Help, advice and information on Covid-19 for UK landlords

The Commercial Trust Covid-19 landlord hub shares information, resources and help for those managing rental property across the UK amidst the Coronavirus pandemic.

Click through on the links below for information specific to your enquiry today.

The current buy to let mortgage lender position

We are an independent, specialist broker of buy to let mortgages, commercial mortgages and bridging loans.

Our lenders are representative of the UK marketplace. In the buy to let arena we normally work with in excess of 80 UK lenders, both high street and specialist.

Can I still get a buy to let mortgage or remortgage?

Yes!

Currently, some fringe buy to let lenders have temporarily stopped taking new applications for buy to let mortgages, others have changed their lending criteria.

Can I still borrow at up to 85% loan to value?

No.

85% loan to value products have temporarily been taken off the market, this has happened previously and one lender did return at this LTV threshold, but they have again exited the market. Contact us for the latest position.

What is the maximum loan to value I can achieve, right now?

80% loan to value, subject to other criteria.

We need to know various information about you and your property before we can establish which product best suits your needs and circumstances, but at present there are still lenders accepting a 20% deposit on a buy to let mortgage.

Who do I speak to about mortgage payment holidays?

Contact your mortgage lender if you need to arrange a mortgage payment holiday or to discuss the options available to you.

Contact your mortgage lender

Tenants facing financial difficulties

If your tenants are facing financial challenges through loss of income, they may be eligible for Universal Credit. 

How to claim Universal Credit

Tenants asking for rent reductions / adhering to your mortgage contract

Practical information on what to do, what your obligations are and how you can navigate Covid-19

Tenant needs and your obligations

Tenants who have to move during Coronavirus

Wherever possible, tenants should not move properties during lockdown. If a move is essential the following may help:

Tenants moving during the lockdown

Buy to let mortgage lender contacts for Coronavirus enquiries

Below are links to buy to let mortgage lender website pages, which give information on mortgage payment holidays and other provisions, in light of the Coronavirus.

If your tenants are unable to pay their rent, because their ability to work has been compromised by Covid-19, or you want to investigate your options in case this becomes an issue, follow the links below or call you lender on the numbers provided.

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