Buy to Let Mortgages in Brentwood
Buy to let mortgages for landlords and investors in Brentwood, Shenfield and the surrounding villages.
Rental income explained
How lenders test the rent against the mortgage
Personal or company
The options explained for both
One property or many
Help for landlords at every stage
Brentwood and Shenfield attract tenants who commute on the Elizabeth line, so rental demand can be strong. Purchase prices are higher than in many Essex towns, which affects how lenders see the rent compared with the loan.
We explain how buy to let affordability works, the choice between buying personally or through a company, and the costs to plan for.
Buy to let in Brentwood
Where prices are higher, the rent is often a smaller percentage of the price, which can limit the amount a lender will offer under its rental coverage test. You may need a larger deposit, or a lender whose criteria better suit the property. We help you test the figures before you make an offer.
Many landlords in the area hold one or two properties and are not full-time investors, and some have moved elsewhere and decided to let their former home. If you are letting a home you used to live in, your existing lender’s permission may be needed, and there are tax and insurance points to consider. Please take advice from a qualified tax adviser on how rental income is taxed.
How it works
Initial conversation
We talk about your plans, your income and any properties you already own.
Your options explained
We explain the mortgages that may suit you, and what we would recommend.
Agreement in principle
A lender gives an early indication of what it may lend. This can involve a credit check.
Application
We help you complete the application and provide the documents the lender needs.
Valuation, legal work and offer
The lender values the property and your solicitor carries out the legal work.
Completion
Funds are released and the purchase completes.
For the full guide, see our Buy to Let page.
Frequently asked questions
Can I let out my Brentwood home when I move?
Sometimes. Your current lender may give consent to let for a period, or you may need to switch to a buy to let mortgage. We can explain the options and the costs.
Is buy to let affordable in Brentwood given higher prices?
That depends on the property, the rent and your deposit. Lenders test the rent against the loan, so we can help you check the figures before you commit.
How much deposit do I need for buy to let?
It depends on the lender, but deposits are usually larger than for a residential mortgage. We will look at your position and what is likely to be available.
Can I buy through a limited company?
Many lenders offer mortgages to limited companies, often with different criteria. We can explain what is involved and which lenders may be suitable.
Important information
- Most buy to let mortgages are not regulated by the Financial Conduct Authority.
- Your property may be repossessed if you do not keep up repayments on your mortgage.
- Rental income is not guaranteed, and tax treatment depends on your circumstances and may change. Please take advice from a qualified tax adviser.
The information on this page is general and is not advice. Advice depends on your personal circumstances.
Buy to Let in other areas
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