Buy to Let

A buy to let mortgage is a mortgage specifically designed for people who wish to invest in the property market. Typically the owner purchases one or more house letting them out to private tenants. The investor (buy to let owner) then benefits from any long term appreciation in the capital value of the property. In theory the owner is then much more likely to meet a percentage of the loan repayment from any revenue raised by letting itself.

How do buy to let mortgages work?

Buy to let mortgages are a lot like standard mortgages for property which the owner will inhabit. The percentage most buy to let lenders are willing to lend is likely to be restricted to about 80% of the value of the property with the term of the mortgage set somewhere in between 5 and 45 years. Interest rates tend to be slightly higher than a standard mortgage agreement but the main benefit is that the lenders tend to allow the rental revenue to be considered as income when considering the buyers ability to meet the ongoing mortgage repayments.

Although many high street banks and building societies now offer buy to let mortgages an independent mortgage broker (such as Financially Sound Ltd) will be able to recommend mortgage arrangements that aren't available on the high street. We have access to a wide range of lender and generally only get paid by the lender if the deal completes. Managing a buy to let portfolio can be a complicating process yet we can save you the time by bring the right deal to you so that you are free to concentrate on the investment itself.

For Buy To Let Mortgages we can arrange the following

• Flexible rate buy to let

• Fixed rate buy to let

• Variable rate buy to let

• Capped rate buy to let

• Tracker buy to let

• Libor buy to let Mortgages

• Discount Variable Rate buy to let

Contact us now on 01670 840840 for confidential advice on applying for buy to let mortgages today. You've got nothing to lose.