Buy-to-Let Mortgage With Bad Credit Investment Property Despite Adverse Credit
Can you get a buy to let mortgage with bad credit? Yes. A buy to let mortgage bad credit case is assessed differently to residential — the rental income the property generates matters more than your personal income, though your credit history still affects which lenders will consider you and the deposit required, typically starting from 25%.
Buy-to-let mortgages with bad credit are available through specialist lenders. The primary assessment for buy-to-let lending is the rental income coverage ratio alongside the adverse credit assessment.
🏦 What Lenders Look At
- Rental income — must typically cover 125-145% of the mortgage payment
- Type and age of adverse credit
- Deposit — typically 25-30% for buy-to-let with adverse credit
- Whether you own your own home — some lenders require this
- Overall portfolio if you are an existing landlord
❓ Common Questions
Do I need to own my home to get a buy-to-let mortgage with bad credit?
Some lenders require you to be a homeowner for buy-to-let applications. Others do not. Darryl will identify the lenders who do not have this requirement.
What rental yield do I need for a buy-to-let with bad credit?
Lenders typically require rental income to cover 125-145% of the mortgage interest payment.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT.
This page is for general information only and does not constitute regulated financial advice. The Mortgage Geezer is a trading style of Access Financial Services Ltd who are authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 301173. Registered in England No. 04427489. Registered office address Access Financial Services Ltd, Unit 1 Furtho Court, Towcester Road, Old Stratford, Milton Keynes, MK19 6AN.