Buy to Let Mortgages
The business owners, professionals and contractors’ path to passive income.
Find the best mortgage for your investment in property.
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A Great Investment Opportunity
There are many ways to make your money work harder for you, and investing in property is one of the most rewarding. But securing a buy to let mortgage can be challenging—especially for those without a traditional monthly salary.
If you're a contractor, freelancer, or business owner, you may already know how difficult it can be to get the right-sized mortgage. Many lenders still rely on outdated income assessments, excluding talented professionals earning a day rate or operating via a limited company. That means the right buy-to-let investment opportunity could slip through your fingers.
At Broadbench, we make sure that doesn't happen to you.
Get the right mortgage for your needs.
To maximise what you can borrow, you need a lender that understands how you work. Whether you're looking for the best buy to let mortgage rates or exploring a contract-based buy-to-let mortgage, we’ll match you with the most suitable providers.
Our specialist advisers can:
- Use your daily rate to calculate borrowing potential
- Recommend lenders familiar with contractor buy to let mortgage applications
- Assist business owners looking for a buy to let mortgage through a limited company
We’ll talk you through every step and help you compare deals using tools like our buy to let mortgage calculator, giving you clarity and control from day one.
Speak to an expertThe Pros and Cons to becoming a Landlord
Pro’s
Steady Rental Income
A primary appeal of buy-to-let properties is the potential for a consistent rental income stream. Landlords can enjoy regular cash flow, helping offset mortgage payments and other property-related expenses.
Property Appreciation
Over time, buy-to-let properties in the UK have shown the potential for capital appreciation. As the property market fluctuates, landlords may benefit from an increase in the value of their investment, providing a lucrative exit strategy.
Portfolio Diversification
Investing in property through a buy to let mortgage helps diversify your investment portfolio, protecting you from volatility in other markets.
Tax Benefits
The UK tax system offers reliefs for landlords, such as deductions for mortgage interest and maintenance, which can significantly improve your returns.
Inflation Hedge
Real estate generally performs well during inflationary periods. Rising property values can protect your wealth and buying power.
Cons
Market Volatility
Like all investments, property values can go down as well as up. Economic shifts may impact your ROI.
Property Management Challenges
From tenant issues to repairs and legal obligations, being a landlord requires time and diligence.
Legislative Changes And Regulations
The buy-to-let sector is heavily regulated, with frequent updates to licensing, tax, and safety requirements.
Summary
Becoming a landlord can be a rewarding venture for those seeking long-term financial growth and income stability. With benefits like steady rental income, potential property appreciation, portfolio diversification, tax advantages, and protection against inflation, buy-to-let properties offer a compelling investment opportunity. However, it’s important to weigh these advantages against potential drawbacks, such as market volatility and property management responsibilities. For aspiring investors prepared to manage these challenges, stepping into the rental property market can be a powerful way to build wealth and achieve financial independence.
Speak to an expert
Can I get a Buy to Let Mortgage?
Here’s what you’ll typically need to apply for a buy to let mortgage—especially if you’re a contractor or self-employed business owner:
- A deposit (usually 25% of the property value)
- Rent estimates exceeding your mortgage repayments
- A strong investment-grade property
- Specialist landlord insurance
- Your current contract showing your daily rate (for contractor buy to let mortgage applications)
- Three months of bank statements
- Funds for deposit, solicitor’s fees, surveys, and stamp duty
- Your latest CV and proof of income
- Valid ID and proof of address
Whether you're going solo or using a limited company buy to let mortgage route, we can help make your application straightforward.
Why work with us?
We’ll find the best buy to let mortgage rates based on your circumstances
Complete the paperwork for you
Support you throughout the entire process
Liaise with solicitors and estate agents to keep everything smooth
Get the Landlord knowledge!
To support you further, we've developed a suite of resources to guide you through the mortgage process:
- A-Z of Mortgage Terms: Demystify mortgage jargon with our comprehensive glossary.
- House Hunting Tips: Discover strategies to find your ideal home.
- Struggling To Find A Conveyancing Solicitor?: We recommend Hutchins & Co.
- Where to buy? Read our blog: Which are the safest cities in England and Wales?
- Is Buy-to-Let Still Worth It in 2025? Everything a budding landlord needs to consider.
