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Buy to Let Mortgage

More standard but always a great way to start any portfolio aspirations off, whether these be big or small!

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I’m a First-Time Landlord, any restrictions?

If you’re stepping into property investment for the first time, you’re likely wondering what’s different for a First-Time Landlord. As a trusted Buy to let mortgage Broker in Manchester, we’ve helped many people just like you get started on the right foot.

Are There Any Restrictions?

For a standard Buy to Let mortgage, most lenders prefer that you’ve owned your residential home for at least 6 months. That’s usually the main difference compared to experienced landlords. Other than that, the lending criteria for First-Time Landlords and experienced investors are broadly the same.

How Much Deposit Do I Need?

A 25% deposit is generally the sweet spot, enough to access competitive rates in today’s market. That said, if you’re able to put down more (say, 40% or even 50%), you could benefit from significantly lower interest rates. Smaller deposits may still be possible, depending on your circumstances.

Can the Deposit Come from a Gift or Loan?

Yes, it doesn’t always have to be from your own savings. While lenders usually prefer personal funds, many will accept gifted deposits (often from family) or even loans. We’ll guide you through which lenders are most flexible with this.

What’s the Maximum Loan-to-Value (LTV)?

LTV can go as high as 85%, but it’s worth noting that rates and lending terms tend to become less attractive at that level. We’ll help you strike the right balance between deposit size and monthly repayments.

I’m a Foreign Investor — Can I Still Apply?

Absolutely. Even if you don’t yet have a UK credit profile, many lenders are still open to providing Buy to Let mortgages. Just be aware that rates may be a little higher, but the opportunity is still very much there.

I Don’t Own Any Other Property — Is That an Issue?

Not at all. Many First-Time Buyers also become First-Time Landlords. While there may be a few more underwriting checks, we’ll walk you through them and make sure your application is well-prepared.

Need Expert Advice? Speak to a Buy to Let Mortgage Broker in Manchester

We offer tailored mortgage advice based on your individual goals. Whether you’re remortgaging, raising capital, or buying your first rental property, we’re here to help.

  • 1

    We will have a chat about your plans and goals.

  • 2

    You receive tailored recommendations, quotes & next steps.

  • 3

    We submit your application and manage everything to completion.
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Remortgaging to Raise Funds?

Lenders are typically flexible when it comes to capital raising, as long as the funds are used for a legal purpose. We’ll help you explore your options and find the best route forward.

Final Thoughts

Whether it’s a major portfolio purchase or a single flat in the city, we bring the same energy and commitment to every mortgage. Talking about finance might not sound exciting to everyone—but it’s what we love doing.

Let’s have a chat and find out what’s possible for you.

Registered in England and Wales No. 16065530

The Wright Mortgage Broker is an Appointed Representative of Connect IFA Limited 441505 which is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register:

https://register.fca.org.uk/s/ under reference 1023919.

The FCA do not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Ltd Companies.

The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

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

Typically there will be a fee for mortgage advice, the precise amount will depend on your circumstances which you will be made aware of before you choose to proceed, but typically this is £450.00.

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© 2025 The Wright Mortgage Broker Ltd

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Not all services we offer are covered by the FCA

Commission Disclosure: We are a credit broker and not a lender.  We have access to an extensive range of lenders.  Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation.  Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction.  The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender.  Commission paid to us may vary in amount depending on the lender and the product.  The lenders we work with pay commission at different rates.  However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.

It is our intention to provide you with a high level of customer service at all times.  If there is an occasion when we do not meet these standards and you wish to register a complaint, please write to: Compliance Department; Connect IFA Ltd, 39 Station Lane, Hornchurch, RM12 6JL or call 01708 676110.  If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service www.financial-ombudsman.org.uk

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