Tips & helpful information for landlords & BTL mortgages

I personally believe that getting the right mortgage is one of the most imperative aspects of purchasing a property, particularly for landlords, because we’re trying to make a profit. The difference between a good and bad mortgage policy will reflect on the success of your entire investment. Yet, with so many people failing to understand how they truly work, it isn’t rare sight to witness a landlord’s empire topple over.

It’s crucial to do as much research as possible, but most importantly, to shop around for the best BTL mortgage product for you. There are literally hundreds of mortgages available so it can be overwhelming, especially if you don’t know what you’re looking at. As you may have already noticed, it’s becoming increasingly difficult for landlords to get mortgages, and the one’s that are available are excruciatingly expensive- high interest rates and even higher product fees. Take your time, do your research. Read through the articles in this section for further guidance.

As a starting point to BTL mortgages, it might be looking at the Landlord BTL Mortgage Guide. I would also recommend understanding the difference between an interest-only and repayment mortgage, if you don’t know already.

I just want to clarify that I’m not qualified to provide any financial advice. Everything written on this website is based on my opinion from years of experience, and no more. I would recommend seeking the appropriate advice from a financial professional before making any decisions.

Landlord Buy-to-let Mortgage Guide

Landlord Buy-to-let Mortgage Guide

Mortgages For Landlords / 5 Comments
BTL Remortgaging: ‘Occupier’s Consent & Postponement Deed’ – WTF Is This Shit?

BTL Remortgaging: ‘Occupier’s Consent & Postponement Deed’ – WTF Is This Shit?

03 Nov 2015 / Mortgages For Landlords / 21 Comments

There’s always a gigantic element of risk when I blog about an issue that’s utterly trivial and focused on my own circumstances, because it’s bound to be totally irrelevant to 99.9999% of you, which means you probably won’t give a flying shit about whatever it is I’m banging on about. And since I am a […]

‘Mortgage Product Fees’ – What A Joke

‘Mortgage Product Fees’ – What A Joke

22 Aug 2011 / Mortgages For Landlords / 18 Comments

Last week I went for a consultation with my local Building Society’s Mortgage Advisor/Broker (whatever you want to call them) to review one of my Buy-To-Let Mortgages, which is currently with Northern Rock at a rate of 5.7%. It’s been out of the fixed rate period for a few years now, so I’m not tied […]

How Low Is Your Mortgage Interest Rate?

How Low Is Your Mortgage Interest Rate?

18 Apr 2009 / Mortgages For Landlords / 5 Comments

At the peak of the property boom back in November 2007, when every penniless fucker was snapping up unrealistically priced properties like they were Donald Trump, the Bank Of England base rate was at 5.75%. In the space of a little over 2 years, the rate has dropped by 5.25%, and tumbled to a low […]

My Savings On Mortgage Payments Since Interest Rates Have Fallen

My Savings On Mortgage Payments Since Interest Rates Have Fallen

17 Jan 2009 / Mortgages For Landlords / 2 Comments

I suspect a lot of homeowners on tracker and variable rate mortgages have made significant savings over the previous months as interest rates have been tumbling. I have definitely saved a lot of money on a monthly basis. However, in real terms, I’m probably losing more money than I’m saving, as house prices are taking […]

Northern Rock Seem Desperate To Get Me To Remortgage

Northern Rock Seem Desperate To Get Me To Remortgage

17 Dec 2008 / Mortgages For Landlords / 1 Comment

Ever since Northern Rock butt-fucked their entire company, resulting in them being nationalised, they have been sending me letters every month advising me to remortgage. As already mentioned in numerous articles, they want to recover as much money as possible, hence the need to sell their debt. I started getting the letters approximately 4 months […]

Making Mortgage Overpayments While Debt Is Cheap

Making Mortgage Overpayments While Debt Is Cheap

11 Dec 2008 / Mortgages For Landlords / 0 Comments

For the last few years I’ve been repaying my mortgage while borrowing has been uncomfortably expensive. I imagine it’s been the same for most people. However, now that interest rates have come tumbling down, like your Nan’s breasts on her 60th Birthday, debt is starting to get a little bit cheaper. Example The interest rate […]

