Buy To Let
Whether you are an experienced BTL investor, purchasing your first BTL, or considering letting out your main residence to purchase a new one, we are highly experienced in arranging these types of mortgages.
Whether you are looking for an additional income source, or capital growth, recently introduced regulation has tightened up lending criteria, with more lenders needing a greater rental income coverage than they ever used to.
Please be aware that from 6 April 2016 higher rates of Stamp Duty Land Tax are applied to the purchase of additional residential and non-residential properties. For further information visit the Government Website.
What Are The Steps Involved?
We have access to a comprehensive range of mortgage lenders, all of which have vastly differing criteria. Therefore, it is important that you use a company that can research all of the options to find the right mortgage product based on your needs and requirements.
We usually arrange a chat with you over the phone initially and help you understand the amounts you can borrow, costs of buying a property and the likely monthly payments.
We will summarise our entire conversation to you by email and explain the next steps in terms of helping you obtain a mortgage.
Once we have all the necessary information, we can obtain an AIP (Agreement in Principle) which you can use to show estate agents, evidencing your ability to obtain a mortgage. We are more than happy for you to provide our contact details to the agent, should they need your offer to be ‘financially qualified’.
Once you have an offer we will help secure the right mortgage deal based on your needs and requirements and liaise with the estate agent, mortgage lender, solicitor, surveyor and all associated parties to ensure that the mortgage offer is issued as quickly as possible. We will also help you with all the legal forms that need to be completed and guide you right through to getting the keys to your BTL Property.
A mortgage is a loan secured against your property. Your property may be repossessed if you do not keep up repayments on your mortgage.
The Financial Conduct Authority does not regulate most forms of buy to let mortgage