Experienced landlord? Considering buying your first buy to let or simply thinking of renting your home and buying another? Recent changes mean it's more important now than ever to get professional mortgage advice. Get in touch with us for expert advice to help you make the right choice.
How much could I borrow?
Most lenders typically would like you to have t least 25% deposit but this can vary. The amount you can borrow is generally based on rental income, the amount of deposit and your income, age and credit history can all be taken into account.
Can I use equity from my home?
Yes that is possible if you have sufficient equity between the value of your home and the remaining mortgage balance. We can assist in sorting all of that out for you.
Do I need a Buy to Let Mortgage?
Simply put yes. If you are buying another property with the intention to rent it out then you will need a buy to let mortgage. The terms of a buy to let mortgage differ greatly from a residential mortgage. We have access to a wide variety of options to suit your needs. Also remember that there will be running costs to renting out a house so plan carefully and ensure you are full prepared.