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Buy to let mortgage calculator

Whether you’re a first-time landlord or are looking for new property investments, our Buy-to-Let mortgage calculator is a fantastic tool that provides you with all the information you’ll need to get started with your Buy-to-Let mortgage.

 


BTL Mortgage calculator

How to use a Buy-to-Let mortgage calculator

Our Buy-to-Let calculator is built to help you better understand exactly how much you can borrow and how high your repayments will be when taking out a Buy-to-Let mortgage.

To find out the details of your loan, you’ll first need to input some important information it the boxes. Make sure you enter your details as accurately as you can to ensure your results are as precise as possible. The information we need from you includes:

  • Loan amount: This figure is the net loan amount required — the amount you receive before any fees or interest is applied to the loan.
  • Term (years): The length of time, in years, that you have to repay your loan.
  • Interest rate (%): The interest you’ll be charged for taking out the Buy-to-Let mortgage. This is calculated at a monthly rate.

How much can I borrow?

Buy-to-Let mortgages can vary greatly in size as they can be taken out for a number of residential investment properties. A new development of city-centre flats, for example, will require a much larger loan than a single house. 

At Positive Commercial Finance, we offer a wide range of Buy-to-Let mortgage sizes to accommodate all our customers. As such, we can secure Buy-to-Let mortgages anywhere from £25,000 to 50 million. 

Buy-to-Let deposits

Generally speaking, most lenders expect a minimum deposit of 20% to approve a Buy-to-Let mortgage. Your deposit doesn’t impact how much you can borrow, however, it could open up cheaper interest rates for you, helping to save money in the long run.

What’s the difference between a Buy-to-Let mortgage and a residential mortgage?

Buy-yo-Let mortgages are commonly offered on an interest-only basis, unlike most traditional mortgages. This means that your monthly payments will only cover the interest you’ve accrued. If you wish to reduce your capital debt — the money you have borrowed from a lender — you’ll need to choose to make additional payments.

You’ll need to pay off your capital debt in full at the end of your loan term, which you can do by selling your property or by taking out another mortgage.

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Positive Commercial Finance is a trading name of Business Financial Solutions Limited. Registered in England & Wales 06451075. Registered office address Warth Business Centre, Warth Road, Bury BL9 9TB. Authorised and regulated by the Financial Conduct Authority (716012). Full members of the NACFB and FIBA. ICO registration reference Z1196910.