Simon Nicholson

Expertly compared by Simon Nicholson

Products Updated January 24, 2021

Buy to Let Mortgages For People on Benefits

If you are in receipt of benefits payments and need a mortgage on a buy to let property our experts can help. They can assist with applicants who are unemployed, out of work or who dont have regular proof of income. Loans available on both a first and second charge mortgage basis.

Our Award Winning Buy to Let Experts can compare loan deals from over 16 approved Lenders. All credit types accepted:

Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on a loan or any other debt secured on it.

Questions? Call us on 0161 820 8099

1 providers expertly compared:

Lending Expert

Loan Amount
£10,000 - £1,000,000

Representative APRC
%

Loan Term
3 - 30 years

Loan Type
Buy to Let

Status
Homeowners & Tenants

Rated 4.8/ 5

All credit types

Our buy to let finance experts can help find you the best deals on both first and second charge loans. We can quickly compare the market to find you the cheapest rates from a wide range of lenders. Solutions for both good and bad credit applicants, the self employed, professional landlords and first time buyers. Simply request a quote here on the websites for a free no obligation quotation.

Read our customer and visitor reviews for this product:

Rating: 4.6 / 5 with 31 votes

Good for secured loans

by Abdul R

Good service for secured loans with a full brokerage service. Good panel of lenders to suit most customers.

Found the right mortgage I was looking for

by Mrs Dale

Had a very positive experience using the mortgage pages. Thankyou.

This mortgage product is ideal for applicants who are on benefits and who dont meet the requirements for mainstream lenders. Suitable for those who dont have proof of income, the unemployed or for applicants who are pensioners and have retired from employment.

What are the features and benefits?

Buy to let mortgage product for applicants who are on benefits

Benefit applicants are accepted with this lender

Benefit applicants are accepted with this lender

If you need to mortgage a buy to let and receive benefit payments or do not have adequate proof of income then this product is for you. Also, there is no proof of rental income is requirement, and the tenancy agreement (AST) can be used to evidence rental the rental income with no further proof required with this lender.

What type of properties is this mortgage suitable for?

This mortgage product is suitable for any property type including semi commercial properties, ex local authority houses, flats above shops, maisonettes and including High Rise, HMOs & Non Standard Construction properties. There is no minimum property valuation requirements with this lender and uninhabitable properties with no one living in them are also accepted.

Does the lender accept applicants with multiple buy to let properties?

Yes, this product is also suitable for portfolio landlords who own multiple property investments. Lending on this mortgage is available in England, Scotland and Wales with no minimum property value requirement.

Is there a minimum ownership period?

No, while some lenders will require you to have owned the property for at least 6 months, this is not the case with this lender. There is no minimum ownership time required and remortgage finance is immediately available.

There is no mortgage history required so First Time Buyers are considered.

Does this lender accept some adverse credit?

Yes, poor credit applicants are considered including people with CCJ’s (county court judgements), IVA’s, missed payments, account defaults, discharged bankrupts, and applicants with a low credit score. No credit scoring is required for this application which means there is no requirement to undergo a credit check.

What are the product details?

  • Mortgages from £10,000 – £1,000,000
  • Up to 75% loan to value.
  • Adverse credit and low credit score accepted
  • First and second charge loans available
  • Ex-pats landlords are accepted
  • Any legal purpose including tax bills and purchase other properties and deposits
  • Equitable charges available
  • Capital and interest only available
  • Up to age 80 at application
  • No credit scoring, which means no need for a credit check
  • Unemployed applicants OK

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