Simon Nicholson

Experly compared by Simon Nicholson

Products Updated June 19, 2018

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Secured Loans For Buy to Let Property

Landlords get the best deal on secured loans from our award winning experts. They will search and compare the marketplace to bring you the lowest rates that match your needs. All credit types accepted from a wide range of second charge lenders. You wont find a better deal going elsewhere.

Homeowners - Our award winning experts can compare the cheapest loan deals from over 19 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

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All credit types
Rated 5.0/ 5

Smart Money Why?
Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Loan Amount
£3,000 - £1,000,000

Representative APRC
From 3.9%

Loan Term
3 - 35 years

Loan Type
Residential
& Buy to Let

Status
Homeowners Only
Max LTV 100%

Award winning broker of the year Smart Money have made it to the top of our list as our No 1 recommended provider for homeowner loans. Smart Money are not available direct to the public and so we are very pleased to be able to offer them here via Lending Expert.

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All credit types
Rated 5/ 5

Paragon Bank

Loan Amount
£20,000 - £500,000

Representative APRC
3.9 - 8.8%

Loan Term
5 - 25 years

Loan Type
Residential
& Buy to let

Status
Homeowners Only
Max LTV 85%

Second charge mortgages for homeowners in England, Wales and Mainland Scotland. We work hard to make sure we have a wide range of loans to meet our customers' needs. Get a quote today for a personal illustration from our award winning broker.

Representative Example

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All credit types
Rated 5/ 5

Together Money

Loan Amount
£3,000 - £1,000,000

Representative APRC
6.65%

Loan Term
3 - 30 years

Loan Type
Residential
& Buy to Let

Status
Homeowners Only
Max LTV 77.5%

If you need to raise funds, for example, to make home improvements or get on top of your debts, and you have existing equity in your home, a secured loan could be the right option. Get a quote today for a personal illustration from our award winning broker.

Representative Example

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All credit types
Rated 5/ 5

West One

Loan Amount
£10,000 - £500,000

Representative APRC
5.49%

Loan Term
3 - 25 years

Loan Type
Residential
& Buy to Let

Status
Homeowners Only
Max LTV 85%

West One offers an extensive range of second charge mortgage solutions that can be secured on buy-to-let properties, including unregulated buy-to-lets as well as regulated consumer buy-to-lets. Get a quote today for a personal illustration from our award winning broker.

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All credit types
Rated 5/ 5

Shawbrook Bank

Loan Amount
£10,000 - £500,000

Representative APRC
5.9 - 13.6%

Loan Term
3 - 25 years

Loan Type
Residential
& Buy to Let

Status
Homeowners Only
Max LTV 90%

If you’re paying out for a number of different loans or credit cards, a debt consolidation loan from Shawbrook Bank could save you money every month in interest. Get a quote today for a personal illustration from our award winning broker.

Representative Example

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All credit types
Rated 5/ 5

Masthaven Bank

Loan Amount
£10,000 - £500,000

Representative APRC
5.9 - 9.8%

Loan Term
5 - 35 years

Loan Type
Residential
& Buy to let

Status
Homeowners Only
Max LTV 75%

We were the first new bank to be awarded a banking licence in 2016. However, we’ve been providing a flexible and personalised approach to secured lending since 2004. Get a quote today for a personal illustration from our award winning broker.

Representative Example

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All credit types
Rated 5/ 5

Prestige Finance

Loan Amount
£10,000 - £2,500,000

Representative APRC
5.9 - 11.1%

Loan Term
3 - 25 years

Loan Type
Residential
& Buy to Let

Status
Homeowners Only
Max LTV 90%

Prestige Finance has been providing loans for over 30 years to UK residents and is a specialist in providing second charge loans. Prestige Finance is a wholly owned subsidiary of OneSavings Bank Plc. Get a quote today for a personal illustration from our award winning broker.

