Buy to let mortgages are increasingly popular as people become more aware of the benefits of having a portfolio of letting properties.
The expansion of the property market has led to a rise in different types of mortgage so that you can apply for the one that best suits your needs. If you are considering investing in property then you will need a buy to let mortgage.
Whether you are starting to build a property portfolio or if you already have a house but want to venture into letting property we can guide you through this.
Let to buy mortgage
With people now struggling to get the deposit required to move on, and buyers typically paying less than home report value, it is becoming increasingly harder to move on in the property market. If there is enough equity in your property you can consider a let to buy mortgage. For many this is a win:win solution. By taking a let to buy mortgage you can remortgage your existing property to then rent it out, release equity and then use this equity as a deposit for a new property. The struggle for many potential buyers to find deposits means that the rental market is growing. The let to buy mortgage can offer you the chance to move on to a new home but to still gain from rental income from your existing property. It will also avoid you having to sell your existing property at less than the home report value.
Whether you are looking for a buy to let mortgage or a let to buy mortgage we can help you find the best mortgage rates for you.
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that the rental income will be sufficient to meet the costs of the mortgage.
Not all buy to let mortgages are regulated by the Financial Conduct Authority.
IT’S GOOD TO TALK
If you would like to discuss any of the products listed above please don’t hesitate to get in touch. Call now on “01337 830 844” or fill in the online form and I will contact you within 24 hrs.
YOU NEED TO KNOW
We charge a fee for arranging your mortgage. This is payable on application and would typically be £500, however this could be higher or lower, depending on the complexity of your case. Fees are not refundable after you have received your formal mortgage offer. We do not charge fees for arranging Protection or General Insurance.
This site is intended for the use of UK residents only.