Buy to let mortgage

We offer a range of buy to let mortgage deals designed to meet your individual circumstances.

Buying a buy to let property

Fixed and tracker rate mortgages (minimum 25% deposit)

Switching your buy to let mortgage to Halifax from another lender

Fixed and tracker rate mortgages (minimum 25% deposit)

Thinking about buying a property to rent out?
Halifax offers a range of Buy to Let mortgages, so if you've considered purchasing a property to let, or investing for the longer term, then we could help. Our Mortgage Advisers will be happy to discuss the range of mortgages we offer.

Mortgage calculator - to get an indication about how much you will pay each month.

Lending Criteria
Minimum income	£25,000 per year
Age	Aged 25 or over
How much deposit?	Minimum 25% (property value or purchase price, if lower)
Maximum lending	You could borrow up to £3 million in total on Buy to Let lending across the HBOS group, however individual loans are restricted to £1 million
Lending requirements	Annual rental income must equate to a minimum of 125% of the annual (interest only) mortgage payments based on the current initial rate for the mortgage deal you choose.

Need a little help - if you'd prefer to speak with one of our mortgage advisers - call us on 0845 125 8637.

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Buy to Let – Common Enquiries
As with any financial commitment, it is essential that you find out all you can before you make any decisions.  Halifax understands if you're investing in property then you probably have a number of questions.

Below we have compiled responses to some of the most common questions asked:
• Things to consider before you Buy to Let?
• Who can purchase a rental property, and can you buy a property to let if you already have a residential mortgage?  
• What else do I need to know? 

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Things to consider before you Buy to Let?
Buying a rental property is very different from finding a home. Remember, this is a business decision which you should treat as an investment, take care not to get carried away imagining yourself living in the house. Be objective and focus on who is likely to rent the property you are looking to buy.

To help you decide on the right type of rental property, here are five handy tips for you to review when you view any property.
1. What type of tenant are you looking for? Think carefully about the type of tenant you want to attract e.g. Young professionals, families or sharers. Considering this issue may help you to decide on the type of property you purchase and its location. Remember that Halifax Buy to Let properties have to be let on an Assured Shorthold Tenancy basis.
2. Where’s the best area? Do your research and visit lots of different areas. Location is an important consideration and will often determine the type of tenant you will let to. Don’t necessarily buy locally to your home. Think about prosperous towns which might attract a higher demand for rental property.
3. What’s the location like?   Think about transport links, parking, shops, schools and other local facilities – pick the brains of letting agents for information about areas where properties may be easier to rent.
4. What state is the property in? If you're buying a property which needs improvements, then restrictions could be placed on the amount you can borrow and it could also delay how quickly you can let the property out. Can you afford the mortgage payments during the renovation period?
5. How much rent are you likely to receive? Do your homework – talk to local letting agents, check the local press to find out comparable rental values.
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What else do I need to know?
The mortgage valuation will include an estimate of the rental income of your chosen property on an unfurnished basis.
Buy to Let can be a huge investment and like all types of investment it carries some risks. Our Mortgage Advisers can help you understand the financial commitments involved, but can't offer you advice on whether this type of investment is right for you based on your individual financial circumstances.
Please remember there are no guarantees as to what rental income your Buy to Let property will generate and whether it will rise in value over the years.

Halifax can only advise on the mortgages it offers. We cannot offer advice on whether Buy to Let is the right form of investment for you.