Complex Buy To Let Mortgages

Complex Buy To Let Mortgages

Do you have a buy to let situation that seems more complicated than most? This page should give you the information you need.

What would be considered a Complex Buy to let mortgage?

Complex buy to let mortgages are mortgages where a property is let to a tenant but the situation is a bit more complicated than normal.

The reason that a case may seem to be a complex buy to let mortgage can be down to several different things.

For example, the property itself may make the case seem complex. If the property has a selling restriction on it like an age restriction, non-standard construction or may require a complex residential mortgage this will limit the number of lenders that could consider this property.

The tenant may be the reason that the application is complex. If the property is rented to a tenant who has a lifetime tenancy, this again will make the marketplace very restricted.

It may be that you are purchasing a buy to let property from an estate using inherited equity as a deposit source. This would make the transaction complex, with many lenders unable to carry out the transaction.

Complex buy to let mortgages can often still take place as long as you approach the correct lender and meet lending criteria.

A skilled mortgage adviser would be able to assess the situation to then recommend a lender accordingly.


An expert mortgage adviser on the phone speaking to a customer

How much do you need to earn to qualify for a Complex Buy to let mortgage?

Just because your buy to let mortgage case is complex, it does not mean you need to earn a certain level of income to qualify for the mortgage.

It may be that the income itself is the reason that the case is complex. For example, a company director may choose to reinvest their company profits rather than withdraw them as a dividend.

This would mean that they would not fit the income criteria of every lender and could result in the mortgage being regarded as a complex buy to let mortgage.

Some buy to let mortgage lenders have a minimum income criteria with a common threshold being £25,000. However, there are also buy to let mortgage lenders that have no minimum income criteria at all and just need to be comfortable with the overall financial position of the applicant.

The amount of income that is needed to qualify for a buy to let mortgage depends on each lender’s rules. It will not necessarily be linked to the complexity of the overall transaction.

A skilled mortgage adviser would be able to assess your income before advising which lenders may consider your application.

Do all lenders offer Complex Buy to let mortgages?

Lenders do not necessarily offer complex buy to let mortgage products, but depending on the case, some can take on complex scenarios.

The overall situation will determine which lenders are available for each transaction.

Some buy to let lenders limit their applications to straightforward transactions. This means that complex cases will likely fall outside of their remit.

It is your mortgage adviser’s job to be able to recommend a suitable mortgage lender depending on your situation.

Row of terraced houses that have more complex mortgages

Would bad credit be a factor in creating a complex buy to let mortgage?

A buy to let mortgage may become complex if somebody has bad credit. Not all lenders will lend to applicants that have bad credit, so it can make the case more complex. Lenders would need to know what the adverse credit consisted of, why it happened and whether it has been repaid.

Bad credit comes in many different forms such as repossessions, county court judgements, bankruptcies, defaults, individual voluntary arrangements and more.

Your mortgage adviser would need to know the full details of your credit background and overall situation to be able to match you with a suitable mortgage lender.

If you would like to know more about your credit history, you can go to Check My File to sign up for a free trial.

Do you need a special type of mortgage broker for Complex Buy to let mortgages?

If you are looking for a complex buy to let mortgage, it would be prudent to look for a mortgage advisor that has plenty of experience in buy to let mortgages.

Ask your mortgage adviser if they have the relevant experience in dealing with complex buy to let mortgages.

Your mortgage adviser would need to get a full understanding of your deposit, income, dependants, debts and other monthly commitments, expected rental income and your credit history.

With this information, they can search for a lender for you.

Happy mortgage broker giving free mortgage advice over the phone


Would the interest rate be higher for Complex Buy to let mortgages?

The interest rate would not always be higher just because a case is complex.

Some High Street lenders can offer mortgages for transactions that are more complex than others.

If this is the case, the interest rate would usually be in line with that of the rest of the market, depending on the products at that time.

The transaction may be outside the criteria of High Street lenders, then a specialist lender is required. If this is the case, a higher interest rate will likely be payable. Specialist lenders can often handle a lower level of business than the larger lenders.


It is certainly possible to get a complex buy to let mortgage, but it would depend on your overall situation and each lender’s criteria. Your buy to let situation may be complex due to the property, your income, the tenancy agreement, the deposit or your credit file.

The buy to let mortgage market is a minefield so it is always worth finding an experienced adviser who can inform you of your options.

Please complete the contact form if you would like I NEED ADVICE to match you with a qualified mortgage adviser with experience in complex buy to let mortgage transactions.

The information on this page is not tailored to any individual readers and should not be considered financial advice under any circumstances.

If you are seeking advice about a mortgage, you should consult a qualified professional.

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