A buy-to-let remortgage allows you to switch your existing mortgage on a rental property to a new deal, either with your current lender or a new one.

As a landlord, finding a better mortgage deal is worth considering, as lowering your mortgage costs can boost your profits. Remortgaging your buy-to-let property could help you save money or free up equity to invest in expanding your property portfolio or renovating your current property.

If you have sufficient equity built up, remortgaging could also allow you to release funds to use as a deposit for your next buy-to-let property or even buy it outright. Additionally, if you decide to rent out a property you currently live in, you’ll typically need to switch from a residential mortgage to a buy-to-let mortgage.

It’s important to plan for times when your property may be unoccupied, as you’ll still need to make your mortgage payments. Buy-to-let remortgage rates are often higher than standard residential rates, so having a contingency fund is essential.

Enter the values above to allow us to calculate how much rent to charge.

The amount you can borrow on a Buy to Let mortgage primarily depends on the rental income you currently receive or expect to receive from the property. Our Buy to Let mortgage calculator provides a useful estimate of how much you could borrow based on your expected rental income.

Simply enter the amount of rent you’re currently receiving (or expect to receive), and our calculator will give you an indication of how much lenders may be willing to lend. If you’re unsure about the rental income, you can use our rent calculator to estimate how much rent you should be charging for your property.

Keep in mind that some lenders are more generous than others, so the estimate provided is only a guide. Additionally, some lenders may consider your earned income from employment or self-employment alongside your rental income when determining how much they’re willing to lend.

Get in touch with us by using our easy-to-use mortgage calculator, and we’ll take the time to find the best deal tailored to your specific needs and financial goals.