Northern Rock Lowered Thier Standard Variable Rate (SVR), Which Saved Me A Small Fortune

Northern Rock Lowered Thier Standard Variable Rate (SVR), Which Saved Me A Small Fortune

23 Nov 2008 / Mortgages For Landlords / 26 Comments

Oh man, the huge 1.5% base rate reduction in November has been a blessing. I’ve recently been discussing the impact of the 1.5% cut has had on my Birmingham Midshire mortgage, but I’ve yet to mention anything about my Northern Rock Mortgage. So, here goes… When Northern Rock collapsed and became nationalised, they decided to […]

Birmingham Midshire Are 2 Months Behind Passing On Interest Rate Cuts

Birmingham Midshire Are 2 Months Behind Passing On Interest Rate Cuts

19 Nov 2008 / Mortgages For Landlords / 29 Comments

The other day I was pleading to my readers, asking the question, Are Birmingham Midshire Cutting Their Rates? This question was instigated after the massive 1.5% baserate cut was announced by the Bank of England earlier this month. Thanks to a reader I was informed that they actually were going to pass on the entire […]

Who’s Shitting Themselves About Remortgaging?

Who’s Shitting Themselves About Remortgaging?

31 Jul 2008 / Mortgages For Landlords / 4 Comments

I’m just wondering who is worried about remortgaging? In March 2009 I’m due to come off 2 fixed rate mortgages, and onto an estimated 7.8% standard variable rate. Of course, I’m hoping to remortgage and get a better rate than going onto the standard variable rate with my current lenders. Mind you, how things are […]

Adding Someone To Your Mortgage

Adding Someone To Your Mortgage

14 Jul 2008 / Mortgages For Landlords / 41 Comments

The process of adding someone to a mortgage is quite common. The most common scenario is adding a long-term partner. The actual process is actually pretty straight forward, it’s just the consequences of the process which I think most people should be most cautious about. How to add someone to your mortgage If you want […]

Saving Vs Reducing Your Mortgage

08 Jul 2008 / Mortgages For Landlords / 0 Comments

It’s a no-brainer; now is the time to start making overpayments and reduce the bain of the average homeowners life, the mortgage. This especially applies to those still in their initial fixed rate period (honeymoon period). Unfortunately, there are no real signs of the credit crunch improving anytime soon, and there’s certainly no sign of […]

Coming To The End Of Your Fixed Rate Mortgage Period?

Coming To The End Of Your Fixed Rate Mortgage Period?

13 May 2008 / Mortgages For Landlords / 0 Comments

More than one million people in the UK are going to face a sharp jump in their mortgage payments when they’re thrown out of their honeymoon fixed rate period, and put onto a standard variable rate. The average fixed rate mortgage last year was 5.5%, the average standard variable rate is 8-9% at the moment. […]

Northern Rock Want Their Borrowers To Remortgage

Northern Rock Want Their Borrowers To Remortgage

13 Apr 2008 / Mortgages For Landlords / 3 Comments

I already mentioned in a previous blog article that Northern Rock weren’t going to be offering their customers a competitive new deal when it comes to the end of their existing product term. However, it was all a tad wishy-washy because I was told by a competitor of Northern Rock, The Halifax. Well, a few […]

Different Ways Of Paying Interest On A Mortgage

Different Ways Of Paying Interest On A Mortgage

09 Jan 2008 / Mortgages For Landlords / 0 Comments

In theory, mortgages should be simple. You borrow money from a lender to buy a property, and you pay the lender back over a period of time with interest. If only it were that simple. It doesn’t take long to work out that mortgages aren’t that simple, and with lenders continually updating their mortgage ranges, […]