- Cost-Cutting Strategies for Landlords Useful tips for anyone in the property game.
- Navigating the UK Buy-to-Let Market in 2025 More background on changes impacting buy-to-let in 2025.
- The Legal Process Of Purchasing Buy-To-Let Properties In The UK A guide to navigating a complex legal landscape.
- Choosing the perfect Buy-to-let property Locations and the holy-grail… how to get a bargain.
- Unlocking the Benefits of Becoming a Landlord Practical tips and more!
Ready to Explore Your Options?
Whether you're buying your first investment property, pursuing a contract-based buy-to-let mortgage, considering a remortgage, or looking into product transfers, Broadbench is here to help. We’ll find the best solutions tailored to your income structure and property goals.
Speak to an expertOur Advice & Fees
We only offer advice on first-charge mortgages. We charge a flat fee of £500 for our services, this is split into two payments. When we issue your AIP (Agreement In Principle) we charge £100, then a further £400 is charged on application. This means that if your application stalls at the AIP stage you are only liable for the £100. If we charge you a fee, and your mortgage does not go ahead, this fee is non-refundable.
Get the facts
Download our comprehensive guide to the benefits and risks associated with Buy to Let.
Get the guideReady to invest in property?
Fill out the form below to arrange a time to speak to a mortgage expert.
FAQs
What is a Buy To Let mortgage?
A Buy to Let mortgage is where you buy another property specifically as an investment with the intention of letting it out.
How much deposit do I need for a Buy to Let mortgage?
Normally a minimum of 25% deposit.
Is there any tax to pay when I sell my property?
Not for your main residence, but if you have investment properties that were bought on a Buy to Let basis, these will be subject to Capital Gains Tax. Other taxes may also be levied, we recommend you speak with an accountant to establish your tax position.
Can I get a mortgage if I earn a day rate, rather than PAYE?
Yes. Of course, there are factors that impact a contractor’s eligibility, but just by being self-employed, you should not expect to be turned down by a lender as long as they understand contractors and contracting. However, factors that would prevent anyone from securing a mortgage, such as a poor credit history or a bad payment record will apply just as much. to contractors as to employees.
Can I get a mortgage if I have only just started contracting?
Yes! As long as we can see you’ve got a history in the same line of work and in the same industry in which you are now contracting, there are lenders who accept new contractors.
What is the Mortgage process?
A typical journey will look like this:
- Welcome Call
This is an introductory meeting. You’ll meet your Broadbench adviser: they’ll explain our services, our regulatory status and establish a basic understanding of your requirements. - Fact-find
Your adviser will send you a fact-find document for you to complete. Once received, your adviser will schedule a Discovery Call. - Discovery and Recommendation Call
We’ll confirm the details supplied in the fact-find, and discuss your mortgage options: fixed/tracker, term, fees, and your budget. Your adviser will also advise you about life insurance products to protect the mortgage and your family’s lifestyle.Your adviser completes your mortgage recommendation and the KFI (Key Features Illustration) and then will advise you on the AIP process. You’ll both agree what are the next steps: house hunting or booking your mortgage. - AIP (Agreement In Principle)
Your adviser will send you an invoice of £100 to create the AIP. Once payment is received the AIP can be booked. - Documentation
Then adviser will send you a checklist of all the documentation you need to supply to us. You’ll then be invoiced for the remaining £400. - Mortgage Offer
Once all documents are received, we’ll certify that your mortgage is ready to be booked. Your adviser then books your mortgage. Once the mortgage offer is received, we’ll liaise with the lender on your behalf. - Mortgage Review
You let us know your exchange and completion dates. - Mortgage Completion
We’ll let you know as soon as your mortgage completes and then schedule regular reviews during the mortgage term to ensure that the product remains the most suitable for you.
Why should I use a specialist broker?
By all means, go to a high street lender to satisfy your curiosity, but in most cases, the lender will have issues with how income reaches the contractor. High street lenders understand dividends, but business owners, professionals and contractors who are tax efficient and only draw down a minimum salary and dividends to meet their needs won’t look good. Specialist brokers like us go to the same lenders you see in the high street but at the head office underwriter level. This means they are speaking to people with a bigger lending mandate and a knowledge of this sector contractors, and they use the contract to define a contractor’s income.