A buy-to-let mortgage (also known as an investment mortgage) is designed for borrowers who want to let their property out to a third party (i.e. tenants).
More and more people are investing in property as a long-term opportunity to make profitable returns, and as a way of securing finance for their retirement.
There are now plenty of competitive buy to let mortgage deals around that are specifically aimed at the buy-to-let market, ranging from special offer buy to let mortgage deals to fixed and variable rate options.
In addition, mortgage lenders will often assess buy-to-let mortgages on the earning potential of the property (i.e. the rental income) as well as normal income.
Are you looking for your first buy-to-let property? Do you have an existing property portfolio?
Many lenders now offer tailor-made packages for this market, with interest rates increasingly competitive and low deposits. Rental income will be considered by the lenders although the income required will need to be higher than your monthly repayments.
We will offer you comprehensive advice whether you are considering your first buy-to-let purchase or indeed if you have an established portfolio of properties and are looking for a more competitive deal. We will even take care of all the mortgage paperwork for you, so you don't need to worry about a thing.
You may have to pay an early repayment charge to your existing lender if you remortgage.
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
Please call us on Freephone 0800 612 5094 or complete our on-line enquiry form for further advice.
Most buy-to-let mortgages are not regulated by the Financial Services Authority.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. There may be fee charged for mortgage advice. The precise amount will depend upon your circumstances but the maximum fee would be 1.5% of the loan value. Some mortgage and insurance products are not regulated by the FSA.
FreshMortgage.net is a trading name of MDSW Mortgage Consultants who are an appointed representative of The Mortgage Times Group Limited, 279 Tottenham Court Road, London, W11 7RJ which is authorised and regulated by the Financial Services Authority no. 303007.