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Mortgage Advice FAQ

Buy to Let Remortgage FAQs Straightforward Answers from Your Mortgage Expert

Below are answers to some of the most common questions landlords ask about buy to let remortgaging, including releasing equity, switching lenders and remortgaging portfolio properties. If you’d like tailored advice, our expert team is here to help. If you want to explore anything further after reading our Buy to Let Remortgage FAQs we would be delighted to help.

BTL remortgages FAQs

Buy to Let Remortgage FAQs

If you’re a landlord, remortgaging a buy to let can be a smart way to reduce monthly payments, secure a new fixed rate, or release equity for another purchase or home improvements.

However, buy to let criteria can vary significantly between lenders – from rental stress tests and portfolio rules to limited company options and acceptable property types. That’s why we’ve put together these Buy to Let Remortgage FAQs, to answer the questions we’re asked most often and help you understand what’s possible before you make a decision.

If you’d like tailored advice, we can review your current mortgage, rental income and plans and talk you through the most suitable next step.

If you have read our Buy to Let Remortgage FAQs and want to get in touch, we would love to help.

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Frequently Asked Questions

What is a buy to let remortgage?
A buy to let remortgage is when you replace your existing mortgage on a rental property with a new deal, either with your current lender or a different one. Many landlords remortgage to secure a preferable interest rate, reduce monthly payments, release equity, or restructure their property portfolio.
When should I consider remortgaging my buy to let property?
You may want to consider a buy to let remortgage if your current fixed or tracker rate is coming to an end, your mortgage rate is no longer competitive, or you want to release equity from your property. It can also be an option if your circumstances or future plans have changed.
Can I remortgage a buy to let property to release equity?
Yes, many landlords remortgage buy to let properties to release equity. This can be used to purchase additional properties, fund renovations, or support other financial goals. The amount you can release will depend on the property value, rental income, and lender criteria.
How do lenders assess buy to let remortgage applications?
Lenders typically assess buy to let remortgage applications based on the rental income generated by the property, the loan-to-value (LTV), your credit history, and your experience as a landlord. Some lenders also take personal income into account, particularly for higher borrowing levels.
Can I remortgage if I’m a portfolio landlord?
Yes. There are specialist lenders who work with portfolio landlords, including those with multiple buy to let properties. Portfolio landlord remortgages can involve more detailed assessments, which is why expert advice can be especially helpful.
Are there fees involved in a buy to let remortgage?
There can be costs involved, such as valuation fees, legal fees, arrangement fees, and potentially early repayment charges (ERCs) from your existing lender if you remortgage before your current deal ends. A good mortgage adviser will explain all costs clearly and help you weigh them against the potential savings.
Can I remortgage a buy to let property through a limited company?
Yes, buy to let properties held within a limited company can often be remortgaged, but lender options and criteria can differ from personal ownership. Specialist advice is important to ensure the most suitable lenders and products are considered.
How long does a buy to let remortgage take?
A buy to let remortgage typically takes between 4 and 8 weeks, although this can vary depending on the lender, valuation timescales, and legal work involved. Starting the process early can help avoid delays or reverting to a lender’s standard variable rate.
Is it better to remortgage with my existing lender or switch?
This depends on your circumstances. Staying with your existing lender can sometimes be quicker, but switching lenders may offer preferable rates or more flexible terms. Comparing options across the market helps ensure you don’t miss out on a more suitable deal.
Do I need a mortgage broker for a buy to let remortgage?
While it’s possible to approach lenders directly, a mortgage broker can compare deals across a wide range of lenders, including specialist providers. This can save time and help ensure the mortgage is suitable for your property, goals, and long-term plans.

There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.

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