This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Buy To Let Mortgage Hotline - Call 0117 403 4474

What is your mortgage for?


Halifax buy To Let Mortgages

See below for latest market leading Halifax buy to let deals or use our independent buy to let mortgage advice service to compare the market.

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparison Product fee Monthly cost Enquire
Initial rate: 4.96%
Rate type: 5 year fixed
Monthly cost: £1048.07 per month
Product fee: £0
Overall cost for comparison: 7.7% APRC
Halifax 4.96% 5 year fixed 7.7% APRC £0 £1048.07 per month get quotes
Initial rate: 5.54%
Rate type: 2 year fixed
Monthly cost: £1109.66 per month
Product fee: £0
Overall cost for comparison: 9% APRC
Halifax 5.54% 2 year fixed 9% APRC £0 £1109.66 per month get quotes

Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.



Halifax Buy To Let Mortgages

Halifax offers a range of buy to let mortgages for landlords, including existing Halifax customers and new customers.

To qualify for a buy to let mortgage from Halifax you must:

  • Be at least 25 years old

  • Not be over 75 by the time your mortgage term ends

  • Not be a first time buyer                      

  • Already own a UK property                               

  • Have at least a 25% deposit

  • Have been employed for at least 3 months or self-employed for 12 months

  • Be buying a property worth over £40,000

Fair Mortgages buy to let mortgage broker service

Our experienced specialist mortgage brokers offer buy to let landlords:

  • Access to the whole market – compare Halifax buy to let mortgages with all other UK lenders

  • Market leading mortgage rates – all the best deals on the market right now

  • Exclusive loan deals not available on the high street – including intermediary-only and private lenders

  • Quick turnarounds – get your mortgage approved faster with us

  • Mortgages for customers with bad credit history – we have access to mortgage providers who lend to people with previous defaults and missed payments 

  • Additional finance for existing mortgage holders – second charge mortgages and bridging loans if you need to raise extra capital on mortgaged properties

To investigate your mortgage options, call our mortgage broker team on 0117 403 4474 or use the call back request form on the right.

Changes to the buy to let mortgage market

The Bank of England’s Prudential Regulation Authority made changes to the regulations that govern the buy to let mortgage market. This affected the way that lenders, including Halifax, consider buy to let mortgage applications.

Firstly, lenders will take an in-depth look into the landlord’s property portfolio to ensure that all of the landlord’s properties are profitable. Lenders will no longer look at properties in isolation and therefore landlords cannot spread their equity across their portfolios. As a result, if a landlord has one or more properties that are not profitable, then a lender will not provide the buy to let mortgage.

Secondly, lenders will apply a stricter income stress test than in previous years. Landlords’ income will be subject to a stress test to determine whether they can afford mortgage repayments. If a landlord cannot afford mortgage payments in the event that interest rates increase to 5.5%, then a lender will not provide the buy to let mortgage.

Finally, although Halifax does not solely focus on this, many lenders require landlords to have a rental coverage ratio of 145% for standard buy to lets and 170% for houses in multiple occupations. The requirement for at least 145% rental coverage ratio is to ensure mortgage payments are made and to account for any period of time where a landlord’s property is without tenants. 

How does a buy to let mortgage from Halifax work?

A buy to let mortgage is a specific type of mortgage for purchasing a property that you intend to rent out. Buy to let mortgages can be used for either residential or commercial rental property.

The amount you will be able to borrow with a buy to let mortgage depends on a variety of factors including the size of your deposit and your previous credit history.

The maximum loan size on a single property is currently £1million with Halifax and you can hold up to a maximum of three mortgages with a total combined value of £2m.

Why choose a Halifax buy to let mortgage deal?

Halifax offers a range of features and benefits to landlords taking out a mortgage with them. Some of these benefits could include:

  • Choose from a range of tracker buy to let mortgage deals offering up to 75% loan to value (LTV)

  • Halifax expert mortgage advisers will help you arrange a survey and help find someone to handle your conveyancing

  • Simple and straightforward buy to let mortgage application process – begin your mortgage application online, over the phone, or personally at your nearest Halifax branch.

Compare Halifax buy to let mortgages with other leading leaders

Our specialist independent buy to let mortgage brokers can help you find the very best deal on a mortgage for rental properties. We have access to the whole of the market, so we can also find you the most attractive deals currently available.

To find the right buy to let mortgage option for you, call Fair Mortgages today on 0117 403 4474 or request a call back using the form on the right.

house icon

Call or Request Call Back from our Buy to Let Broker Team

Call us for a FREE initial conversation on 0117 403 4474 about your buy to let mortgage options or request a callback.

request call back

Please confirm your details

Extra information

The optional information below will help us to contact you

Buy to Let Mortgages