Specialist
Buy-to-Let Mortgages: No Minimum Income Requirement
For Refinancing & Buying Investment Property In The UK
For Refinancing & Buying Investment Property In The UK
At Clifton Private Finance, we offer a range of innovative buy-to-let mortgage solutions tailored for landlords looking to finance or remortgage their rental properties, without the need for a minimum income requirement.
We offer bespoke buy-to-let mortgage solutions, including:
2 Year Fixed Subsequent rate 7.69% LTV - 75% Product fee 4.5% Max 50 Properties Early redemption charges As at 19th October 2024 5 Year Fixed Subsequent rate 7.95% LTV - 75% Product Fee £4,999 Free valuation Max 10 Properties Early redemption charges As at 19th October 2024 1 to 12 months Purchase & refurb LTV - 60% Buying & Renovating Conversions Auction Purchase As at 19th October 2024 Thank You for your interest - please complete the form below and a member of our team will be in contact.
Buy To Let
Up to £10m
5.4% APR
APRC 7.8%*
Buy To Let
Up to £1.5m
5.05% APR
APRC 7.2%*
Buy & Refurb
1 to 12 Months
0.60% pm
Contact Us
Through our market knowledge we can deliver bespoke terms based on your requirements.
Call our buy-to-let team on 0117 959 5094 to discuss your requirements or book a call-back below.
Unlike traditional residential mortgages, where your personal income plays a key role in determining affordability, buy-to-let mortgages are based primarily on the rental income generated by the property.
This means that your ability to secure a buy-to-let mortgage doesn't necessarily depend on your employment income. Instead, lenders use stress testing and rental income projections to evaluate affordability.
For many landlords, their primary focus is on the investment potential of the property, and the rental income it can generate—not necessarily their personal earnings. Lenders recognise this and will often base their decision on the projected rental income and the stress testing of the mortgage, rather than the applicant's employment income.
This makes buy-to-let mortgages a great option for:
Buy-to-let mortgages come with specific rental cover requirements. Lenders typically expect the rental income to cover a minimum of 125% to 145% of the monthly mortgage payments, ensuring the loan remains affordable even if interest rates rise. This stress testing approach helps lenders assess the viability of the mortgage and the long-term sustainability of the investment.
Key factors lenders assess include:
Related: NEWS: Top 10 Regions With The Best Rental Yields in the UK
More and more landlords are opting to purchase or refinance buy-to-let properties through a limited company structure due to the potential tax benefits and greater flexibility it offers.
Investing in property via a limited company can provide advantages, particularly for higher-rate taxpayers or those managing larger property portfolios. However, the process for securing a mortgage through a limited company is different from traditional personal buy-to-let borrowing, and it comes with its own set of requirements and considerations.
Investing in buy-to-let properties through a limited company can offer several key benefits, particularly in terms of tax efficiency:
The mortgage application process for limited company buy-to-let mortgages can be more complex than for personal borrowing, and lenders assess company finances rather than personal income.
Here’s what to expect:
Lenders typically prefer to work with established companies, meaning businesses that have been operating for several years and have detailed accounts available. New or start-up companies may find it more difficult to secure financing, especially without a solid trading history or strong rental income projections.
Lenders assess a limited company’s ability to service the loan through projected rental income and the company’s overall cash flow. The company’s financial health is examined in detail, and some lenders may require accounts spanning at least two years to demonstrate profitability.
Even though the mortgage is issued to the limited company, directors are often required to provide personal guarantees. This means that if the company is unable to meet its mortgage obligations, the directors will be personally liable for the debt. While personal income may not be a primary factor in the application, lenders will still evaluate the financial standing of the company's directors.
Buy-to-let mortgages for limited companies typically come with higher interest rates and fees compared to personal buy-to-let mortgages. This is largely due to the perceived higher risk associated with lending to companies, and the added complexity of underwriting the loan.
Lenders tend to offer lower loan-to-value ratios for limited company buy-to-let mortgages, often around 75%. This means a larger deposit may be required compared to personal buy-to-let lending.
Because the property’s income is the key focus for buy-to-let lenders, personal income is often less scrutinised. This opens opportunities for landlords with low or variable personal income to secure competitive mortgage deals, provided the property demonstrates strong rental yield potential. However, some lenders may still require basic affordability checks to ensure the landlord can cover costs in case of unexpected vacancies or repairs.
At Clifton Private Finance, we provide a comprehensive range of buy-to-let mortgage services to meet the unique needs of landlords:
Navigating the complexities of buy-to-let mortgages can be challenging, particularly when trying to secure the best deal without a high personal income. That's where our expert mortgage brokers step in.
When considering a buy-to-let mortgage, it’s important to compare not just the interest rates, but also the overall costs, including arrangement fees, exit penalties, and valuation fees.
A slightly lower interest rate might not always be the most cost-effective option if it comes with high upfront fees. We’ll guide you through all the costs to ensure you’re getting the best deal for your circumstances.
Key factors to consider when comparing rates:
If you're a landlord or aspiring investor looking to secure a buy-to-let mortgage with no minimum income requirement, our specialist brokers are here to help. Whether you’re remortgaging an existing property or purchasing a new investment, we can tailor a mortgage solution that fits your needs.
I approached Clifton Private Finance to help me get a mortgage as an Expat working in the Far East. I would normally 'cut out the middle man' on something like this and try to get myself a deal directly with the banks, but I am now sold on the broker concept and wouldn't hesitate to use Clifton Private Finance again. There were a number of complicating factors such as being an expat, the stamp duty holiday, the sheer amount I wanted to borrow and the fact I wanted it all wrapped up before the Stamp Duty holiday ended. It is clear to me now that the relationship that brokers have managed to foster with their banks means they can simply pull levers and make stuff happen that us ordinary folk cannot. Put simply, they are worth every penny, will take most of the stress out of the lending process, and seem to have access to deals that you just won't find on the internet. Thank you George and Jan for all your hard work!
James M
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
William W
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Chantelle S
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
Myr B
I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
C Jefferey
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
Mr Morris
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
Charles N
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
Rowena C
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