What if I can’t raise the deposit amount?

If you’re unable to afford the deposit, you may want to consider hunting for a buy-to-let in a higher-yielding location, or seeking out a 5-year mortgage deal with a mortgage broker such as SPV Company Mortgages.

Theoretically, you may be able to pay the deposit via a bridging loan – in fact, this is a common tactic for auction purchases – but keep in mind that interest costs for these are usually higher than typical mortgage loans.

What’s my next step?

Once you know how much you’ll need to provide as a deposit and how much stamp duty you’ll need to pay, the next step in evaluating a potential buy-to-let purchase is the rental yield.

Head on over to our rental yield calculator to find your rental yield percentage and discover how much you could be making in gross profit and net profit each month.

If you need help securing a mortgage to fund your buy-to-let purchase, or you’re having trouble weighing up a prospective property investment.

Let’s talk

These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.