 Buy
to Let
Considering
buying a property to rent out? Looking to expand your portfolio of properties?
A buy to let mortgage is a mortgage package that is specifically designed
for a property that you intend to let out to tenants after you have bought
it. The property acquired will be a source of income through letting.
The source of income, the lender assumes will be used to repay the mortgage.
The benefit of such
a loan is that you might be able to cover the total monthly repayment
with the income that you generate from the letting of the property. This
means that you might be able to acquire the property without physically
paying anything for it.
The
most important aspect of a buy to let mortgage is the interest rate
set by the lender.
As with all mortgages, there are various options that are available here,
such as variable, fixed rate and capped rate mortgages. For a buy to let
property a fixed rate mortgage is often chosen as it gives everybody involved
the most stability in terms of monthly costs – there is no need
for you to increase the rent on the property if your monthly payments
are not increasing.
Whether
you're just starting out with your first buy to let or buying multiple
properties. We can arrange Buy to Let mortgages with the best interest
rates on offer from a wide selection. of the UK's best known High Street
lenders including Royal Bank of Scotland, HSBC, Bristol & West, Halifax,
Birmingham Midshires, GMAC, Woolwich and many more.
There
are many benefits of buying to let, but you should consider all the factors
of becoming a landlord before taking the plunge.
Some of the points to consider are detailed by the FSA at www.fsa.gov.uk
also in the leaflet ‘Buying to Let’ produced by the Council
of Mortgage Lenders (CML). A copy can be obtained at www.cml.org.uk.
Enquiring about a Buy to Let mortgage is easy.
All
you need to do is
complete the no obligation
enquiry form and we will contact you to discuss your requirements.
Or call
us on:
0151 428 5204 to
speak to a mortgage adviser - this service is free and entails no obligation
on your part
Find
out more....
Whilst
the FSA (Financial Services Authority) regulate most mortgage sales in
the UK, they don't regulate mortgages on properties that are bought to
rent out. However, rest assured that we offer the same service with our
Buy to Let mortgages as we do for our regulated mortgages.
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