Mortgage Meadow / Mortgages / First time Buy-To-Let mortgages

First-time buyers, purchasing an investment property is becoming more common in today's sophisticated market. As a first-time buyer, it is very important that your first time buyer buy-to-let mortgage has both the right interest rate and terms.

At Mortgage Meadow our experts can search the whole mortgage market to ensure your first mortgage is suitable for your circumstances. So whether it is the lowest interest rate, the greatest flexibility or a combination of the two, our mortgage experts are here to ensure that we get the most suitable first time buyer buy-to-let mortgage deal for you.

First Time Buyer Buy-to-let mortgages differ from residential mortgages in that the amount the banks or building societiy will lend is typically assessed upon the expected rental income of the property rather than personal income. It is usual for no more than 85% of the purchase price to be available on a buy-to-let mortgage, meaning that you will need a minimum of a 15% deposit. Lenders may also impose other restrictions on applications for a first time buyer buy-to-let mortgage such as: having UK residency, being over 21 years old and being an existing homeowner. It is also expected that the property will be of a good standard, and will be easily rentable.

Usually the interest rates offered on first time buyer Buy to let mortgages will be slightly higher than residential mortgages. This is due to the view that Buy to let mortgages involve a greater risk than residential mortgages. Upfront fees will also be more expensive. This is because there is more work involved by lenders, solicitor and surveyor when the purchase involves a buy to let property rather than a residential owner-occupied property. First Time buyer Buy To Let investments have become very popular in the UK over the last five years or so, as house prices have increased and a borrower can see an increase in the value of their investment. Another reason for their popularity is the tax advantages that are available to first time buyer Buy To Let investors.

At Mortgage Meadow we have strong links with a large number of lenders putting you in a better position to secure a first time buyer buy to let mortgage than by you searching the market alone. We are experts, so can find you the most suitable mortgage to fit your circumstances. We can talk through deals with the decision-makers in person and explain to them your situation. Having this relationship with lenders means that they can take an individual view on your particular circumstances and may be more likely to agree the loan as a result.

For more information on first time buyer buy to let mortgages, please speak to one of our advisors now or use our online mortgage assistant to get a quote. You may also visit our help area which contains detailed information about buy to let property investment.

Your home may be repossessed if you do not keep up repayments on your mortgage.


In general Buy to Let mortgages are not regulated by the Financial Services Authority.