Buy to Let Mortgages in Hertfordshire
Buy to let mortgage help for landlords across Hertfordshire, from St Albans to Stevenage.
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
Hertfordshire has strong tenant demand from commuters and local employers, but prices and rents differ widely between towns, so returns vary. Lenders assess each purchase on the rent the property could earn.
We explain how buy to let works in different parts of the county and what to prepare before you apply.
Buy to let in Hertfordshire
In higher-priced places such as St Albans, the rent is often a smaller share of the price, so the rental coverage test can limit borrowing. In places such as Stevenage, Hemel Hempstead or Hatfield, the balance may be different. Because each lender uses its own test, the lender you choose can change how much you can borrow on the same property.
Student demand around Hatfield and the University of Hertfordshire leads some landlords to consider HMOs, and professional tenants in Watford and Welwyn Garden City look for flats near stations. HMO licensing and planning controls differ between councils, so check the position locally. If you are letting a property that you used to live in, you may need your existing lender’s consent or a change of mortgage, and we can explain the options.
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
Which Hertfordshire town gives the best rental return?
Returns depend on the property, the rent and your costs, and they change over time, so we would not name one town. We can help you test the figures for a property you are considering.
Do I need a licence to let a house to students near Hatfield?
Larger shared houses need a mandatory HMO licence, and councils may add further rules. Check with the relevant council before you buy.
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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