I'm a first-time investor with a 25% deposit for a £200k buy-to-let in the North West. What are the most competitive deposit requirements or lender products available for new landlords right now, and which brokers specialise in these?
Quick Answer
New landlords typically require a minimum 25% deposit for BTL mortgages, though some niche products allow 20%. Mortgage rates average 5.0-6.5% with the base rate at 4.75%. Consulting a specialist BTL broker is crucial to identify suitable lenders.
About This Topic
First-time landlords need a 25% deposit for BTL mortgages with typical rates 5.0-6.5%. Specialist brokers find products for new investors, ensuring compliance with 125% stress tests and navigating SDLT surcharges for £200k properties.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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