Are you thinking about investing in a buy-to-let property or expanding your existing property portfolio?
A buy-to-let mortgage* is for landlords who want to buy property to rent out to tenants rather than personally living in the property. You may need a larger deposit than a regular mortgage, and the interest rates can typically be higher.

*Please note that some forms of Buy-to-Let mortgages are not regulated by the FCA

Helping you every step of the way

Search thousands of products to find the best deal for you
Help you understand the costs involved with purchasing your home
Prepare your application so lenders are more likely to consider you
Liaise with your lender, solicitor, and surveyor, so you don't have to
Take care of all the paperwork, leaving you to focus on your move
We communicate to always keep you in the picture

Answering your frequently asked questions

With so many options to consider, it can seem very confusing. So, to help you out we've answered some of your most common questions. For more specific advice about the options available for your circumstances, why not get in-touch with one of our friendly advisors.

What is a buy-to-let mortgage?

A buy to let mortgage is designed for those who wish to invest in property and rent it out to someone else.

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

You'll generally need a deposit that covers at least 25% of the value of the house. As per a standard residential mortgage, the larger the deposit you put down, the better the rate you'll be able to obtain.

Lenders will also consider your current portfolio when assessing your affordability as well as any previous history of obtaining and paying off any buy-to-let mortgages.

What types of buy-to-let mortgages are there?

You can either choose an interest-only or repayment mortgage. Most landlords tend to choose interest-only buy-to-let mortgages, as this helps to keep payments lower. However, you can also choose a buy-to-let repayment mortgage if you prefer to pay off the capital each month, but be aware that your monthly repayments will be higher.

Are there any restrictions with a buy-to-let mortgage?

Landlords are not permitted to live in their buy-to-let property without permission from their lender. If a landlord decided they wanted to live in their rental property they would most likely need to switch to a different mortgage product.

Why choose Oviso?

We not only search the market for the best rates we also complete all the admin and form-filling. We always communicate rather than waiting for you to contact us, we pride ourselves in staying in touch both with you and the lender to ensure the process moves forward in a timely fashion.

Do Oviso charge a fee?

Our initial advice is completely free. However, we typically do charge a fee of £295, which is only payable on offer or completion.


Mortgage calculator

Our simple mortgage calculator can help you to calculate your LTV (loan to value) and what your likely mortgage repayments will be. Remember, you will need to allow for other costs such as stamp duty, solicitor fees and moving expenses.

Cost of property
Enter the purchase cost of the property
Your deposit
Enter the deposit amount. The minimum for a house is usually 10% of the property's value.
Mortgage term
Enter the number of years you want to pay your mortgage over (between 1-35 years) If you already have a mortgage then enter the number of years you have remaining on your mortgage.
Mortgage interest rate
Enter the mortgage interest rate.
Mortgage amount
Monthly repayments
Loan to value (LTV)

There will be additional fees that you'll need to include within your house purchase budget

Examples may include: Solicitor fees, Broker fees, Conveyancing fees, Mortgage fees, Stamp duty.

If your mortgage is a fixed rate, your payments will remain the same for the deal period, but could increase at the end of the deal period.

For a more detailed summary of your house purchase costs, it's advisable to discuss the options available to you for your circumstances with a qualified mortgage advisor.

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