Menu
Residential Buy to Let investment mortgages are designed for individuals, limited companies and LLPs, who are looking to purchase or refinance property to rent out, profiting from rental income and property value appreciation.
Typically, we can arrange residential Buy to Let up to 85% of the value of the property. This depends on the level of rental income, the loan to valuation, the industry sector, the type of tenant, the length of the lease and the borrower’s investment experience and credit rating.
Buy to let mortgages are available typically on properties valued £50,000 and above on either interest only or capital repayment terms.
We pride ourselves on our ability to deliver funding to clients on all applications. Including our ability to meet tight purchase deadlines including property auction purchases, manage portfolios considering future acquisitions and remortgages, ensuring you are not leaving yourself over-geared or unable to continue to the next step in your business.
Lenders typically assess the property’s rental income potential when determining the maximum loan amount. The property’s rental yield and the borrower’s affordability play a crucial role in securing a buy-to-let mortgage
Generally, buy-to-let mortgages require a higher deposit compared to residential mortgages. Typically, a deposit of 25% or more is required, although some lenders may offer lower deposit options.
Buy-to-let mortgage interest rates can vary based on several factors, including the loan-to-value ratio, the borrower’s credit history, and the type of mortgage (fixed or variable rate).
Lenders assess the borrower’s ability to afford the mortgage, considering both the rental income and the borrower’s personal income. Additionally, lenders often conduct stress tests to ensure the borrower can still afford repayments even if interest rates rise.
Choosing the right location and property is crucial for a successful buy-to-let investment. Consider factors such as rental demand, proximity to amenities and transportation, and the potential for capital appreciation.
Conduct thorough research on the local rental market to understand current rental rates, vacancy rates, and tenant preferences. This information will help you set appropriate rent levels and attract reliable tenants.
Decide whether you will manage the property yourself or employ the services of a professional property management company. Property management companies can handle tasks such as tenant screening, rent collection, and property maintenance, saving you time and effort.
Familiarise yourself with the tax regulations related to buy-to-let investments, including income tax on rental income, stamp duty, and capital gains tax.
We originally had a client who purchased a run-down property in need of refurbishment, which we financed using a short term loan. Once the works were completed, we were able to refinance the property onto a long term buy to let mortgage. We did this within 6 months of the original purchase, against the uplifted value.
First charge regulated mortgages – We will provide advice and make a recommendation for you after we have assessed your needs and circumstances.
Second charge regulated mortgages. We will provide advice and make a recommendation for you after we have assessed your needs and circumstances.
BTL & CBTL unregulated mortgages. We will provide advice and make a recommendation for you after we have assessed your needs and circumstances.
Please note that our recommendations with respect to Buy to Let are restricted to helping you arrange a suitable mortgage. We will not advise you about whether or not the property you plan to buy and let out to tenants, will turn out to be a sound investment.
Insurance – We will provide advice and make a personal recommendation for you after we have assessed your need sand circumstances. We provide an intermediary service and act on your behalf.
Mortgages – We are not limited in the range of mortgages we will consider and offer advice on for you with respect to first and second charge regulated mortgage contracts for both business and non-business purposes, as well as unregulated BTL and CBTL mortgage contracts. In circumstances where you are looking to increase existing borrowing, the following options, on which we may not be able to advise, may be more appropriate: A further advance from your existing lender. An unsecured loan.
Insurance – We recommend products based on a fair and personal analysis for term assurance, critical illness, income protection, family income and non-profit whole of life
There are so many Brokers in the market, what makes Your Mortgage Consultants different?
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
You may have to pay an early repayment charge to your existing lender if you remortgage.
The Financial Conduct Authority does not regulate some aspects of buy to let mortgages.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Your Mortgage Consultants Limited is registered in England and Wales. No. 14109222. Registered Office: 41-43 Market Place, Chippenham, Wiltshire, SN15 3HR.
Your Mortgage Consultants Limited is an Appointed Representative of Cornerstone Finance Group Ltd, which is authorised and regulated by the Financial Conduct Authority.
Cornerstone Finance Group Ltd is registered in England & Wales. No. 08458702. Registered Office: Unit E Copse Walk, Pontprennau, Cardiff, Wales, CF23 8RB.
Your Mortgage Consultants Limited (No. 979284) and Cornerstone Finance Group Ltd (No. 767202) are entered on the Financial Services Register at https://register.fca.org.uk/
© Copyright 2024. Your Mortgage Consultants. All Rights Reserved
