Secured Loans For Buy to Let Rental Property

If you’re a landlord and are looking to raise further funds against your property then a second charge secured loan can help. Borrow against your existing Buy to let property from £10,000 over 3 – 30 years. Rates start as low as 4.2% APRC @ 85% loan to value.

(We’ll compare across our panel of lenders to find you the cheapest rates available)

FAQ’s

How much can I borrow against my buy to let property?

How much you can borrow will depend on your personal circumstances and how much equity you have without your buy to let. Max loan to value is 75% for a BTL. Request a quote here on the page and one of our brokers will contact you provide an accurate quote. For a quick estimate of costs and repayment amounts you can use this calculator.


What lenders do you have on your second charge panel?

We cover most of the market place including well known lenders and brands such as Paragon Bank, Together Money, West One Loans, Shawbrook Bank, Masthaven Bank, Prestige Finance, Optimum Credit, United Trust Bank, Norton Finance, Central Trust, Clearly Loans, Step One Finance, Sping Finance, 1st Stop Home Loans, Evolution Money.


Can I take out a secured loan on my HMO?

Yes secured loans are available against HMO’s, multi let properties and student lets.


Can I get a secured loan without proof of income?

Yes you can get a secured loan without proof of income. We have a lender on our panel that allows evidence of the AST alone as proof of income. There is no need to evidence any personal income for this application.


How quickly can the loan complete?

Secured loans against rental property can complete very quickly and within a matter of a couple of days if a fast turnaround is required.


How quickly can the loan complete?

Secured loans against rental property can complete very quickly and within a matter of a couple of days if a fast turnaround is required.


Who are the second charge buy to let lenders?

Our secured loan brokers have access to all the major lenders within the second charge mortgage marketplace.


Can I get a secured loan while self employed?

Yes loans for self employed and contractors are available from all of the lenders within our panel. The income requirements may vary across lenders and we will be able to advise you on what is required to show proof of income requirements.


I am currency unemployed can I still get a loan?

Yes, loans on buy to let property are available for unemployed applicants who are out of work or retired without proof of income.


Can buy to let secured loans be taken out over multiple properties/portfolios?

Yes loans can be taken out against multiple properties and across portfolios. This also includes HMO, student property and including flats and high rise builds. Loans are also available for non standard construction buildings. If you are unsure then a loan broker here on Feasible can assist you when you make an enquiry.


I am currently unemployed can I get a loan against my rental property?

Yes. We do have a specialist second charge buy-to-let lender who accepts applicants who are non standard applicants. This lender can offer buy to let loans for the unemployed, without proof of income and who accept rental income alone as proof of income. This lender will also accept gifted deposits of 25%.


I have come credit issues on my file can I still get a loan against my BTL?

Yes, there are a selection of lenders and products that are suitable for landlords who have some bad credit. Examples include CCJ’s, defaults and missed payments. Loans can also be considered for bankrupts. The interest rates on these products are higher as you may expect. Request a quote for a detailed example of what is available for you.


Can I get a loan against an unencumbered buy to let property?

Yes. We have a range of options to secured loans against an unencumbered buy to let property. This also includes HMO’s, holiday lets and student accomodations.