Buy To Let Mortgages
If you are considering a Buy to Let mortgage let us help you with our extensive experience. A Buy To Let mortgage is essentially a mortgage to finance the purchase of a property as an investment.
Investment properties can be let in various ways and whether you are looking to let the property through an AST, a Holiday Let or an HMO we can advise you on the most suitable mortgage product and lender for your needs.
To purchase an investment property you generally need to finance a deposit of a minimum of 25% of the value of the investment property. The maximum mortgage available is calculated using the rental income to be generated by the property and this calculation varies between lenders. We will find the most appropriate lender to fund the property that you have selected.
Most property investors prefer to secure a Buy to Let mortgage on an Interest Only basis. This minimises the monthly mortgage payment commitment leaving a greater margin to cater for any rental voids or other costs. The mortgage will need to be repaid at the end of the term from the sale proceeds when the property is sold.
A number of our clients are Portfolio Landlords owning at least 4 Buy to Lets. In these cases Lenders will consider the overall financial performance of the portfolio of properties to assess the lending that would be available. Again this assessment varies from lender to lender and our experience and knowledge of this market enables us to identify suitable lenders for individual applications
Limited Company Buy To Let
Employing a Limited Company to purchase and manage an investment property can have tax advantages. We recommend that advice from a qualified accountant is taken before choosing this route as there are additional costs involved and it is therefore essential to ensure that any tax advantages would offset the costs. We would be happy to provide you with information on the specific criteria required by the lenders for this purpose.