Buy To Let
Your home may be repossessed if you do not keep up repayments on your mortgage
Buy to Let mortgages are not regulated by the Financial Conduct Authority
Thinking of buying to let?
Buy to Let Mortgages are mortgages specifically designed for people who want to invest in the property market by purchasing one or more houses and letting them out to tenants. You are then able to benefit from any appreciation in the capital value of the house itself. You are also likely to be able to maintain the property, meet the loan repayment and also take an income from the rental yield.
Buy to Let Mortgages differ slightly from residential mortgages in the fact that the lending is based on the rental income and not so much your earned income. This can give you a lot more flexibility when looking for the right investment.
The percentage which a buy to let lender is willing to lend is likely to be restricted to between 75 – 85% of the value of the property, meaning putting down a 15 -25% deposit. Interest rates are also likely to be slightly higher than those which a standard mortgage agreement attracts.
There are various other factors that lenders will consider when assessing a Buy To Let application such as rental stress test’s and the makeup of the property itself.
By booking in for a meeting with us we can run through all the pros and cons of owning a rental property and make sure you secure the most suitable mortgage on the market for your future nest egg. Call us today!
Helping you get on the property ladder
Saving you money on your existing Mortgage
Helping you every
step of the way
Here are just some of the lenders we use and have access to…