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It's a challenging time if you're looking at remortgaging your Buy to Let in 2026. Here we look at the ins and outs of remortgaging and how to secure the best Buy to Let mortgage deal for you.
Remortgaging a Buy to Let is when you switch to a new mortgage on a property you rent out. It could involve moving to a different lender or staying with your current lender and getting a new deal (referred to as a product transfer).
There are a numbers of reasons for remortgaging a Buy to Let property. These include:
Get fee-free remortgage advice from the award-winning expert advisers at Mortgage Advice Bureau.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Please note some branches of Mortgage Advice Bureau may charge a fee for mortgage advice if you go direct. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. So make sure you use this site, this form or phone number for fee-free advice.
Remortgaging a Buy to Let can be a good way to raise money. This is done by taking out a new mortgage which includes the outstanding value on the previous mortgage, plus the value of the equity you want to release.
When remortgaging a Buy to Let, this money could then be used to:
This depends on your circumstances. If your current mortgage deal ends in the next 6 months, and certainly if it ends in the next 4 months, you should start the Buy to Let remortgage process now instead of waiting in case mortgage rates go down.
By locking in a rate now you can keep it under review to see if a better deal comes up before you switch to your new deal. Also, acting early should reduce the chance of rolling onto your lender’s standard variable rate when your current deal ends. For more advice, see our guide Should I Remortgage Now?
For the best Buy to Let mortgage rates on offer at the moment, take a look at our Best Buy to Let mortgage rates guide which is updated daily.
However, the best mortgage for you depends on your personal circumstances. The award-winning expert advisers at Mortgage Advice Bureau will find the right mortgage for you.
Remortgaging a Buy to Let is a similar process to switching to a new deal on a residential mortgage:
However, when it comes to Buy to Let mortgages, lenders will view your application differently than if you were applying for a residential mortgage. This is because the amount you can borrow is based on how much rent the property can generate compared to the cost of the mortgage. Lenders will look for the expected rental income to meet at least 125% of the monthly mortgage payments. For some lenders this figure is at least 145%. Bear in mind lenders may also require you to have a minimum salary too, usually £20,000 to £25,000. Find out how much you can rent your property for with our rent calculator.
We recommend starting the process of remortgaging your Buy to Let around six months before your current deal ends. This will give you plenty of time to speak to a mortgage broker and consider your options.
The next step is to apply for the mortgage you’ve chosen. It typically takes around four weeks from the date you receive your mortgage offer for your Buy to Let mortgage to complete.
If the property is leasehold it can take a bit longer to remortgage, usually around six weeks from your mortgage offer date, as extra information will be needed by your conveyancer. For more advice, see How long does it take to remortgage.
When you’re remortgaging a Buy to Let, you’ll want to get an idea of how much you’ll be able to borrow. This will help you consider things like if you want to take any equity out of the property.
Use our handy Buy to Let mortgage calculator to get an idea. Then speak to the fee-free expert advisers at Mortgage Advice Bureau.
There are various reasons for wanting to let out your property. These include moving in with a partner, relocating because of work, going travelling or wanting to buy a new home but still keep your current one as a long-term investment.
If you are planning to move out of your property and let it out, you’ll have three main options:
Just because you currently have a Buy to Let mortgage doesn’t mean you’re guaranteed to get a deal from a new lender. There are various reasons for this. For example, if you have a low credit score, you may find it harder to remortgage.
However just because one lender has turned you down, doesn’t mean you won’t be accepted elsewhere. This is because each lender has a different lending criteria. This is why it can be helpful to use a mortgage broker as they will be able to match you to the lender most likely to accept your personal circumstances.
If you’re having trouble getting a mortgage, see our guide Mortgage Declined? Here’s what to do next
If you don’t own a Buy to Let property but would like to, remortgaging your current home to release equity is one way you could do it. However, there are some factors to consider. For example:
Get fee-free remortgage advice from the award-winning expert advisers at Mortgage Advice Bureau.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Please note some branches of Mortgage Advice Bureau may charge a fee for mortgage advice if you go direct. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. So make sure you use this site, this form or phone number for fee-free advice.
If you have a standard Buy to Let mortgage on a property, it can’t be lived in by the owner or their immediate family. If you want to live in your Buy to Let property you will either need to remortgage and take out a standard residential mortgage or convert it to a ‘regulated Buy to Let’. The best option for you will depend on various factors including how long you are planning to live in the property for.
There are some lenders who may be unwilling to approve a mortgage based on the type of tenant you have or expect to have. These can include students and HMO (Houses in Multiple Occupation), although this may be viewed more attractively if the tenants are contractors or other professionals. But again, each lender is different so it’s wise to speak to an expert so you’re fully informed about your options.
No. Stamp duty is not payable when you remortgage your Buy to Let.
This will depend on your circumstances such as whether your costs have increased and if you can afford them if so. If remortgaging costs are too high, you’ll want to consider selling your buy to let property.
HomeOwners Alliance Ltd is registered in England, company number 07861605. Information provided on HomeOwners Alliance is not intended as a recommendation or financial advice.
HomeOwners Alliance Ltd is an Introducer Appointed Representative of Mortgage Advice Bureau (Derby) Limited which is authorised and regulated by the Financial Conduct Authority.
HomeOwners Alliance Ltd is an Introducer Appointed Representative (IAR) of LifeSearch Limited, an Appointed Representative of LifeSearch Partners Ltd, authorised and regulated by the Financial Conduct Authority. (FRN: 656479).
Independent Financial Adviser service is provided by Unbiased, who match you to a fully regulated, independent financial adviser, with no charge to you for the referral.
Bridging Loan and specialist lending service provided by Chartwell Funding Limited, registered office 5 Badminton Court, Station Road, Yate, Bristol, BS37 5HZ, authorised and regulated by the Financial Conduct Authority (FRN: 458223). Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.
