Buy-to-let mortgages in Lanarkshire & Glasgow

Most buy-to-let lenders want a deposit of at least 25%, though some products are available at 20%. Unlike a residential mortgage, how much you can borrow is based mainly on the rent the property is expected to earn, as well as your own circumstances. We search the whole market for first-time landlords and experienced investors across Glasgow and South Lanarkshire.

Who we help

First-time landlords buying their first rental property
Experienced landlords growing a portfolio
Limited company (SPV) buyers
Homeowners letting out their current home (let-to-buy)
Landlords remortgaging an existing buy-to-let

How much can I borrow on a buy-to-let?

Lenders run a "rental cover" check. They compare the expected monthly rent against the mortgage payment, using a test rate set by the lender. The rent usually needs to cover the payment by a set margin. Your own income, your tax position and whether you're buying personally or through a limited company also affect the result.

Buying a rental property in Scotland

There are a few Scotland-specific points to plan for:

Additional Dwelling Supplement (ADS): an extra Land and Buildings Transaction Tax charge when you buy an additional property. Check the current rates with Revenue Scotland or your solicitor.
Landlord registration: private landlords in Scotland must register with their local council before letting a property.
Private Residential Tenancy: most new lets in Scotland use this tenancy type, which affects notice periods and how you manage the let.

We'll help you factor these into your plans before you buy.

Personal name or limited company?

Buying through a limited company can change how rental income is taxed, and many lenders now offer limited company buy-to-let mortgages. Which option suits you depends on your wider tax position, so we recommend speaking to an accountant. We can then find the right mortgage for whichever structure you choose.

Buy-to-let FAQs

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

A small number of lenders will consider it, but most prefer you to already own your own home. We'll tell you what's possible.

Do I need a minimum income?

Some lenders set a minimum personal income, often around £25,000, while others have none. It varies by lender.

Can I let out my current home and buy a new one?

Yes. This is called let-to-buy. You'd need a buy-to-let mortgage on the property you're letting and a residential mortgage on your new home, and we can arrange both.

Can you help me remortgage my rental properties?

Yes, whether it's a single property or a portfolio.

Important information

Most buy-to-let mortgages are not regulated by the Financial Conduct Authority.

Talk to us

Call 01355 511068 or email Hello@YNSmortgage.com for a free, no-obligation chat. We're open evenings and Saturdays.