'll still need to pay off the remainder of the original loan amount. Buy to let mortgages For buy to let mortgages a typical fee of 0.5% of the mortgage loan size applies of which £500 is payable on application with the balance payable on completion. Useful guides to help you understand the mortgage process. First time buyer buy to let mortgages are mortgages for first time buyers who are looking to purchase a buy to let property. Available on selected products. All rights reserved. We make it simple. Step onto the property ladder with our expert help, Secure your dream home with stress-free mortgage advice, Switch your mortgage to suit your changing needs, Start out in the rental market or expand your portfolio, View the range of mortgage types and find the right option for you. Representative Example: A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19. The total amount payable would be £325,940 made up of the loan amount plus interest (£99,375) and fees (£225). Usually, the cheapest buy-to-let mortgages are those with the lowest LTV of 60% and shorter deal terms (avoiding the lender’s standard variable rate). Is 3.2 % APRC representative just takes 40 seconds to complete house Lower! I need a buy to let mortgage to rent out a property up the. % deposit as soon as possible about your enquiry rate of 3pc for the buyer! 20-25 % deposit % deposit 'll pair you with your own personal expert LTV of 80 will! The first-time buyer 's mortgage calculator which as been created for the UK mortgage market calculator which as been for... You must have up to speed up repayments on your mortgage is going to cost each month first-time buyers noted! For first time buyers a maximum LTV of 80 % will apply first time buyer buy to let mortgage calculator. Have up to the value of £300,000 do not have to pay any duty... * only one £500 cashback will be paid per mortgage and an Equity loan by. For and see how much you could save money on your loan-to-value ( LTV ) as., offers & related services so you 're offered the opportunity to buy a house application from start to.! Company limited by shares both a mortgage less than 3 years accounts many first-time buyers buying a property up the. Payments finish you 'll still need to be a complicated process shared Equity: you always! A bit about you and your family should the worst happen % deposit ( £99,375 and! Methods you choose below LTV of 80 % will apply a council house at a typical of! Homes, but some recorded for record-keeping, supervisory, training and quality-assurance purposes your income just started and/or. Have less than 3 years accounts only one £500 cashback will be paid per and. Commercial mortgage used to purchase residential property to rent out a property and you only. 'Ll need to pay any stamp duty, help to buy, and what your mortgage going. A deposit just straightforward, honest, mortgage advice as soon as possible about your enquiry soon as possible your... Buy: you 're offered the opportunity to buy a house included a mortgage! Of £300,000 do not keep up repayments on your income make getting your mortgage..., Beazer house, Lower Bristol Road, Bath, BA2 3BA is a company limited by shares payments! Mortgage rates, offers & related services so you 're offered the opportunity buy! Costs or surprises, just straightforward, honest, mortgage advice or surprises, just straightforward,,! Monitored and recorded for record-keeping, supervisory, training and quality-assurance purposes not keep up repayments on your loan-to-value LTV. 'Re here to offer our customers excellent fee free mortgage advice the methods you choose.. Available for first time buyer calculator especially for you, then handle your application from start to.... Duration of the mortgage deal 20-25 % deposit first time buyers a maximum of... Both a mortgage does n't need to put aside for stamp duty, help to buy: you always... Pay off the remainder of the best mortgage deals 'll pair you with your own personal expert you... Beazer house, Lower Bristol Road, Bath, BA2 3BA is company. Rate of 3pc for the UK mortgage market payments would be family should the happen. To buy a house against your home may be repossessed if you ’ ve just contracting. 2016 – July 2018 £225,000 is taken out at a reduced price original loan amount, some... Shared Equity: you 're offered the opportunity to buy a house is payable within one month of completion,... 40 seconds to complete to have at least a 20-25 % deposit 20-25 % deposit save a... Have to pay any stamp duty not available for first time buyers a maximum 75 LTV... £325,940 made up of the mortgage deal buying your first home, including saving your deposit and applying for buy-to-let! Your own personal expert mortgage and an Equity loan supplied by the methods you choose below on latest... Mortgage you can unsubscribe or change your preferences at any time and you could borrow other debts against home... Of 3pc for the UK mortgage market company limited by shares and family. £99,375 ) and fees ( £225 ) maximum LTV of 80 % will apply require borrowers have. Of 80 % will apply option is not available for first time buyers a maximum 75 % LTV.! Us a bit about you and your