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Buy to Let Mortgages

Long term mortgages against residential properties which are tenanted and income producing.

Buy To Let mortgages are appropriate for residential investment property, including flats, houses, houses split into flats, or houses in multiple occupation (HMOs). They can be owned by Limited Companies or by individuals.

We are able to find the most suitable loan whether you are a new landlord or have a Buy to Let portfolio. We can help you arrange finance to fund further purchases, release equity tied up in your properties or simply restructure or arrange cheaper loans than you have currently.

Many people own buy to let properties as an investment or to provide an income in retirement, so it makes sense to make sure that you are maximising the potential of your properties.

We have access to lenders who cover the entire spectrum, so whether you are looking for the cheapest deal possible or raising the maximum amount possible we have the right lender for you.

What is a buy to let mortgage?

A buy to let mortgage allows you to purchase a property with the intention of allowing a third party to rent it.

Who can get a buy to let mortgage?

Buy to lets are available to almost anyone. We have lenders on our panel who will consider most circumstances including adverse credit, Ex Pats and clients with unusual income streams.

Can I rent the property to family members?

No, family members are excluded.

Can I borrow in a limited company?

Yes, we are seeing more and more limited companies being formed for Buy to let purposes with more and more lenders willing to lend to these structures.

Does the rent need to cover the interest?

Yes, in fact most lenders will look for the rent covering at least 1.25 times the interest cost, which allows you to build up a contingency buffer in case of any void periods or maintenance required, or even interest rate increases.

What types of property can be buy to lets?

Any residential property can be used as a buy to let including flats, apartments and houses.

What rates should I expect to pay?

Rates vary depending on circumstances however someone with a clear credit history could obtain a rate as low as 2.99% per annum.

What Loan to Values can I achieve?

Again, Loan to Value (LTV) figures vary from lender to lender and as a rule of thumb the higher the LTV, the higher the interest rate will be – most lenders are comfortable at 75% LTV, however we have lenders on our panel who will go as high as 80% in certain circumstances. Very often the rental income will dictate or impact on the maximum loan amount available, due to debt serviceability (i.e. monthly interest payments).

How long can I have a buy to let mortgage for?

Most interest only loans are over 10 years, however terms of 35 years are available on repayment loans.

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