Representative Example

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All credit types
Rated 5/ 5

United Trust Bank

Loan Amount
£10,000 - £125,000

Representative APRC
5.9 - 10.1%

Loan Term
3 - 30 years

Loan Type
Residential
& Buy to let

Status
Homeowners Only
Max LTV 85%

United Trust Bank’s highly skilled and experienced specialised mortgage team offers innovative lending products through a panel of approved introducers. Get a quote today for a personal illustration from our award winning broker.

Representative Example

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All credit types
Rated 5/ 5

Optimum Credit

Loan Amount
£5,000 - £500,000

Representative APRC
4%

Loan Term
3 - 25 years

Loan Type
Residential
& Buy to Let

Status
Homeowners Only
Max LTV 85%

We offer a straightforward, customer friendly approach, both during your application process and after completion of your second charge mortgage. Get a quote today for a personal illustration from our award winning broker.

Representative Example

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Poor Credit
Rated 4/ 5

Spring Finance

Loan Amount
£10,000 - £150,000

Representative APRC
Enquire%

Loan Term
3 - 35 years

Loan Type
Residential
& Buy to Let

Status
Homeowners Only
Max LTV 60%

We are a specialist provider of residential Second Charge mortgages lending to customers who are unable to obtain finance from traditional high street lenders. Get a quote today for a personal illustration from our award winning broker.

Learn More Available via broker only
All credit types
Rated 5/ 5

Central Trust

Loan Amount
£3,000 - £250,000

Representative APRC
11.4 - 12.6%

Loan Term
3 - 30 years

Loan Type
Residential
& Buy to Let

Status
Homeowners Only
Max LTV 75%

We’re an independently owned specialist secured loan lender in the UK and are part of the Norfolk Capital Group of companies that have been providing secured loans since 1988. Get a quote today for a personal illustration from our award winning broker.

Representative Example

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All credit types
Rated 5/ 5

Clearly Loans

Loan Amount
£5,000 - £100,000

Representative APRC
11.3 - 21.2%

Loan Term
1 - 20 years

Loan Type
Residential
& Buy to Let

Status
Homeowners Only
Max LTV 100%

We aim to make the process of taking out a secured loan as clear and transparent as possible. All our loans are secured on residential property by way of a second charge. Get a quote today for a personal illustration from our award winning broker.

Representative Example

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All credit types
Rated 5/ 5

Norton Finance

Loan Amount
£3,000 - £70,000

Representative APRC
9.1 - 12.3%

Loan Term
1 - 20 years

Loan Type
Residential
& Buy to Let

Status
Homeowners Only
Max LTV 75%

Borrow from £3,000 to £500,000 over 1 to 25 years. We’ll find the most affordable rates to suit you and give you a no-obligation quote that won’t show up on your credit report. Get a quote today for a personal illustration from our award winning broker.

Representative Example

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All credit types
Rated 5/ 5

Step One Finance

Loan Amount
£5,000 - £500,000

Representative APRC
9.5 - 22.9%

Loan Term
5 - 30 years

Loan Type
Residential
& Buy to Let

Status
Homeowners Only
Max LTV 95%

Our homeowner loan products are available to qualifying homeowners and owners of Buy-to-Let properties in England, Scotland and Wales with loan amounts available up to £150,000. Get a quote today for a personal illustration from our award winning broker.

Representative Example

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All credit types
Rated 5/ 5

1st Stop Homeloans

Loan Amount
£5,000 - £50,000

Representative APRC
22.83%%

Loan Term
3 - 25 years

Loan Type
Residential
& Buy to Let

Status
Homeowners Only
Max LTV 70%

Here at 1st Stop Home Loans we offer secured loans from £1,500 to £50,000 (subject to your personal circumstances) to new and existing customers. Get a quote today for a personal illustration from our award winning broker.

Representative Example

>> FREE Secured Loan Quote From Our Experts At Smart Money

Our award winning experts at Smart Money can search and compare 19 lenders from the market to find you the cheapest and best deal to match your financing needs. Quotes and personal illustrations are free from their Cemap qualified advisors.

