Buy-to-Let (BTL) Mortgage Calculator (Oct 2021)
Why Use Our FREE Instant Buy To Let Mortgage Calculator?
⏱️ Get results in just 8 seconds.
Do You Need a Buy-to-Let Calculator?
Try Our Buy to Let Mortgage Calculator and Find Out What You Can Qualify For. This Could Be Your Opportunity to Unlock Cash From Your Home & Save on Tax
Got a Question?
Need a Quick Answer?
* Get an expert to give you a quick call.
Before You Start Reading....
Let's See How Much You Can Release Below 👇
It's VERY FAST, takes just 8 seconds
The Buy-to-Let Calculator Explained
Life after retirement can be quite challenging, especially if you don’t have enough income to supplement your pension or maintain your lifestyle. By taking out a buy-to-let mortgage plan, you can easily purchase an estate and start living the life you’ve always wanted to live.
If you’ve always been looking forward to going to the Bahamas, the lifetime mortgage scheme can help you do so and so much more.
The estate market prices are on a high in Oct 2021. Therefore, more than 60% of retirees are looking to invest in the real estate market. Since it’s hard to acquire estates with your pension income or regular incomes, most retirees, those eligible for the equity release plans are opting to take out the buy-to-let mortgage.
The buy-to-let mortgage is a lifetime mortgage option that specifically designed for landlords and investors who are interested in owning a stake in rental properties. It allows you to develop your buy-to-let (BTL property portfolios, which, in turn, can ultimately benefit your tax and retirement planning.
Instead of selling your current buy-to-let estate to raise some surplus funds for retirement, thus possibly incurring capital gains tax, landlord and real estate investors are progressively using equity release2 to help attenuate their tax position.
When you take a tax-free lump sum from your BTL estate investment, the rental income is unaffected, and you can use the capital to invest in more estates or to upgrade your lifestyle. To figure out the amount you qualify for with the buy-to-let mortgage, you have to use the buy-to-let calculators.
With that, here’s a comprehensive guide to the buy-to-let lifetime mortgage calculator.
How to Use the Buy-to-Let Calculator
For you to get an idea of the maximum amount you can borrow with the but-to-let estate release in Oct 2021, you can use the BTL mortgage calculator and simply input:
You have to input this information since it’s the criterion that equity release plan providers use when they’re figuring out how much capital you can borrow.
Unlike other forms of residential mortgages available in Oct 2021, with the buy-to-let mortgage, you don’t have to input your current rental income since plan providers don’t consider that when they’re deciding how much they will lend you.
What’s A Buy-to-Let Mortgage Calculator?
The buy-to-let calculator the mortgage works as an instrument of the buy-to-let mortgages that offers you an indication/estimation of the potential rental income amount you can get with a buy-to-let loan.
Can You Get A Buy-to-Let Mortgage With 10% Deposit?
Yes, you can. However, your deposit must be a minimum of 25% of the estate value. It’s not currently possible to get a buy-to-let mortgage deal if you place a deposit of less than 20% of the property purchase price.
Buy-to-Let Calculator – How Much Can You Borrow?
Well, the amount you can borrow with buy-to-let mortgages is linked to the amount of rental income you estimate you’ll be receiving. Plan providers typically require the rental income to be 25%-30% higher than your mortgage payment.
However, the buy-to-let calculator mortgages allow you to figure out the amount you can get. The mortgage plan requires you to input your estimates estate market value, the youngest proprietor’s age and your home’s location.
What to Consider When Buying A Buy-to-Let Mortgage?
A buy-to-let estate is an attractive option if you want to invest, especially with the estate market been on the rise across the UK. However, while it might be tempting to rush to the bank for a buy-to-let mortgage, it’s good to consider a few things:
- Unlike other mortgage plans, buy-to-let mortgages are harder to qualify for since they’re considered riskier than other lifetime mortgage schemes.
- The buy-to-let mortgage affordability calculation is worked out differently – most lenders check your income and expenses. With a buy-to-let mortgage, however, the plan provider considers if the rental income you might receive from the estate is enough to cater to the mortgage repayments.
There’s more to buy-to-let lifetime mortgages than monthly repayments. You also have to consider:
- estate agency fees
- cleaning, repairs and maintenance
- buildings and landlord insurance
- marketing costs
Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations.
How Much Can You Release?
Use the FREE Calculator Below 👇
It's VERY FAST, takes just 8 seconds
What people say
You may also like
Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
Use our free equity release calculator & see how much you can release today.