Call us on 

01223 322278

SOME BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY

SINGLE PROPERTY AND PORTFOLIO BUY TO LET MORTGAGES

A buy-to-let mortgage (also known as an investment mortgage) is designed for borrowers who want to let their property out to a third party (i.e. tenants).

More and more people are investing in property as a long-term opportunity to make profitable returns, and as a way of securing finance for their retirement

Buy to let mortgage tools for landlords

There are now plenty of competitive buy to let mortgage deals around that are specifically aimed at the buy-to-let market, ranging from special offer buy to let mortgage deals to fixed and variable rate options.

 

In addition, mortgage lenders will often assess buy-to-let mortgages on the earning potential of the property (i.e. the rental income) as well as normal income.

Are you ready for a Buy-to-Let mortgage?

When you take out a buy-to-let mortgage, you will be expected to meet certain criteria:

Buy-to-Let deposit

You will be required to put down a deposit for buy to let mortgages and this will be typically larger than for a standard residential mortgage - it will likely be 15-25% of the property's value.

Rental Income

Investment Potential

Your expected rental income must exceed your buy to let mortgage repayments by a certain percentage - for example, your mortgage lender may require a rental income of 130% of your monthly mortgage payments.

Your buy to let mortgage lender will also want to establish whether the property you are buying is a good long-term investment.

Buy to let Mortgages

Buy to let advice

Beauwater Mortgages is a trading style of New Leaf Distribution Ltd is authorised and regulated by the Financial Conduct Authority Number 460421. Registered office 1st Floor Princess Caroline House, 1 High Street, Southend on Sea, Essex, SS1 1JE.

 

There may be a fee for mortgage advice of up to 1% of the mortgage amount. The actual amount payable will depend on individual circumstances. A typical fee payable is £495. You will be advised at an early stage if a fee is payable and the amount. Commercial Mortgages and some types of Buy to Let mortgages are not regulated by the Financial Conduct Authority. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK

Your Home May Be Repossesed if You Do Not Keep Up Repayments On Your Mortgage

Subscribe to our newsletter

Enter your email address to receive regular market updates

Mortgages                    Protection                                  Legal                                         About us

Follow us on our social media pages

Linked

This link will direct you to a new site which is not regulated by the Financial Services Authority. We give no endorsement and accept no responsibility for the accuracy or content of any sites linked to this site.

You may also be interested in

Buy to Let Mortgages