Buy to Let

Buy to Let – the story today

This popular misconception no longer holds true as lenders today are now offering increasingly competitive rates, which in many cases are generally not significantly higher than those on standard mortgages.

Landlords also have a choice between interest only and repayment mortgages. However, Buy to Let mortgages do differ in several important ways from standard mortgages.

A major difference is the criteria lenders apply when considering approving a loan. Buy to Let mortgage lenders base their decisions generally on whether or not to approve a loan on the likely rental income from the property.  Whilst the level of the applicants’ income is taken into consideration it is not as critical as with residential mortgages.

In order to secure finance, rental income is typically needed to be 125% of the notional mortgage interest rate. This notional mortgage interest rate can typically be set at between 5.00% and 6.00%. The level it is set at is individual to each lender and subject to what basis they wish to operate on.

What can we offer you?

We have access to thousands of mortgage products including exclusive deals with certain lenders.   We can offer a wide range of Buy to Let Mortgages with some special features:-

• From as little as 25% deposit required
• First time buyers Buy to Let products available
• No minimum personal income required
• Buy to Let remortgage products that can occasionally be free from fees may be available
• Generous rental calculations normally based on 125% of the notional mortgage interest rate a lender has chosen to use
• Ltd Company Buy to Lets
• Clients with adverse credit can sometimes be accepted
• Buy to Let mortgages for large portfolios and professional landlords

Whatever your mortgage requirements, we are certain we can find the right mortgage for you.