Remortgage Your Rental Property

Remortgage Your Rental Property

Remortgage Your Rental Property: Expert Landlord Advice |If you want to remortgage your rental property, this guide explains when to review your buy-to-let mortgage, how lenders assess applications, and how to secure the best deal. Landlords often remortgage to release equity, lower monthly repayments, or improve rental yields. The right strategy can make a significant difference to your long-term returns.

Why Landlords Remortgage Their Rental Properties

Landlords choose to remortgage for several reasons. The most common include:

  • Reducing monthly costs by switching to a lower interest rate

  • Avoiding a lender’s standard variable rate

  • Releasing equity to fund another purchase

  • Improving rental yield by refinancing at a better loan-to-value

  • Restructuring a portfolio for long-term efficiency

If you want a broader overview of how remortgaging works, visit the Remortgage Guide page.

When You Should Review Your Buy-to-Let Mortgage Deal

Timing is important for every landlord. You should consider reviewing your mortgage:

  • Six months before your fixed rate ends

  • When rental income has increased

  • When property value has risen

  • If you plan to raise capital for improvements or expansion

  • If stress testing criteria have changed in your favour

Portfolio landlords and limited company landlords may benefit from reviewing each property individually. If you want guidance on portfolio structures or limited company lending, speak with a specialist broker through the Find an Adviser page.

What Lenders Look For in a Rental Property Remortgage

Lenders assess several factors when reviewing a landlord remortgage application. These include:

1. Rental Income and Stress Testing

Lenders apply rental stress tests to ensure rental income covers the mortgage payments. Requirements vary depending on rate type, landlord status and tax position.

2. Loan to Value (LTV)

Typical buy-to-let LTVs are around 75 per cent, although some specialist lenders may offer higher LTVs for the right property.

3. Property Type

Flats, houses, new-build properties, HMOs, and multi-unit properties may each have different lending criteria. If your portfolio includes specialist property types, review the Buy to Let Mortgages section on your site for more guidance.

4. Credit Profile

A clean credit history is ideal, but specialist lenders can support landlords with previous credit issues, missed payments or historical adverse credit.

5. Landlord Experience

First-time landlords may face tighter criteria, while portfolio landlords often access more flexible lending options.

How a Specialist Broker Helps You Remortgage Your Rental Property

Working with an experienced mortgage adviser can make the process easier and help secure a more competitive deal. A broker can:

  • Compare whole-of-market buy-to-let rates

  • Assess lender stress tests and affordability

  • Identify lenders that support limited company and portfolio structures

  • Recommend ways to maximise rental yield

  • Review opportunities to release equity safely and efficiently

  • Manage the application from start to finish

To speak with a landlord mortgage expert, visit your Find an Adviser page and connect with a buy-to-let specialist.

Releasing Equity from a Rental Property

Many landlords remortgage to release equity. This can support:

  • Deposit funds for another investment

  • Property renovations

  • Debt consolidation within acceptable criteria

  • Improving the financial structure of a rental portfolio

It is important to understand how raising capital affects rental cover tests and future borrowing. A specialist broker can help you decide the most suitable approach.

Limited Company Buy to Let Remortgages

Remortgaging a property held in a limited company is increasingly common. Reasons include:

  • Potential tax efficiencies depending on individual circumstances

  • Access to a specialist range of lenders that support SPVs

  • Better options for portfolio landlords with multiple properties

If you need guidance on whether a limited company structure is right for your plans, speak to an adviser via the Find an Adviser page.

How to Prepare for a Landlord Remortgage

To improve your chances of securing the best buy-to-let remortgage deal, prepare the following:

  • Up-to-date tenancy agreement

  • Recent bank statements showing rental income

  • Property details, including EPC rating

  • Accounts or tax returns if applying through a limited company

  • Summary of your property portfolio, if applicable

An adviser can then match your circumstances to the most suitable lender criteria.

Get Expert Help Remortgaging Your Rental Property

If you want to remortgage your rental property and secure the most suitable deal, a specialist buy-to-let adviser can guide you through each step. Connect with a landlord mortgage expert today through the Find an Adviser page and start planning your next investment move.

Find Mortgage Advisers

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FAQ | Remortgaging Your Rental Property

Question Answer
How do I remortgage my rental property? You switch your current buy-to-let mortgage to a new lender or deal. A broker will assess LTV, rental income and stress tests before recommending the most suitable option.
Can I release equity when remortgaging a rental property? Yes. Many landlords release equity to fund improvements, raise deposits for new properties or restructure their portfolio. Lender criteria, LTV and rental coverage determine how much you can raise.
How often should landlords remortgage? Most landlords remortgage every 2 to 5 years, usually when a fixed-term mortgage ends. Reviewing options early helps avoid higher standard variable rates.
Can I remortgage a property owned in a limited company? Yes. Specialist lenders offer limited company buy-to-let remortgages for SPVs and portfolio landlords. Criteria differ from personal ownership.
What documents do I need for a rental property remortgage? You may need tenancy agreements, rental statements, bank statements, property details, an EPC rating, accounts for limited companies, and a portfolio schedule, if applicable.
Do landlords need a minimum rental income to remortgage? Yes. Lenders use rental stress testing to ensure rental income covers mortgage repayments. Requirements vary by lender and rate type.
Can I remortgage if my rental income has fallen? Possibly. Some specialist lenders accept lower rental cover, especially with top slicing or if overall portfolio income is strong.
Can I remortgage a property with tenants in place? Yes. Most buy-to-let lenders allow remortgaging with tenants in situ, provided the tenancy agreement meets their criteria.
Can I remortgage to raise a deposit for another buy-to-let? Yes. Many landlords release equity to expand their portfolio. LTV limits and rental coverage will determine how much capital can be raised.
Can first-time landlords remortgage? Yes, but criteria may be stricter. Experience, rental income, and LTV will influence available options.
Do I need a valuation when remortgaging my rental property? In most cases, yes. Lenders require a valuation to confirm the current property value and the appropriate loan-to-value ratio.
Can I remortgage if my credit history is not perfect? Yes. Specialist lenders provide remortgage options for landlords with historic credit issues, depending on severity and recency.
How long does a buy-to-let remortgage take? Most applications complete in four to eight weeks. Timeframes vary by lender, property type and document requirements.
Can I remortgage an HMO or multi-unit property? Yes. Specialist lenders remortgage HMOs and multi-unit properties, often with different stress testing and experience requirements.
Is it cheaper to remortgage with my current lender? Not always. Some lenders offer retention rates, but whole-of-market comparison often provides more competitive options.
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