Why choose Mercantile Trust?
With our common sense approach to lending, we offer flexible and quick solutions tailored to your needs.

What is a First Charge Buy to Let Mortgage?
A First Charge Buy to Let Mortgage is the primary loan secured against a property. It means the lender holds the first legal claim on the property if the loan is not repaid. This type of mortgage is commonly used when purchasing or refinancing rental properties, offering competitive rates and higher loan amounts than second charge or unsecured options.
First charge Buy to Let criteria
- Nationwide Coverage: Available for properties across England, Scotland, Wales, and Northern Ireland
- Borrowing on Buy to Let, HMO, Holiday let , MUFBs, and Student Lets for any legal purposes
- Competitive LTV: Borrow up to 75% loan-to-value (LTV)
- Loan Sizes: Borrow from £10,000- £500,000
- Mortgage terms: Available from 36-300 months
- Age eligibility: Applicants must be at least 18 years old
- Diverse Property Types: Most construction types accepted
- Landlord-Friendly Terms: No minimum income required for existing landlords
- Flexible Repayment: Interest only or capital repayment options
- Product options: Various fixed rate options available, including a 5 year fixed rate with no early repayment charges
Application process
1
Simply fill out the Enquiry Form to arrange a call back or call our expert team on 0800 032 3737
2
We will take time to understand what you want to achieve and ensure you qualify for a loan with us
3
If approved you could have the funds in 48 hours

Ready to get started?
We are here for anyone who needs flexible and tailored loan solutions. Whether you have complex income, have imperfect credit, are employed or self-employed, or need faster access to funds than a high street lender can offer — we’re here to help.
Let’s discuss how we can help your next investment. Speak to an expert.