What you need to know about secured loans on buy to let properties

Secured loans are available on buy to let investments

Secured loans are available on buy to let investments

If you have equity tied up in a buy to let property and you are looking to expand your portfolio then there are a couple of different options you can potentially use. There is the traditional secured second charge loan, but there is now also a new ‘top up’ mortgage loan that is available if your financial circumstances permit it.

Why take out a secured loan on your rental property?

The main reason you would want to take out a secured loan on a buy to let property would be to use it as a deposit for another buy to let property so that you can grow your portfolio. These secured loans are also known as ‘second charge’ loans as they are the second loan that you will have against that particular property, with your mortgage being your first charge loan. These loans allow you to take out a secured loan of up to 75% of the value of the property, using the property as security for the loan. This is probably the easiest way for you to generate a deposit for your next buy to let property, but make sure that you keep a close eye on your finances and ensure that you are able to meet the repayments on both of the loans as otherwise you will find yourself getting into difficulties.

Things you should think about before you take out a secured loan

If you have a high loan to value ratio on your buy to let property you will need to do some careful financial calculations before you start to consider taking out a loan to provide a deposit for a another property. To ensure that you know exactly what your options are in terms of loan amounts and the interest rates you will have to pay on your loan.

Loan Calculator – how much will it cost?

This calculator will give you an idea of costs. The exact amount and APR payable will be provided from the lender subject to credit and affordability checks.

Your monthly payment will be:

£136.90

Interest on this loan will be:

£714

Annual Percentage Rate (APR):

3.7%

Total repaid will be:

£8,214

The ‘top up’ mortgage option

In addition to the traditional secured loan there is also now the option of taking out a top up mortgage loan. This allows you to borrow up to 20% of the value of your property as long as the combination of your mortgage and your loan does not exceed 85% of the total value of the property. This works in a different way to a standard secured loan in that you don’t actually pay any interest on the loan for the term of the loan, but at the end of the loan you repay the loan plus a relatively complicated calculation relating to the increase in value of the property that you then pay to the lender as a form of interest. This is a very popular option.

Questions? If you’re unsure which buy to let secured loan is right for you or you need some guidance on secured loans then speak to our BTL experts on 0161 820 8099.
Their friendly advisors will be happy to discuss which options are available and to answer any questions you may have.

 

FAQ's

Do I require proof of income?

No. We can still help secured a loan against you buy to let even if you have no proof of income.

Is there a minimum property valuation?

No.

Does my BTL property have to be lived in?

No, loans can be secured against property that is uninhabitable.

What proof of rental income is required?

Your tenancy agreement (AST) can be used to evidence rental income on your buy-to-let with no further proof required.

What is the maximum loan to value?

The maximum is 75% loan to value on buy to let property. However, for none BTL this can rise to up to 95% from some lenders.

Can you accept applications from ex-pats?

Yes many lenders will accept ex-pat landlords.

What is the maximum age limit?

80 years of age depending on the lender.

Do you accept adverse credit applicants?

Yes. If you have adverse credit then there are a selection of lenders who are willing to lend against your buy-to-let. Interest rates will be higher, however borrowing options do exist.

Can I get a buy-to-let loan on my Limited Company?

Yes. Buy to let secured loans are available within Limited Companies (LTD's).

What is the minimum loan value?

£10,000 for buy-to-let application.

What type of property can a loan be secured against?

Loans can be secured on houses including ex-council, flats and maisonettes including High Rise, HMOs & Non Standard Construction.

Is adverse credit accepted?

Yes, some bad credit issues are accepted including CCJ's IVA's, missed payments, defaults, bankruptcy.

Are secured loans available for the self employed?

Yes - buy to let second charge loans are available for self employed applicants with or without proof of income. Some lenders also do not require a credit check.

We are independently reviewed by our verified customers and web users:
Rating: 4.6 / 5 with 25 votes

Lending Expert is a credit broker and comparison website, we're not a lender.

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