Buy to Let
Whether you are considering your first investment property or you currently own investment properties we are here to help. We are able to help with all types of buy to let mortgage business including purchases, remortgages and let to buy.
Being a private landlord is becoming more and more common as the rental market has increased and savers are suffering with low interest rates. It is however risky and can be more time consuming than many other forms of investment. Mortgage lenders typically calculate the borrowing capacity based on the rental income but it is now more common for them to also require a minimum income from applicants to ensure there is sufficient income to support any rental voids. Most lenders will require at least a 20% deposit and the majority of deals are available with a 25% deposit and typically rates and fees are higher than for residential lending.
Contact us today to discuss your requirements for buy to let
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.