Mortgages Solutions tailored to you
Whether you’re becoming a landlord for the first time or you’re looking to expand an existing portfolio you will need to take out a buy to let mortgage rather than a standard residential mortgage.
A buy to let mortgage is specifically for people who are buying a property to rent out to a tenant or tenants. We can help you arrange a bespoke buy to let solution that’s tailored to you.
How do buy to let mortgages differ from residential mortgages?
- Interest rates are usually higher on buy to let mortgages compared to residential.
- Whereas for residential mortgages your deposit could be as little as 5% of the property value you will have to pay generally around 25% for a buy to let mortgage.
- Unlike a standard mortgage, where the amount you can borrow is linked to your income, with a buy to let mortgage, the lender will instead look at how much rent you could make from the property on which the mortgage is secured.
Most buy to let mortgages are not regulated by the Financial Conduct Authority.