Buy to Let Mortgages
Buy-to-let property can be a great way to save and invest for the future, but it’s important you go into it with your eyes open. When house prices are rising and you have good tenants, buy-to-let property investment seems like easy money. But there are plenty of risks to prepare for too. Take your buy-to-let investment plans stage by stage to manage the balance between risk and return.
Once you’ve found a potential investment property, you’ll need to secure the finance necessary to buy it. Getting the best possible deal on your mortgage is a crucial part of maximising the return on a buy-to-let investment. You’ll need a mortgage specifically designed for buy-to-let – you must tell lenders if you intend to rent out the property you’re borrowing against – and these products operate differently to conventional mortgages for the purchase of a residential home.
In general, buy-to-let mortgages are more expensive than standard residential loans. Lenders argue that they are more risky products and that they therefore need to charge more. Expect to pay 1 to 2 percentage points more than you would for a residential mortgage – charges such as arrangement fees may be higher too. Taking advice will help you find the most competitively priced mortgage.
Buy-to-let investors have the same mortgage options as other borrowers – whether to go for a fixed or discounted variable rate deal, for example. It’s also just as important that they identify the best possible deals. In practice, the best way to pick the right product and find the best value is with the help of an independent mortgage adviser with specialist knowledge of the buy-to-let market.
We will search thousands of mortgage deals made available to us and pick out the one that’s right for your circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Think carefully before securing other debts against your home. 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
Speak to our expert mortgage advisers today on 01244 904 410
Once you’ve found a potential investment property, you’ll need to secure the finance necessary to buy it. Getting the best possible deal on your mortgage is a crucial part of maximising the return on a buy-to-let investment. You’ll need a mortgage specifically designed for buy-to-let – you must tell lenders if you intend to rent out the property you’re borrowing against – and these products operate differently to conventional mortgages for the purchase of a residential home.
In general, buy-to-let mortgages are more expensive than standard residential loans. Lenders argue that they are more risky products and that they therefore need to charge more. Expect to pay 1 to 2 percentage points more than you would for a residential mortgage – charges such as arrangement fees may be higher too. Taking advice will help you find the most competitively priced mortgage.
Buy-to-let investors have the same mortgage options as other borrowers – whether to go for a fixed or discounted variable rate deal, for example. It’s also just as important that they identify the best possible deals. In practice, the best way to pick the right product and find the best value is with the help of an independent mortgage adviser with specialist knowledge of the buy-to-let market.
We will search thousands of mortgage deals made available to us and pick out the one that’s right for your circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Think carefully before securing other debts against your home. 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
Speak to our expert mortgage advisers today on 01244 904 410