As the commercial counterpart to residential buy-to-let mortgages, these loans function similarly but typically come with higher rates and fees than owner-occupied properties. Applications are assessed based on the applicant, the property, and the lease.

Lenders consider credit history, financial stability, and experience in managing rental properties. A strong property should demonstrate demand for leasing or sales, ensuring its value and potential income. Additionally, the lease’s strength—characterised by a financially stable tenant and a term of several years—plays a key role in the lending decision. A robust tenant is essential, as their financial security ensures reliable income for the property owner.