Designed for investors looking to purchase property with the intention of letting out to tenants, Buy-to-Let mortgages have become more and more popular due to the high returns many landlords are known to achieve alongside the capital appreciation of the asset.
Buy-to-Let mortgage products are very different from what you may have previously dealt with on your residential property. For this reason it is financially prudent to select the right Buy-to-Let mortgage that will help achieve your financial objectives.
So whether you are looking to purchase your first buy to let property, remortgage an existing one, release capital or looking for a let to buy mortgage, we can compare what is available in the market and source the best overall finance solution.
Before approving your buy-to-let mortgage, your lender will be looking for:
- The property’s deposit typically 15-25% of its value
- Expected rental income in excess of your mortgage repayments
Due to the increasing complex nature and Prudential Regulation Authority rule changes, it is prudent to seek specialist buy to let advice before agreeing a property purchase.
A House of Multiple Occupancy is a specialist class where a single property is subdivided into separate bedrooms, then each individual bedroom is rented out to different tenants who may share common areas such as kitchens and bathrooms.
According to the Prudential Regulation Authority (PRA), a landlord is considered to be a portfolio landlord where they have four or more mortgaged buy to let properties across all lenders in total.
For a complimentary, no obligation discussion with our experienced buy-to-let mortgage specialist, contact us today on 01932 825233, or email firstname.lastname@example.org.