You could receive your loan in as little as 3 days!
Representative Example: A secured loan of £31,000 payable over 7 years on a fixed rate of 9.83% for the first 5 years, followed by a variable rate, currently 9.69%, would require 60 monthly payments of £553.17 followed by 24 monthly payments of £552.39. The total amount repayable would be £46,447.56. This includes interest, an arrangement fee of £1,999 and a processing fee of £499. The overall cost for comparison is 13.1% APRC representative.
A buy to let mortgage is designed for people who want to rent out a property rather than live in it themselves. At Central Trust, we specialise in regulated buy to let mortgages for accidental or non-professional landlords.
Whether you've inherited a property, are moving home but want to keep your existing property, or are looking to rent to a close family member, we offer flexible Consumer Buy to Let and Family Buy to Let mortgage solutions.
An accidental landlord is someone who didn't originally buy a property as an investment but has become a landlord due to a change in circumstances, such as relocating, inheriting a property, or moving in with a partner.
Our Consumer Buy to Let and Family Buy to Let mortgages are available as either first charge or second charge mortgages, subject to eligibility and our lending criteria.
If you are a professional landlord looking for a standard buy to let mortgage, our sister company Mercantile Trust can help.
We offer both consumer buy to let mortgages and family buy to lets. These mortgages serve different purposes so it's worth researching into which one is better for you based on your circumstances. A Consumer Buy to Let mortgage is intended for accidental landlords. These are people who didn't originally buy a property as an investment but now need to rent it out due to a change in circumstances. This could include inheriting a property, moving home but keeping your existing property, or relocating for work.
A Family Buy to Let mortgage is designed for people who want to buy or remortgage a property to rent to a close family member. Unlike a standard buy to let mortgage, this type of lending recognises the different risks and regulations involved when renting to relatives.
Both products are subject to eligibility and lending criteria. If you're unsure which option is right for you, our team can help you find the most suitable solution for your circumstances.
Consumer Buy To Let
Family Buy to Let
The circumstances in which someone becomes an accidental landlord varies.
For example, someone who currently owns their residential home, needs to relocate due to their work commitments, and may not wish to sell their property. Instead they decide to rent it out, as opposed to the leaving the property empty for a long period of time. This individual would be classed as an ‘accidental landlord’ and would therefore need a specialist consumer buy to let mortgage.
Standard buy to let mortgages are used by landlords looking to purchase a rental property or to build their portfolio for investment purposes.
However, not everyone that becomes a landlord sets out with the intention to do so, which is why buy to let mortgages are available.
Buy to let secured loans have more regulatory protections than a standard buy to let mortgage. They offer additional comfort to those accidental landlords, or non-professional landlords who have found themselves running a rental property.
It’s important to note, that there are fewer lenders offering buy to let mortgages, in comparison to standard buy to let mortgages.
Having a poor credit profile doesn’t mean that you will struggle to obtain a buy to let secured loan. However you may find there are fewer lenders that can help you.
Although some lenders may not be able to assist, we have and can help individuals with poor credit profiles.
We consider all credit histories including those that have:
Fast and Simple Process
You could access funds within days by calling our team directly or enquiring online.
Over 35 Years’ Experience
We are one of the UK's longest established specialist lenders, so you can relax knowing you're dealing with an experienced team.
Authorised and regulated by the FCA
We are committed to responsible lending, clear communications and good customer outcomes throughout the borrowing journey.
Your Loan,
Tailored for You.
Consolidating debt? Paying for a large expense like home improvement or a wedding? We have you covered.
Unlike many other lenders, there is no strict automation to our lending decisions. Your application is assessed by our team, not by a computer.
Stephen Stone
2 years ago
Incredible company. Empathetic and supportive staff that know how to offer customers a package that suits them. I was fed up with automated systems from the standard banks. This company talk to you and help you find something to suit your circumstances. I cant thank them enough for how they helped me
Greg Erasmus
3 years ago
When I contacted Central Trust I had a very strict deadline to make a payment. Jenny was extremely helpful and informative and got the process started straight away. The whole way through I was kept informed at every stage of my application and any hiccups was swiftly dealt with. I can't thank Jenny, Tara and Stephanie enough for their help and professional service. Highly recommend.
Edward Mawby
3 years ago
I originally left a review that said I was not satisfied with the service provided, however after being in touch with Tara I felt she tried her best to get the answer we wanted. Unfortunately it didn't work out, but she left us feeling optimistic that we can go back in a couple of months time to try again. Thank you for doing your best to help!
Anglela Ferrante
3 years ago
What an absolute delight of a company. Following setback created by the mini budget, I was left in a predicament, central trust came to the rescue and provided an excellent swiftly process. I would highly recommend using them. I dealt with Jenny who couldn’t of been more proactive and helpful.
Gwenda Squire
6 years ago
Really friendly, professional service. Completed within a matter of days. Would highly recommend
David Cutler
6 years ago
Mostly good, gave me the wrong return address for a form that needed a signature witness which meant the form was lost and I had to go through the hassle of finding a witness again. Asked me to send a settlement figure which they had already received from me and had acknowledged receipt. But on the whole much more efficient, faster and more communicative than the bank who I applied to borrow the money from.
S RC
6 years ago
John Holden
6 years ago
Organising your finances can sometimes feel stressful, but we want to make it as easy as possible for you.
In just 3 simple steps you could have the money in your bank account. All you need to do is:
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Can I borrow money against my buy to let property?
Yes, you can. Buy to let secured loans are designed specifically to use rental properties as security. Your acceptance for the loan will be based on a number of different factors such as the equity in the property and the affordability of the loan i.e. your ability to make the monthly repayments.
Am I eligible for a buy to let mortgage?
To be eligible for a buy-to-let mortgage, you must typically be aged 18 or over, and the mortgage term must usually end by around your 80th birthday (depending on the lender). You must also own a rental property that can be used as security in case you fail to make repayments.
How do you borrow money against a rental property?
The best way is to take out a buy to let secured loan. These loans use a rental property as security against the amount you borrow. This means that you may be able to borrow a larger amount of money, get a longer repayment period, or overcome an issue with your credit. It’s important to remember that any property that you use as security could be repossessed if you fail to repay the loan.
Can I borrow money against an investment property?
Yes. If you have invested in a property and rent it to a third party, you may be able to qualify for a buy to let secured loan. This type of loan uses your investment property as security against the loan.
What's the difference between Consumer Buy to Let and Family Buy to Let?
A Consumer Buy to Let mortgage is intended for accidental landlords. These are people who didn't originally buy a property as an investment but now need to rent it out due to a change in circumstances. This could include inheriting a property, moving home but keeping your existing property, or relocating for work.
A Family Buy to Let mortgage is designed for people who want to buy or remortgage a property to rent to a close family member. Unlike a standard buy to let mortgage, this type of lending recognises the different risks and regulations involved when renting to relatives.
Both products are subject to eligibility and lending criteria. If you're unsure which option is right for you, our team can help you find the most suitable solution for your circumstances.