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Buy-to-Let mortgages

Get the best deal to boost your rental income 

Looking to earn extra income with a buy-to-let? Perhaps you want a better deal for your existing rental. Whatever your needs, Saga Mortgages is here to help.  

We work with Tembo to make buy-to-let mortgages feel easy. Get expert advice from a friendly team, and the best deals from the entire market. Don't forget a mortgage is a loan secured against your property. You may lose it if you don't repay each month.  

Types of Buy-to-Let mortgages 

Standard Buy-to-Let 

You buy a flat or house and rent it out to tenants. It’s normally interest only. But you can find some repayment options, too. 

Family Buy-to-Let 

You rent out a flat or house to a family member. You can also live with them at the same time. This isn’t possible with a standard Buy-to-Let. 

Let-to-Buy 

This lets you switch your current home’s mortgage to a Buy-to-Let. This means you can rent it to tenants, while you buy a new home. It might be a good option if: 

Top slicing 

Affordability for a Buy-to-Let mortgage is typically worked out using the rental yield. If that's not enough, you could look at top slicing. This uses the rental yield and your personal income.   

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Knowing your mortgage options

Saga Mortgages can help you understand and navigate your mortgage options.

Finding out which products are available starts with knowing which ones you're eligible for and we can help with that.

Am I eligible?

How much can you borrow? 

To work out affordability, lenders use your current or future rental yield. The monthly rent must be 25% more than your repayments. This shows you can cover the costs.  Deposits tend to be larger than with home mortgages. A lender will typically want you to put down 25 to 40%. Lenders will also look at things like your credit score. 

Worried you can’t borrow enough? You could look at top slicing, which uses your income to boost affordability. 

Is it difficult to get a Buy-to-Let mortgage? 

It can be harder to get a Buy-to-Let mortgage. Some of the reasons include: 

Do you need an income? 

Most lenders will want you to have some form of income. If you’re unsure about this, you can talk to our team of experts.  

Can you rent to your family? 

Yes. You can rent to loved ones, but you will need a Family Buy-to-Let mortgage. This ensures everything is above board. 

How do you apply? 

Register here to see if you’re eligible. We’ll then invite you to a chat with no obligation to proceed. Your personal advisor will show you mortgage options from over 80 lenders. If you choose a deal, we’ll then verify your income, outgoings, identity and credit history. 

Why choose Saga Mortgages? 

We’re here to help over-50s in the property market. You can expect award-winning advice from a team of friendly mortgage experts. Available seven days a week, their goal is to find the best deal for you.  

What lenders will you get access to? 

Through Saga Mortgages, you can access over 20,000 products from over 80 lenders. This includes high-street lenders like Nationwide, Halifax, Lloyds, Barclays and HSBC. It also includes deals from specialist lenders like Livemore. 

A range of lenders all in one place

Browse and choose competitive rates from a choice of lenders
BM Solutions
Coventry Building Society
Kensington
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Here and ready when you are

Whether you have questions about a specific kind of mortgage or just want to find out more, the expert team are on hand to help.

0330 018 3071

Mon-Thu 9am-8pm
Fri 9am-5:30pm
Sat-Sun 10am-3pm

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Important

Your home may be repossessed if you fail to repay your mortgage. Saga Money may receive payment from Tembo if you get a mortgage offer via the Saga Mortgages service. This will not affect the amount you pay for the service.

Saga is a registered trading name of Saga Personal Finance Limited, which is registered in England and Wales (company number 3023493). Registered office 3 Pancras Square, London, N1C 4AG. Saga Personal Finance Limited is authorised and regulated by the Financial Conduct Authority under the registration number 178922.

Tembo Money Limited (12631312) is a company registered in England and Wales with its registered office at 18 Crucifix Lane, London, SE1 3JW. Tembo is authorised and regulated by the Financial Conduct Authority under the registration number 952652. Tembo Money was awarded Best Mortgage Broker at the British bank awards in 2022, 2023 and 2024.