Guides / Buy to let mortgages

Becoming a first time landlord

What to think about before buying your first rental property, from mortgage criteria to ongoing responsibilities.

Buying a property to let out is a different process to buying a home to live in yourself. Lenders assess buy to let applications partly on the likely rental income the property could achieve, alongside your own income and circumstances, so it's worth understanding this before you start searching.

Beyond the mortgage itself, becoming a landlord comes with ongoing responsibilities, including safety checks, deposit protection and decisions about whether to manage the property yourself or use a letting agent. It's worth thinking through these practicalities before committing to a purchase.

We talk through all of this with first time landlords so there are no surprises after completion and we stay available for advice as your circumstances or plans develop, whether that means adding further properties in future or reviewing your mortgage as your first deal comes to an end.

Interested?

Get in touch and we will come back to you within one working day.

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Reviews

What our customers say

★★★★★

As first time buyers we had no idea where to start. They explained everything patiently and never made us feel rushed, even when we had the same question twice.

Amy RFirst time buyer, Exeter
★★★★★

They got in touch a few months before our fixed rate ended, which meant we avoided being moved onto a much higher rate without noticing. Wish we'd used them for our first mortgage too.

Chris and Nikki BHomeowners, Paignton
★★★★★

Buying our first rental property felt like a big step, but they talked us through the whole process and were honest about what we needed to think about beyond just the mortgage.

Michael DLandlord, Torquay