Whether your clients have never owned their own residential property or are an experienced buy-to-let landlord, they could benefit from our truly flexible buy-to-let mortgage solutions.

Your clients can borrow from just £10,000 up to £250,000 on a second charge buy-to-let mortgage with Mercantile Trust. We also help those investing in a low value property: we will lend on property values from just £75,000.

Specialist second charge buy-to-let mortgage lending for your clients

  • Smaller loan amounts, from just £10,000
  • Lending up to 75% loan to value (LTV)
  • Lower value properties (from just £75,000)
  • Individuals and limited companies
  • 125% rental coverage
  • First time landlords/first time buyers with no rental history up to 65% LTV
  • Non-standard construction properties
  • Adverse credit considered
  • Properties in England, Wales, Scotland & Northern Ireland

Mercantile Trust provides buy-to-let solutions to those clients with specialist requirements. Customers with credit problems? We can help.

Do they need a flexible approach to affordability calculations? We accept personal income and surplus buy-to-let income to supplement rental coverage. Ask us about top slicing!

Speak to us today. Your customers could get a lending decision in just one call.

Why choose Mercantile Trust?

Customers value our common sense and flexible approach to lending, as we recognise that one size does not fit all. If your customers are looking to purchase an unusual property, their circumstances require personal consideration, perhaps they’ve had credit history issues, or for any other reason they are struggling to borrow, we could be the lender for them.


What is a second charge buy-to-let mortgage?

A second charge buy-to-let mortgage is a loan which allows your client to capital raise and release equity on their existing mortgaged rental property. A second charge mortgage allows your client to borrow money whilst already having their existing first charge mortgage in place.

What are the benefits of a second charge buy-to-let mortgage?

The main benefit of getting a second charge buy-to-let mortgage is that your client can keep their existing mortgage rate, which can save them money from not having to remortgage onto a higher rate. As a result, there are no changes to existing mortgage terms and conditions.

Another benefit of a second charge buy-to-let mortgage is that your client can avoid paying any early repayment charges as the repayment terms are flexible so they are able to save money on interest.

Is my client eligible for a second charge mortgage on their buy-to-let property?

To secure a second charge mortgage your client will need equity in their property and adequate rental income to cover their first and second charge mortgages.

How much can my client borrow with a second charge buy-to-let mortgage?

There are a number of factors that determine the amount that your client can borrow for a second charge mortgage.

The amount of rental income will be taken into account. In addition, lenders will consider other factors that determine how much your clients can borrow:

  • The value of the security
  • The equity position
  • Their credit worthiness

At Mercantile Trust, we offer second charge buy-to-let loans from just £25,000 up to £150,000.

What can a second charge buy-to-let mortgage be used for?

Second charge mortgages allows your client to borrow more money whilst already having a first charge mortgage. Common uses are:

  • Refurbishment
  • Debt consolidation
  • Business Purpose
  • Lease extension
  • Purchasing a second property

Is a second charge mortgage the right solution for my client?

If your client is looking to capital raise then a second charge mortgage may be an alternative solution to a remortgage.

It is important to note that there are risks for any type of borrowing. A second charge buy-to-let mortgage is secured on the property and if your client is unable to repay their loan then their property is at risk of being repossessed.

View our full criteria here