A truly independent solution
If you are considering stepping in to the buy to let market then our team will be on hand to help you every step of the way. Whilst you will be purchasing a residential property the scenario of then letting this to a tenant is classified as a business transition, therefore rates and fee’s are generally higher than a standard residential mortgage.
As an independent mortgage company we are in the fortunate position of not being tied in to one lender, we can take the time to fully understand your individual circumstances and provide you with a completely unbiased solution. We will use our expertise and business acumen to provide mortgage solutions which matches your specific financial situation.
This is a long term investment which you hope will generate rental income along the way and a profit when you sell the property, but bear in mind that if you need access to some cash a property can take time to sell or re-mortgage. If house prices fall, you might not be able to sell for as much as you had hoped. You would have to make up the difference if the property sold for less than you owe – a risk that increases, the higher the percentage you borrow. If you sell for a profit, you may have to pay capital gains tax. Don’t forget that with a variable rate mortgage, your costs will rise if interest rates go up. This would eat into, or even wipe out, your income and profit.
A MORTGAGE IS A LOAN SECURED AGAINST YOUR PROPERTY. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.
THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE TAX PLANNING AND MOST FORMS OF BUY TO LET MORTGAGE.
Our top tips for considering buy to let
Free initial consultation
There is no quick solution to finding you a buy to let mortgage, just time and research. That is why the first initial consultation is always at our cost. For more information please call us on 01993 706403.