How To Apply for a Buy to Let Mortgage

To start the process and apply for a buy to let mortgage, take a look at our Buy to Let “Best Buy” Tables and “Mortgage Finder” tool. Then simply speak to one of our Buy to Let advisers on 0800 151 2407 or 0121 308 9114, or alternatively complete the short enquiry form and an adviser will contact you. The initial consultation to discuss your Buy to Let requirements is free.

We gather information and search the market

We’ll arrange a suitable time to complete a Buy to Let fact find with you, so we can understand your needs and preferences and the type of Buy to Let mortgage you are looking for.

We will also use some of the latest technology to search across our comprehensive panel of lenders to find the best deal for your circumstances.

Details of the Buy to Let recommended will then be forwarded to you in a welcome pack so you can consider whether to go ahead. This pack will contain an illustration and formal application form for the lender selected. It will also detail what other information or documentation is required by Caboodle or your lender should you decide to go ahead.

Have you thought about the risks…

Your personal needs will be discussed to make sure your property and investment income are protected as much as possible against any unforeseen events.

Apply for a Buy to Let Mortgage – Processing your application…

Once you have reviewed the Buy to Let mortgage illustration and decided to proceed, we will collect all the relevant documentation from you so we can submit them to the lender to apply.

We will process your application from start to finish which will save you time and hassle. We will also liaise with the solicitor, estate agent and lender to ensure things run smoothly.

You will be given a dedicated contact here at Caboodle should you have any questions and we will provide regular updates about your application.

We will obtain an offer from the lender for you, explain any terms and conditions and make sure the Buy to Let mortgage recommended still meets with your requirements. A copy of the offer will also be sent to your solicitor.

Your Buy to Let Mortgage completes…

The solicitor will request funds from your new mortgage lender and either send them to the sellers’ solicitor to complete the purchase or to your previous lender to clear your existing mortgage if you are remortgaging.

Any surplus monies will be sent direct to you after payment of any other disbursements.

After completion we will contact you to ensure you were happy with our service and answer any questions you may have about the Buy to Let mortgage or protection products.

We will keep in regular contact with you after your Buy to Let mortgage completes to make sure everything continues to meet with your satisfaction and we will undertake regular reviews to ensure you remain on the most competitive product.

THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE SOME TYPES OF BUY TO LET AND INVESTMENT MORTGAGES.