Jason Bailey

Expertly compared by Jason Bailey

Products Updated June 24, 2019

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.

1 providers expertly compared:

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All credit types
Rated 4.8/ 5

Smart Money Why?

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


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

Loan Amount
£10,000 - £1,000,000

Representative APRC

Loan Term
3 - 30 years

Loan Type
Buy to Let

Homeowners & Tenants

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 and buy to let loans. They are independent and have access to the major lenders in the market. All quotes are free and without any obligation.

Read our customer and visitor reviews for this product:
Rating: 4.6 / 5 with 30 votes
Found the right mortgage I was looking for
by Mrs Dale

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

Secured loan quote
by Sarah Hinde

Received a secured loan quote and found the website very simple and easy to use. Would be happy to use again.

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.

>> Get a Quote on This Product Today From Smart Money

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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