If you own a buy-to-let in Newcastle and have built up equity, it may be possible to take out a secured loan against it.
This type of borrowing is a common route for landlords who want to access funds without changing their current mortgage.
Why Newcastle Landlords Consider Secured Loans
Remortgaging can work well in some cases, but it doesn’t suit everyone. If you’re tied into a fixed rate or would face high repayment charges, changing your mortgage might not be the right move.
That’s where a secured loan can come in. It lets you raise capital while leaving your existing mortgage untouched.
This is often useful when your current lender won’t approve extra borrowing, or when a remortgage would fall short of the amount needed.
A secured loan provides flexibility, allowing landlords in Newcastle to move forward with their plans without unnecessary disruption.
What Lenders Will Review
Before approving a secured loan, lenders will check how much equity you have in the property. They’ll also assess the rental income to confirm it covers both your existing mortgage and the new loan.
Some may ask for details of past rental income, while others will consider expected returns.
If the property is owned through a limited company, there might be extra steps in the application, but it remains a valid route for borrowing.
In all situations, lenders want to see that the loan is affordable and doesn’t pose a risk to the property as an investment.
How Landlords Use the Funds
Many landlords in Newcastle use secured loans to fund improvements or to raise deposits for new purchases.
Since the original mortgage stays in place, it can be a quicker way to act when opportunities arise.
Access to additional capital can help expand your property portfolio or improve rental appeal without having to alter your main mortgage deal.
Speak with Mortgage Advisors in Newcastle
Each lender takes a slightly different approach to secured loans, so it helps to have a clear understanding of how the process works.
Speaking with someone who understands the market for buy-to-lets in Newcastle can make a big difference.
At Newcastlemoneyman, the mortgage advisors in Newcastle are ready to talk through your situation.
They’ll help you explore the options available and explain how a secured loan could support your next step.
Date Last Edited: May 28, 2025
