Buy to Let for Family to Live In

These are special BTL mortgages designed to allow family members/relatives to be your tenants as normal BTL mortgages strictly prohibit this.

Mortgages up to 75% LTV
Easy application process

Useful to “incorporate” existing portfolio ( after tax advice )

Competitive rates

Free Valuation & Legal Fee deals often available.

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Family Buy to Lets, unlike standard BTL’s, these mortgages are regulated by the Financial Conduct Authority (FCA). This means stricter affordability checks are carried out and only a handful of lenders offer these types of mortgages. Some use the future rental income in their calculations and some don’t. Each application is treated on case by case basis.

  • Max LTV – 75%
  • Interest Only Option available
  • Usually available in personal name only
  • The mortgage is regulated by the FCA
  • Can be converted inti standard BTL if family member leaves

Why choose us?

Here are a few reasons to choose Chess Mortgages.

Experienced advisers

We’ve been advising clients on mortgages for over 40 years.

We move fast

No need to wait; we respond & process applications quickly.

Whole of market

We scour UK lenders, private banks & offshore lenders for deals.

What you need to know…

I want to buy a property for my parents to live in? How can I do this?

Providing you have 25% plus the stamp duty costs it should be possible to arrange a regulated BTL for your parents to live in. Your chances will be enhanced if you yourself have a good income and a low mortgage or if you will be charging them market rent.

Can I later change to a normal BTL?

Yes – the same lender may change it but this could involve fees and early repayment charges.

Should I get my parents to sign a tenancy agreement?

Yes – its best to keep things legal. You should also have a Gas Safety & Electrical Safety Certificate and place any deposit in a deposit scheme and ensure you have landlords building insurance.

What our clients say…

"Excellent service and I would highly recommend to others"

Had the pleasure of instructing Chess Mortgages. Jaz was incredibly professional and impressive in her handling of my remortgage application. My application was dealt with within a week! Excellent service and I would highly recommend Jaz to others. Thank you Jaz!

Shaida Hussein

"Award winning mortgage advisors & I can see why"

Bob stepped in at very notice to assist us when we were in danger of missing out on our perfect home. We were impressed with advice we'd seen Bob provide on a forum, which was clear and sensible. It was later we found out that Chess are award winning mortgage advisors and I can see why.

Iftikhar Ahmad

"Chess was by far the best decision we made in looking for a mortgage"

I can't thank Jaz and Bob enough for their efforts in helping my wife and I in secure a mortgage. The process was effortless and they took weight off our shoulders. Having gone through getting a mortgage a number of times, I can safely say using Chess was by far the best decision we made. I will be using them again.

Shamit Rooproy


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