Buying A Property to Rent (Buy to Let)
This can be a popular mortgage option for those wishing to invest in residential rental property. Although the perception is that buy to let mortgages are expensive, this isn't necessarily correct. There are many lenders who offer competitive rates, which in many cases are generally similar to the rates offered on a standard mortgage.
Landlords also have a choice between interest only and repayment mortgages. Buy to let mortgages do differ in several ways from standard mortgages. When lenders are considering approving a buy to let loan, they generally base their decision on the likely rental income from the property and not necessarily the applicants' income. A prospective landlord needs to be aware that the rental income typically needed is 125% of the mortgage repayment, although this can vary from as little as 100% rental income up to 130%.
With our expertise in this market, we can help you find the best product to suit your requirements. With our extensive access to thousands of mortgages and our knowledge of lender's requirements, we can find you the right buy-to-let mortgage.
The Financial Conduct Authority does not regulate some forms of buy to Lets.
Moneywatch Finance is an Appointed Representative of HL Partnership Limited, which is authorised and regulated by the Financial Conduct Authority.
You can find us on their website www.fca.org.uk. Our registration number is 735552. Our registered address is Head Office, 86 Hay Lane, Shirley, B90 4EQ
The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK
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0121 7453347 Matthew Jones
07738 261 919 Peter Hunt
07880 900 841
86 Hay Lane