Can I get a buy-to-let mortgage as a first time buyer?

May 29, 2024

can a first-time buyer get a buy-to-let mortgage

Considering applying for a buy-to-let (BTL) mortgage, but unsure whether you’ll be approved due to your first-time buyer status?

At UKMC, our mortgage advisors are experts in BTL mortgages and helping first-time buyers, so you’ve come to the right place.

What is a buy-to-let mortgage?

First, it’s important to explain what a BTL mortgage actually is.

A BTL mortgage is a specific mortgage deal specially offered to individuals that want to purchase a property to rent out to tenants, rather than to live in it themselves.

Often, BTL mortgages are interest-only (meaning you only pay the interest each month, not the capital owned), come with higher interest rates than standard mortgage arrangements, and typically require a higher deposit too.

BTL properties are generally considered a good investment because they provide a regular source of income and offer potential long-term yield following an increase in property value.

However, BTL properties still come with risks and require plenty of maintenance, so it’s worth discussing your aims and options with the relevant professionals.

Can a first-time buyer get a buy-to-let mortgage?

So, can first-time buyers get a buy-to-let mortgage? While the answer to this question is yes, it’s certainly possible for first-time buyers to get a BTL mortgage, it’s harder for them to do so.

BTL mortgage lenders tend to adopt a more cautious approach and implement a stricter eligibility criterion for these customers because this type of investment is regarded as riskier than traditional residential mortgages.

Fortunately, you can make yourself a more attractive first-time buyer candidate for a BTL mortgage.

Crucially, you’ll need to demonstrate that you have a healthy annual income of at least £25,000, a deposit of at least 20% of the property’s value, and a good credit history.

If you’d like to learn more about how lenders assess affordability or require help obtaining a mortgage as a first-time buyer, please don’t hesitate to contact our knowledgeable team of experienced mortgage advisors today.

Seeking first-time buyer mortgage advice?

Unsure about the benefits of a buy-to-let mortgage vs being a first-time buyer?

Regardless of whether you want to find out more about obtaining a buy-to-let mortgage as a first-time buyer or are more interested in interest-only mortgages for first-time buyers, the expert team of UKMC advisors can help.

At UKMC, we understand the various challenges that first-time buyers can face. From deciphering complex mortgage jargon to choosing the best home-buying scheme or deal out of thousands of options, this process can seem incredibly daunting – but it needn’t be!

To book your appointment with our down-to-earth team and discuss your options as a first-time buyer, please feel free to give us a call on 01925 573328.

Alternatively, you can also request a call back using our online contact form or by sending your enquiry via email to

Prefer a more personal touch? If you’re local to the Cheshire area, why not pay our family-run business an in-person visit by coming down to our Warrington office?

A member of our friendly team will be more than happy to learn more about your mortgage requirements and how we can help.


UK Mortgage Centre is a trading style of Refresh Mortgage Network Limited. Refresh Mortgage Network Limited is authorised and regulated by the Financial Conduct Authority. FRN – 826982. Registered in England & Wales: 11614569. As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments. The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages. The Financial Conduct Authority does not regulate will writing and taxation and trust advice.