How much do you want to borrow? £50,000

£10,000 £750,000

Over how many years? 10 Years

3 Years 25 Years


The Buy to Let Mortgage Experts...

Mercantile Trust are the UK's leading experts in buy-to-let mortgages.

At Mercantile Trust, we specialise in helping customers just like you buy residential properties or release equity from existing properties. Our flexible, experienced team of experts provide a level of service and support that is second to none, and they do their very best to make sure you get the mortgage you need.

Whether this is your first buy to let mortgage, or whether you have an established portfolio of properties, you know it's essential to find the right mortgage provider. At Mercantile Trust, we are here to help and support you through the life of your mortgage, from application through to completion and beyond.

Our team of experts know that our customers are individuals, and their needs are unique, so they will make sure they understand your specific requirements, and provide the very best buy to let mortgage.

We know that getting the right mortgage is one of the main elements to a successful buy to let property. So we will ensure that your rates and terms are the very best we can provide and make certain that your mortgage is processed quickly and with no delays.

The sooner you can secure your mortgage, the sooner you can begin enjoying the rewards!

How Can We Help You?

If you are looking for a mortgage to buy a property to rent or for investment, we can help you.

We specialise in buy to let mortgages and always ensure that the quality of our service is second to none, making us a company you can trust to deliver the deal and service you want.

We provide First Charge and Second charge buy to let mortgages and specialise in providing mortgage deals ideal for landlords just like you.

We can help first time buyers as well as experienced landlords with a large portfolio of rental properties. We can also provide HMO Mortgages as well as mortgages for Limited Companies.

We have a range of Capital and Repayment or Interest Only buy to let mortgages (also known as "BTL mortgages"), available. We offer Fixed Rate as well as Variable Rate interest rates and will always ensure that the mortgage term and mortgage payments are the very best for your needs.

What is a Buy-to-Let Mortgage?

A buy-to-let mortgage is a finance agreement that allows you to purchase a property in order to rent it to a third party.

A regular residential mortgage does not let you rent the property out, unless you gain the permission of your mortgage lender. Whilst residential lenders may give you permission if you ask for it, there will often be an additional charge to do so.

Our first charge mortgages are intended for the sole purpose of purchasing a property to rent, so no additional fees are charged for doing so.

Buy-to-let mortgage applications are assessed mainly on the potential rental income of the property i.e. how much rent can be charged for the house or flat / apartment being purchased. This means that there are far fewer affordability checks, however it is essential to ensure that you can afford the mortgage, as the property may be repossessed if you do not keep up with the repayments.

Buy-to-Let Mortgage Deposits and LTVs

The amount of deposit you have available can have a significant impact on your mortgage.

The higher the deposit, the lower the amount of credit required. If you borrow less money, your monthly payments and interest rates could be lower and the total amount you repay could be reduced.

We can lend you up to 75% of the value of the property which means you will be required to pay a 25% deposit. If you want to discuss your circumstances in advance, just give us a call and we'll be happy to help.

Buy-to-let mortgage applications are assessed mainly on the potential rental income of the property i.e. how much rent can be charged for the house or flat / apartment being purchased. This means that there are far fewer affordability checks, however it is essential to ensure that you can afford the mortgage, as the property may be repossessed if you do not keep up with the repayments.

Application Criteria

We will do our very best to help everyone, however there are certain criteria that must be met in order to apply:

Applicant Criteria:

  • Applicants must be at least 18 years old
  • The maximum age for applying is 80 years old
  • Individual and Corporate ownership welcome
  • Minimum rental cover 125%
  • Maximum number of applicants is 4
  • Up to 5 loans per applicant
  • 3 Years residency history will be required
  • 12 month mortgage or rental history needed
  • E-ID (“electronic identification”) required, or proof of ID where E-ID unsuccessful
  • Loans available in England, Mainland Scotland, Wales and Northern Ireland
  • Mortgage Criteria:

  • 1st Charge mortgages must be between £10,000 and £750,000
  • 2nd Charge mortgages (i.e. equity release) available up to £500,000
  • HMO (“Homes of Multiple Occupancy”) Mortgages and Ltd Company Mortgages welcomed
  • Up to 75% LTV
  • Minimum rental cover 125%
  • Landlord Tips

    We are always here to help you and we want your property to be a success – here are a few useful tips and hacks we picked up over our years of lending…

    Always be prepared for times when there’s no rent coming in

    In the life of any rental property, there will almost certainly be periods when there are no tenant and no rent is being received. It is essential to plan ahead for these times (known as “voids”) as you will still be required to make your mortgage repayments in order to retain the property.

    During the times you are receiving rent, transfer some of it to a savings account and keep this account topped up whenever possible. This money can be used to make mortgage payments during voids, or to cover any unexpected repair bills such as blocked drains or a broken boiler.

    Never rely on the sale of the property to repay its mortgage

    Assuming that you will be able to sell a property in order to repay the mortgage can be a risky trap to fall into. Even in a buoyant economy there is always the danger of house prices dropping. If this was to happen, you may not be able to sell your property for as much as you anticipated, and you would still have to cover the difference on the outstanding mortgage.

    Second Charge Buy-to-Let Mortgages

    If you want to raise some extra cash and release some equity from an existing rental property, our second charge buy to let mortgages could be the ideal solution.

    Whether you want to raise the money for a deposit for your next property, to renovate an existing property or for any other reason at all, a second charge buy to let mortgage is a great way to get the capital you need, fast.

    At Mercantile Trust, we know that when you need extra cash, the last thing you want is frustrating delays. That’s why we specialise in processing our second charge BTL mortgages as quickly as possible. We will need to request and assess some information from you, but we do not require long-winded income and expenditure checks – we don’t even need to involve solicitors!

    So if you need to release money fast, apply today and you could have your money before you know it!

    Please note that in order to assess your application and provide you with an accurate quote, we will request further information from you on submission of your application. Calls may be recorded for training and monitoring purposes.