First Time Buyer Buy to Let Mortgages

First Time Buyers

Buy to Let Mortgages

To 80% LTV

Repayment and Interest Only

Flats and Houses Considered

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First Time Buyer Buy to Let Mortgages

First time buyer buy to let mortgages are mortgages for first time buyers who are looking to purchase a buy to let property. If you are a first time buyer, buy to let property may be appealing, as applications are based primarily on the rental income of the property, rather than the personal income of the purchaser. In addition, first time buyer buy to let mortgages can allow first time buyers to receive an income from property ownership and save. This capital can go towards current living costs or a future residential mortgage deposit, for example.

Since the credit crunch, it has been more difficult for most borrowers to secure a mortgage, including first time buyer buy to let mortgages. In addition, buy to let lenders are generally wary of offering first time buyer buy to let mortgages due to the lack of previous home ownership experience.

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At Capital Fortune, we are committed to helping first time buyers of buy to let or residential properties secure their ideal mortgage. As a comprehensive panel of lenders mortgage broker, we search through first time buyer buy to let deals from a range of lenders on our clients’ behalf. We carefully analyse the available deals to ensure maximum cost-effectiveness and match products to your individual needs and requirements.

We maximise the chances of your application being successful by completing all paperwork on your behalf and presenting your financial situation in the best possible light to lenders. Our established links with a range of lenders allows us to negotiate with first time buyer buy to let mortgages lenders on your behalf if necessary.

There are three stages to our award winning process:

1 Indicative Rate
Typically clients using the service, tell us they want to discuss their current situation and take us through any difficulties they may have. We can quickly give an indication as to the feasibility of what they are looking to do, undertake detailed research on the potential rates, confirm we can safely assist and importantly, express how we operate.
2 Approval in Principle
This stage involves completing a 45 minute Mortgage Fact Find questionnaire over the phone to fully assess needs and requirements. Once complete, we undertake research across a comprehensive panel of lenders to recommend the right mortgage. A detailed illustration is provided which we will take you through. If you are happy with the illustration we will then request documents from you to support the application. On receipt of the documents we will obtain formal approval in principle from the lender.
3 Full Application
We will process your full mortgage application and liaise directly with the lender on your behalf. We organise the valuation and deal with any issues that may arise during the mortgage application.

We still appreciate however, we are not right for everyone and typically we best assist clients

  • With non-standard/non-traditional requirements;
  • That are time pressed and need the most competitive and quick
  • results; or
  • That just need an independent guiding hand through the minefield of products to obtain them the most competitive deal and to assist them through all the complexities within the mortgage process.

We pride ourselves on delivering advice which is accurate, tailored to your situation and fully compliant with Financial Conduct Authority (FCA) guidelines and best practice.

For help and assistance, call us today on 0207 710 0400 to speak to one of our Mortgage Advisers.

Find out current best rates

Property Value
£
Mortgage Amount
£
Reason for Mortgage
Mortgage Type
Lender Initial Rate Type For Then APR* ERC* Fee
Leek United BS BTL 2 Year Discount £895 Fee LEE1.35%Discount2 years 5.44%5% £995
Leek United BS BTL Portfolio 2 Year Discount £1895 Fee LEE1.35%Discount2 years 5.44%5% £1995
Post Office Intermediary BTL 2 Year Fixed £1295 Fee POS1.38%FixedSep-20204.99%4.5%30-Sep-2020 £1295
TSB Intermediary BTL 2 Year Fixed £1995 Fee Purchase TSB1.39%FixedAug-20204.84%4.4%31-Aug-2020 £1995
Hinckley & Rugby BS TBMC BTL 2 Year Discount £2999 Fee BHI1.4%Discount2 years 5.89%5.6% £3249
Leeds BS Portfolio BTL 2 Year Fixed £2499 Fee BLH1.44%FixedOct-20205.99%5.1%31-Oct-2020 £2499
Virgin Money BTL 2 Year Fixed £1995 Fee Purchase BNR1.44%FixedOct-20204.99%4.7%01-Oct-2020 £1995
Leeds BS BTL 2 Year Fixed £2499 Fee BLH1.44%FixedOct-20205.99%5.1%31-Oct-2020 £2499
Platform Intermediary BTL 2 Year Tracker £1999 Fee Capital Raising CTS1.49%Tracker2 years 5%4.7%2 years £1999
The Mortgage Works Intermediary BTL 2 Year Fixed £1995 Fee CCN1.49%FixedSep-20204.49%4.1%30-Sep-2020 £1995
Mortgage product availability is subject to status and availability. Although great care is taken to ensure that product details are as accurate as possible no liability can be accepted for errors or omissions.
*APR = Annual Percentage Rate *ERC = Early Repayment Charge
*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.