Buy To Let Secured Loans
Yes, you can secure a loan against a rental property you own, or even your entire property portfolio.
With a buy to let secured loan, you can:
- Borrow up to £1 million with flexible terms stretching up to 30 years.
- Access extra funds without impacting your current mortgage.
- Get funds for any legal plans you’re considering.
Ready to explore your options? Our friendly team is just a call away!
Loans are secured - your property may be repossessed if you do not keep up repayments. We do not offer mortgages from high street lenders, so you should apply there first. If you were rejected, we may be able to help you.
Why might I choose a buy to let secured loan?
Choosing the right finance product depends on your priorities. Here are some benefits of this option:
- Flexible criteria - By using a property as security, lenders can offer more flexible solutions for various situations.
- Use your property portfolio - You can use your entire property portfolio to raise funds, not just one house.
- Use an unencumbered property - Even fully paid-off properties qualify. In fact, all property types and constructions are considered.
- High LTVs - Borrow up to 90% of your property's value (or 70% in Northern Ireland).
- Affordability - Use your rental income to qualify, or your employed/self-employed income.
- Most credit profiles accepted - We accept a range of credit profiles, including missed or late payments on loans, credit cards and mortgages, accounts that are in default, outstanding CCJs, in a debt management plan and even discharged bankrupts, though options may be more limited.
- All loan purposes considered - These loans can fund any legal plan, including refurbishments, consolidating debt, paying tax bills, or making business investments.
- Competitive rates – We offer competitive variable, tracker, and fixed rates, with interest-only options available too.
If you are thinking of consolidating existing debt, be aware you may be extending the terms of the debt and increasing the total amount you repay.
To qualify you must meet the following criteria
- be a UK resident and own your own property
- be aged 18-85 with a minimum income of £15,000
Enquire now without affecting your credit score!
Or call us now on 0800 032 4646
Got a question or want to speak to an advisor?
Have a look at our Secured loans page for FAQs
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What is a buy to let secured loan?
A buy to let secured loan allows you to access extra funds by using a rental property, or even a portfolio, as security. It’s an additional loan on top of your existing mortgage, which leaves your current terms untouched.
Securing the loan against your property may offer you flexible terms, better rates, and higher borrowing limits than unsecured options. However, keep in mind that failing to keep up with repayments could put your property at risk of repossession.
With nearly 40 years of experience and strong relationships with a panel of specialist lenders, we’ll try to help you find the right solution.
Get started by calling the number at the top of the page or click the blue button in the bottom corner to chat with our team!
When to consider a secured loan for buy to let?
It can be a valuable financial solution in certain situations, such as:
- Avoiding early repayment charges: If you're trying to avoid early repayment charges, remortgaging to raise extra funds may not be ideal. This solution allows you to get extra funds without impacting your current mortgage, helping you steer clear of those charges.
- Large funding needs: These loans typically offer higher borrowing limits than unsecured options, making them ideal for significant expenses. For example, buying a second property or consolidating multiple debts into a single monthly payment.
- Complex circumstances: Secured loans on a buy to let property have more flexible eligibility criteria, which can increase your chances of approval.
- Flexible repayment terms –Buy to let secured loans offer repayment terms ranging from 3 to 30 years, providing you with greater flexibility.
Classifications of secured loans for buy to let
There are two types of buy to let secured loans:
Unregulated BTL: A loan for a property you purchased for private rent. These loans are not regulated by the FCA.
Consumer BTL: A loan for a property you previously lived in or you inherited. These loans are regulated by the FCA.
Regulation under the FCA aims to provide consumers with protection, including being covered by the Financial Services Compensation Scheme (FSCS). This helps protect you against bad advice and mis-selling, among other things.
How do I apply?
We want to make the process of applying as smooth as possible. Here are the main steps involved in our application process.
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Step 1: Submit an enquiry
Fill out our enquiry form online or call us to speak directly to one of our advisors.
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Step 2: Speak to the team
After reviewing your enquiry, one of our experts will give you guidance on possible solutions.
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Step 3: We'll handle the rest
If we find you a product that fits your needs and you're happy, we'll take care of the rest for you.
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Step 4: Completion
Once all of the paperwork is completed, you will get your funds.
What our customers say about us
"Fantastic company. Paul and Baz have been fantastic help securing me a second mortgage. Very helpful and informative and would highly recommend the Loans Engine."
27 Feb 2025
"Paul was absolutely amazing, patient and responsive, professional yet approachable, nothing was too much, well informed throughout."
24 Feb 2025
"Great! Really good communication throughout the process, helpful and informative staff. Highly recommended."
24 Feb 2025
"Both Medhi and Matt provided excellent service. They were both responsive and very knowledgeable. The process became protracted due to having to wait for the LR to register our property and Matt kept us informed every step of the way."
10 Feb 2025
Frequently Asked Questions - Buy To Let Secured Loans
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Can I borrow money against my buy to let property?
Yes! You can secure your loan with any property you own, whether it's a residential or rental property.
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What can a buy to let secured loan be used for?
Secured loans are highly versatile and can be used for a wide range of purposes, as long as they are legal.
These loans are commonly used for debt consolidation or home improvement projects, but they can also be applied to other needs, such as covering tax bills or funding business or property purchases.
Landlords, in particular, often use secured loans to grow their property portfolios or renovate their existing properties.
See how we helped a client access this solution to fund property renovations in this case study.
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Am I eligible?
To be eligible for a buy to let secured loan, you must be aged 18-85 and own a buy to let property. The loan will be secured against your rental property, so if you don’t own one, this option won’t be available to you.
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How do you get a loan on a rental property?
Getting one of these loans can be achieved by going to lenders, brokers or banks. Qualifying criteria may range, so it is important you research the different products available to find one that fits your plans.
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How much could I borrow with a rental property loan?
Loan sizes can vary with different lenders and are influenced by:
- The amount of rental income you get vs the mortgage payments on the property.
- Any other additional sources of income you have.
- Your credit history.
- The amount of equity in your rental property.
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What are the repayment terms on a buy to let second charge?
Just like loan sizes, repayment terms can vary based on how long you need the loan and which provider you choose.
You’ll have the flexibility to select a repayment period that suits your needs, whether it’s shorter or longer.
Our mortgage advisors can assist you in arranging the right option for you.
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Is a buy to let second charge the same as a buy to let secured loan?
Yes, they are essentially the same. Both options use a rental property you own as security, meaning it could be repossessed if you fail to make your repayments.
Using your property as security can offer benefits, such as a larger loan amount, a higher chance of approval, and potentially lower interest rates.
For more details, check out our blog on buy to let second charge mortgages explained.
