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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Buy to Let Advice From a Derby Team
Our team live and work locally. We know the city well, from the city centre to Allestree, Mickleover, Littleover, Chaddesden and Spondon.
Whether you are buying your first rental or adding to a portfolio, we find lenders whose rules suit you. We also help landlords across Derbyshire, Nottingham, Leicester and the rest of the UK.
Who We Help
First-time landlords
Buying your first rental? We explain how buy to let works and find lenders who accept new landlords.
Portfolio landlords
If you have four or more mortgaged rentals, we help you prepare the portfolio details lenders ask for.
Limited companies
Many landlords now buy through a company. We find lenders who offer limited company mortgages.
Employed or self-employed
Lenders look mainly at the rent, but your income still counts. We know which lenders suit how you earn.
Capital raising
Want to release money from a rental to buy another or improve it? We compare remortgage options.
Property not habitable
Buying a rental that needs work first? We look at bridging and refurbishment options.
Want to Know What You Could Borrow?
Call us for a quick chat, or use our calculators to get a first idea.
Is Buy to Let Right for You?
It can be a good fit if
- You have a deposit of 15% to 25% or more
- The rent will cover the mortgage with room to spare
- You see it as a long-term investment
- You have money set aside for repairs and empty months
Things to think about
- You usually pay 5% extra stamp duty on a second home
- Rent may not always cover the mortgage if rates rise
- Landlords have legal duties on safety and deposits
- Tax rules for landlords can be complex, so speak to an accountant
How It Works
Get in touch
Call us or send an enquiry with a few details about the property and your plans.
First chat
We talk through the rent, your deposit and your goals, and list the documents you need.
Find the right mortgage
We compare buy to let lenders and explain the costs and rules of each.
Application to completion
We handle the paperwork and the lender, and keep you updated until completion.
More Help for Landlords
Why Choose Mortgage & Finance Arena
Local advisers
Our team live and work locally and know the local market.
Whole of market
We compare lenders across the market, not just one bank.
Plain English
We explain the rules and costs so you can decide with confidence.
FCA regulated
Mortgage & Finance Arena Ltd is authorised and regulated by the FCA (No. 706676).
Meet us or call
Visit our Pride Park office, or talk to us by phone or video call.
We handle the paperwork
We deal with the lender and keep you updated until completion.
Buy to Let Mortgage FAQs
Most lenders ask for a deposit of at least 25%. Some accept 15%, but the rates are often higher.
Lenders mainly look at the rent. The rent usually needs to be 125% to 145% of the monthly interest, worked out at a test rate the lender sets. Some lenders have no minimum income.
Yes. Many landlords do this for tax reasons. Lenders offer limited company mortgages, though the rates can be a little higher. Speak to an accountant about the tax side before you decide.
Usually, yes. If you will own more than one home, you pay 5% on top of the normal stamp duty rates in England. You can work out the cost with our stamp duty calculator.
Yes. Most buy to let mortgages are interest-only, which keeps the monthly payment down. You will need a plan to repay the loan at the end, such as selling the property.
Yes. Lenders treat you as a portfolio landlord. They look at your whole portfolio, your business plan and your cash flow. We help you get this ready before you apply.
Most buy to let mortgages are not regulated by the Financial Conduct Authority. If you are letting a home you used to live in, or letting to family, the mortgage may be regulated.
Ready to Talk?
Tell us about the property and one of our Derby team will call you back.
Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy to let mortgages are not regulated by the Financial Conduct Authority. Mortgage & Finance Arena Ltd is authorised and regulated by the Financial Conduct Authority (FCA No. 706676).
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Honest opinions from people like you
There simply are no superlatives sufficient to thank you for your fantastic service! I would highly recommend mortgage and finance area to any of my friends or family looking for a mortgage. You’ve made our dreams come true! The team go above and beyond to make everything so easy.
The advice and financial services I have recently had from Charlotte at Morgage And Finance Ltd in Derby has been first class. Very professional, helpful, efficient and supportive. I wholeheartedly recommend them.
Suzanne and Charlotte were amazing and made the process of buying our first home completely stress-free for us. They were both on hand if we ever had any problems/questions and always responded with knowledgeable and completely honest answers. I would highly recommend.
If I could rate this company more than 5 stars I would. I cannot fault the service and support my partner and I have received whilst getting our first mortgage together. Ian and Megan have been amazing, making the process completely stress free. They were both on hand if we ever had any questions. I would highly recommend. Thank you!
There simply are no superlatives sufficient to thank you for your fantastic service! I would highly recommend mortgage and finance arena to any of my friends or family looking for a mortgage. You’ve made our dreams come true! The team go above and beyond to make everything so easy.