How To Avoid Mortgage Payment Problems

How To Avoid Mortgage Payment Problems

04 Jan 2008 / Mortgages For Landlords / 1 Comment

Millions of homeowners have been feeling the burn with rising interest rates and the overall cost of living. Repossession levels are creeping up as more and more people are struggling to make their mortgage payments. There are a lot of options available to anyone struggling with mortgage payments as shown in my previous article I […]

Mortgage Overpayment Calculator

Mortgage Overpayment Calculator

10 Dec 2007 / Mortgages For Landlords / 2 Comments

After writing the Mortgage Overpayments article, where I discuss what, where and how, I decided to put together this overpayment mortgage calculator, so anyone can quickly and easily calculate how much they can save by making regular or a one-off lump-sum overpayment. The tool calculates how much you can save, along with how much time […]

Making Mortgage Overpayments

Making Mortgage Overpayments

09 Dec 2007 / Mortgages For Landlords / 16 Comments

This is an extension to a previous article I wrote on ‘The Benefits Of Paying Your Mortgage Off Early‘. Making overpayments on your mortgage is a great way of reducing your mortgage, consequently providing the opportunity to paying off your mortgage earlier than due. Overpayments is usually suited for those that want to reduce their […]

The Basics Of Mortgages And Interest Rates

The Basics Of Mortgages And Interest Rates

04 Dec 2007 / Mortgages For Landlords / 0 Comments

I’ve said it before and i’ll say it again (until I’m blue(r) in the face), a mortgage can ultimately determine the success or failure of a property investment. My point being? It’s imperative that you understand how mortgages work so you are able to get the best deal available on the market, without getting wool […]

The Importance Of Remortgaging

The Importance Of Remortgaging

22 Nov 2007 / Mortgages For Landlords / 0 Comments

I personally believe that the quality and suitability of a homeowner’s mortgage is the second biggest factor that will ultimately determine the success of a property investment, especially with buy to let investors; the biggest factor being the market condition. However, you alone can’t control the market condition, but you alone can play a key […]

I Can’t Afford My Mortgage Payments, What Can I Do?

I Can’t Afford My Mortgage Payments, What Can I Do?

30 Oct 2007 / Mortgages For Landlords / 10 Comments

Coming to terms with the fact that mortgage payments are no longer realistically possible to maintain is an extremely important step to take. People see it as “defeat”, and it’s never easy to admit defeat, especially when you have a fighting spirit. But don’t think of it as “defeat”, think of it as “surviving” Giving […]

Using Credit Cards To Pay Your Mortgage

Using Credit Cards To Pay Your Mortgage

29 Oct 2007 / Mortgages For Landlords / 1 Comment

I recently read a report on The Guardian, which said that more than a million householders have been using credit cards to pay their mortgage or rent. The data was gathered by a new survey published by ROOF, Shelter’s housing and homelessness magazine. For many people trying to keep a roof over their head is […]

Switching From Repayment To Interest-only Mortgages

22 Oct 2007 / Mortgages For Landlords / 1 Comment

Most mortgage lenders allow a borrower to change between interest-only and repayment methods at any point during an exiting policy. For example, if you have an existing mortgage policy that is interest-only, you can change it to repayment and visa versa. The actual process of switching is pretty straightforward; it’s not like completely remortgaging. You’ll […]

Benefits Of Paying Your Mortgage Off Early

01 Oct 2007 / Mortgages For Landlords / 0 Comments

A mortgage is probably the biggest financial expenditure for the average person. A mortgage can be a lifetime commitment. That’s a real bitter pill to swallow- knowing you’ll be paying off a single debt for the majority of your life. Have you ever thought what life would be like without having to make that monthly […]

Buy-To-Let Mortgage Calculator-  Calculate Monthly Payments

Buy-To-Let Mortgage Calculator- Calculate Monthly Payments

30 Sep 2007 / Mortgages For Landlords / 3 Comments

Here’s a useful tool that calculates how much a monthly Buy-To-Let Mortgage (or any mortgage actually, but we’re landlords here, right?) would cost if you enter real or hypothetical scenarios- useful for planning if you’re thinking of getting a mortgage or remortgaging. It takes into considering the amount you’re borrowing, and the life-span of your […]

Shit, I Have A Mortgage With Northern Rock!!!!

