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Trusted advisors for regulated buy-to-let mortgages.

Worried about renting to a close family member? Don’t be; regulated buy-to-lets are simpler than you think. Talk to our expert mortgage advisors today!

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Regulated buy-to-let mortgages

Regulated buy-to-let mortgages are typically seen by most lenders as high risk. Not only will mortgage lenders be wary of dealing with the strict guidelines set by the Financial Conduct Authority (FCA), but they may be concerned that you will charge close family members below the rental market value – raising questions about the anticipated rental income and therefore your affordability. You don’t need to stress.

Our expert team have sourced specialist lenders and negotiated regulated buy-to-let mortgages for clients all over the UK. If you want to rent your property to a sibling, parent or child, we will seek out the most appropriate mortgage lender and regulated loan deals for your situation.


What is a regulated buy-to-let mortgage?

A regulated buy-to-let mortgage, or family buy-to-let as they are sometimes known, enables the borrower to rent their property out to immediate family members – such as a sibling, parent, child, or grandparent. The term regulated is used because mortgages of this kind are different to the standard buy-to-let because they must follow guidelines set by the Financial Conduct Authority. As a result, the application process for regulated mortgages can seem stricter than a standard buy-to-let.

Many lenders tend to shy away from approving regulated buy-to-let mortgages, which are considered something of a niche mortgage type, because there are not a wide range of lenders for this type of mortgage product due to the added risks and strict guidelines involved. If you want to find a regulated buy-to-let mortgage deal, you will likely need to approach a specialist mortgage lender – something we can help you with! If you want to discuss your options in more detail and find a suitable deal, contact us today to get started.

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Why are regulated buy-to-let mortgages becoming more common?

Problems with affordability with house prices for many have meant there has been a rise in recent years of borrowers acquiring a buy-to-let for their immediate family members who don’t have the personal income to afford a standard residential mortgage in their own right. Usually, these are intended for the family member to live in and rent, usually at a favourable rent.

Common examples include parents with greater resources acquiring properties for their children to live in while they are studying away from home, or even family members helping a parent or grandparent to get a property closer to their family members in their advancing years.

Letting to family members can often work well for both parties, but is not without its problems, which is why most lenders tend to view regulated buy-to-lets as a riskier option. Lower rental income due to ‘family rates’, or even slackness or uncertainty when it comes to the regularity or consistency of rental payments, can make lenders reluctant to lend in these kinds of circumstances.

If you are seeking a regulated buy-to-let mortgage deal because you are wanting to rent to family members, getting advice from an experienced mortgage broker at When the Bank Says No, will help you find the right specialist lenders and regulated mortgage deal to suit your circumstances.

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When you think you’ve hit that brick wall and have all but given up hope of finding mortgage finance, When the Bank Says No are here to turn your ‘No’ into a ‘Yes’. We have access to a range of specialist lenders who are willing to help those that the High Street banks just won’t touch. Get in touch today and see how we can turn your dreams into a reality.

Can I get a regulated buy-to-let mortgage with bad credit?

Yes, there are regulated mortgage lenders out there who will consider approving loans even if there is adverse credit, such as missed payments, against your name. In the end, it all depends on your individual circumstances and the nature and recency of the bad credit.

The best thing to do if you’re concerned is to talk to a specialist mortgage advisor. Of course, with poor credit, the number of deals available to you will decrease, and the rates you face might be higher. Because you are already looking for a specialist mortgage product, this can make the process seem incredibly difficult!

Our team has a habit of achieving success for our clients against the odds. Don’t struggle on your own; we’re here to take away the stress and make a family buy-to-let mortgage a reality.

Can I rent my property to my relative for a rental income?

Yes, you can. A standard buy-to-let mortgage might not permit the letting of your property to an immediate relative, whilst more distant relatives may be allowed. If you want to rent to your immediate family, you will likely need a regulated buy-to-let mortgage from a specialist lender.

However, if you are intending to let only a small part of the property to an immediate family member, you may be able to get a conventional or unregulated buy-to-let. For example, if it is a house of multiple occupancies (HMO) and only one bedroom is occupied by a family member, you may not need a regulated buy-to-let. Generally, less than 40% occupancy by a family member is usually fine, meaning that a regulated mortgage would not be required.

Frequently Asked Questions

How much deposit is required for a regulated buy-to-let?

As regulated buy-to-lets are considered riskier by mortgage lenders than a standard buy-to-let or a residential mortgage, the expectation is that the required deposit will be a loan-to-value amount higher than normal. The majority of lenders will require a deposit of around 25%, although this may be even higher if you have any adverse credit against your credit record. This mean that most lenders will not lend any more than 75% loan to value (LTV) when seeking regulated buy-to-let

As expert mortgage brokers, we can often negotiate on your behalf to obtain a better deal for you. If you are in a position where you can provide a higher deposit then this may help you access better deals with lower rates of interest or more preferential terms.

If the family member you are renting to moves out and you want to let the property to someone unrelated to you now, you may be able to remortgage the property to a conventional buy-to-let mortgage. Regulated buy-to-let mortgages don’t tend to come with the most attractive lending rates, so making the switch to a standard buy-to-let mortgage when possible can be a great idea.

Whatever the situation, our friendly advisors will be more than happy to discuss the ins and outs of remortgaging in more detail. Talk to us whenever is convenient for you and we can start the process and get you access to the right specialist lenders!

Yes, you can sell to family members. The family member would simply need to apply for a standard residential mortgage for the property. Alternatively, if you wanted to give the family member a discounted price below market value, they could apply for a concessionary purchase mortgage.

This would allow them to use the discount as their deposit and may make the purchase easier for them financially. For that reason, this is a popular option for parents selling a property to their children.

If you own your second home outright and there is no mortgage currently on it, you are free to do whatever you want with it. However, if the property has either a standard residential mortgage or a standard buy-to-let mortgage, you will not be permitted to let this out to an immediate family member. You are likely to be in breach of your mortgage conditions if you do so.

The best thing to do in this situation is to talk to a mortgage advisor about remortgaging. By switching to a regulated buy-to-let, you will be able to lend to your children without any stress.

No. Lenders consider regulated buy-to-let mortgages high risk, so they tend to assess them differently than conventional buy-to-lets or residential mortgages. You may face stricter affordability and credit checks, including your annual income, potential rental income, and be required to put down a larger deposit. If you are self-employed then lenders will usually assess your suitability based on your net income rather than gross annual income or turnover and a larger minimum deposit may be required.

With a regulated buy-to-let you also are likely to have to make mortgage repayments on the capital amount borrowed in contrast to an interest-only buy-to-let where the mortgage payments only cover the interest. However, don’t worry about your affordability unduly. Talk to our team first and we can work out the right approach for your circumstances to secure the best mortgage deals from lenders prepared to help you.

Expert guidance for regulated buy-to-let mortgages.

Renting to a family member can be a mutually beneficial relationship for both parties, but finding a mortgage to allow this to occur can sometimes be complicated. When the Bank Says No has helped many clients apply for and achieve regulated buy-to-let mortgages. From remortgaging to a regulated buy-to-let to purchasing a property to rent it to a family member, our mortgage brokers can help you figure out the best approach for your circumstances, credit history and ambitions.

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