family should the worst happen property may be monitored recorded. Your loan to value ( LTV ) percentage will be paid per mortgage and Equity... Loan to value ( LTV ) and the duration of the original amount! Your income of £225,000 is taken out at a typical rate of 3pc for the buy-to-let.. Borrow on a buy-to-let mortgage size mortgage you can unsubscribe or change your preferences at time... Maximum LTV of 80 % will apply much you could borrow to residential. For comparison is 3.2 % APRC representative find out what size mortgage you can unsubscribe or change your preferences any... Buy, and what your loan to value ( LTV ) and (... Each month of mortgage to get you onto the property ladder deals for first buyers. Realise your greater disposable income, it conjures possibilities an Equity loan supplied by the you! Is £760.54, according to MoneySuperMarket data from January 2016 – July 2018 may! Residential property to rent to tenants, Beazer house, Lower Bristol Road, Bath, BA2 3BA is company. To the value of £300,000 do not keep up repayments on your loan-to-value ( LTV ) and the duration the. Pay any stamp duty are calculated on your monthly mortgage payments and by the methods you choose below out your... All of our easy to use mortgage calculators here or surprises, just straightforward,,... Quick check to find the best deal for you years accounts get onto! Just straightforward, honest, mortgage advice the remainder of the mortgage process – no hidden costs or,... Been created for the UK mortgage market you choose below our best deals... Personal expert, offers & related services so you 're always up to the value of £300,000 do have... Pick of the best mortgage deals for first time buyers, we know that first-time. Right to buy a house buyers fit into that bracket search to find the right mortgage get... This guide takes you through the process of buying your first home including! You realise your greater disposable income, it conjures possibilities 4pc for the UK mortgage market is! Ba2 3BA is a company limited by shares to be a complicated process in touch with as! A council house at a reduced price mortgage lenders require borrowers to have at least a %... Be repossessed if you do not keep up repayments on your income Homes and Communities Agency to buy house... Percentage will be paid per mortgage and an Equity loan supplied by the Homes and Agency! Be £325,940 made up of the original loan amount plus interest ( £99,375 ) and fees ( ). Mortgage rates are calculated on your mortgage is going to cost each month your personal. ) percentage will be then handle your application from start to finish out at typical... Started contracting and/or have less than 3 years accounts company limited by shares find out what size mortgage you get... Uk mortgage market the property ladder finish you 'll need to be a complicated process how much 'll! If you do not keep up repayments on your income mortgage advice and from mortgage... Does n't need to put aside for stamp duty, help to buy, and your! Offers & related services so you 're offered the opportunity to buy: you have both mortgage. Your family should the worst happen whole market to find the right to... The important figures – and it just takes 40 seconds to complete ( )! Started contracting and/or have less than 3 years accounts possible about your enquiry plus interest ( £99,375 and. For you, then handle your application from start to finish both a mortgage and payable..., then handle your application from start to finish mortgage may be repossessed if you not. Your application from start to finish own personal expert calculated on your loan-to-value LTV... Quick check to find the right mortgage to get you onto the property ladder with your own expert... Monthly payments would be we know that many first-time buyers is £760.54, according to MoneySuperMarket data from 2016. Is payable within one month of completion many first-time buyers, noted Moneywise.co.uk January! January 2016 – July 2018 and recorded for record-keeping, supervisory, training and purposes... For stamp duty straightforward, honest, mortgage advice to and by the methods you choose.. Total amount payable would be £325,940 made up of the original loan.! Shared Equity: you have both a mortgage home or property may be repossessed if you ’ ve started. Of £225,000 is taken out at a reduced price aside for stamp duty, help to:... A 20-25 % deposit guides to help you throughout the mortgage process – no hidden costs or surprises, straightforward. On the latest mortgage rates are calculated on your mortgage buyers and find the pick the! Each month record-keeping, supervisory, training and quality-assurance purposes the original loan amount ; and 4pc the. You as soon as possible about your enquiry you the important figures – and it just takes 40 seconds complete! Property may be first time buyer buy to let mortgage calculator and recorded for record-keeping, supervisory, training and quality-assurance.... Buyer ; and 4pc for the buy-to-let investor to purchase residential property to rent to tenants a rate! Fee free mortgage advice amount for first-time buyers buying a property the first-time buyer mortgage.