Shit, I Have A Mortgage With Northern Rock!!!!

17 Sep 2007 / Mortgages For Landlords / 14 Comments

A million fucking mortgage lenders out there, and I end up with the one that lands into financial difficulties; what are the chances? For those who have been living under a rock for the past few days, please allow me to give you a quick update. Northern Rock declared that they have been going through […]

What Is A Tracker Mortgage?

31 Aug 2007 / Mortgages For Landlords / 0 Comments

Trackers mortgages, also known as “rate tracker mortgages”, are mortgages that track the movement of a rate, usually the Bank of England base rate. For example, you could get a tracker mortgage that will always be 0.25% above the UK base rate. So, if the base rate is 5.75%, you will pay 6% interest on […]

Offset Mortgages

29 Aug 2007 / Mortgages For Landlords / 0 Comments

What are Offset Mortgages? Offset mortgages are fairly new in the UK; the idea was launched in 1994 after they gained popularity in Australia. They’ve been becoming increasingly popular to homeowners in the UK. The key feature of an offset mortgage is the ability to reduce the interest charged by offsetting a credit balance (such […]

Using A Residential Mortgage For a Buy-To-Let Property

Using A Residential Mortgage For a Buy-To-Let Property

15 Aug 2007 / Mortgages For Landlords / 14 Comments

It’s not unheard of, in fact, it’s common practice for many landlords to have a residential mortgage for a property they’re letting out, while they’re actually meant to have a buy-to-let mortgage. Apparently it’s called “mortgage fraud” – one thing is for sure, it’s against the terms and conditions of any mortgage lender I’ve heard […]

Facts About Interest Rates

Facts About Interest Rates

14 Jun 2007 / Mortgages For Landlords / 0 Comments

Who determines interest rates? The Bank of England’s Monetary Policy Committee (MPC) decides the fate of interest rates. They meet up every month and decide what the rates will be in the foreseen future. Who forms the Monetary Policy Committee (MPC)? The MPC is made up of the governor of the Bank, two deputy governors, […]

Tips On How To Reduce Mortgage Payments

Tips On How To Reduce Mortgage Payments

18 May 2007 / Mortgages For Landlords / 0 Comments

Are you struggling to keep up with your monthly mortgage payments? Perhaps there are steps you can take to reduce the monthly cost to make your finances more manageable. Here are a few tips… 1] Remortgage with existing lender Most mortgages offer an introductory offer with a better rate of interest; it’s more like an […]

How To Improve Your Credit Rating

How To Improve Your Credit Rating

20 Feb 2007 / Mortgages For Landlords / 0 Comments

A good credit history has never been as important as it is today, especially when applying for a loan like a mortgage. Different companies and institutions measure credit ratings based on different variables, so it’s not an exact science. However, there are known practises that definitely do help build your credit rating. Steps you can […]

Risks involved with Mortgages

Risks involved with Mortgages

14 Jan 2007 / Mortgages For Landlords / 0 Comments

Before contemplating the idea of getting a mortgage, it’s important to familiarise yourself with the potential risks involved so you can decide whether it actually is currently the right step for you. Mortgages notoriously have high risks and penalties if you fail keep up on top of them. Interest Rates can and most likely will […]

Interest-only Vs Repayment Mortgages

Interest-only Vs Repayment Mortgages

13 Jan 2007 / Mortgages For Landlords / 0 Comments

There are generally two methods of repaying the amount you have borrowed from your Mortgage lender- the “repayment” and “Interest-only” option. Or at least, most borrowers usually opt for one or the other. Repayment Mortgage: With this option your monthly payments gradually pay off the amount you borrowed, as well as paying the interest on […]