Buy To Let Mortgages

An increased number of people are looking to invest in property. It has become a more controlled environment as lenders have acted more cautiously towards buy to let lending. The regulators have revamped guidelines surrounding Buy To Let mortgages that have triggered changes to how banks operate in this field.

Whilst the general emphasis is still on the rental value of a property, more guidance is needed now on the affordability aspect of this borrowing. In short, buy to let criteria has narrowed to fall further in line with residential lending policies.

There is now a wider range of buy to let mortgages in the market. First time landlords, experienced landlords, no income buy to let, HMO, Limited company buy to lets and adverse credit buy to let to name a few.

Below is a list of different buy to let propositions and each one will have a unique client base as well as a select set of lenders that cater for that particular type of buy to let mortgage.

Our advisors have the right knowledge to place your business with the correct lender for your buy to let mortgage first time. Simply make an enquiry and an experienced advisor will help with your needs.

First time Landlords

For people who currently own their own property and are looking to branch out into buy to let for the first time. Checks are more stringent since the economic downturn and most lenders will want to verify an applicant’s income much in the same way as they would for a residential first time buyer.

You may need to have a minimum income as a safety net against any potential rental voids that could occur and lenders will want to see good conduct of your current mortgage account.

Experienced Landlords

Whether you are looking to add to your current portfolio and or you want to remortgage your current buy to let property and you are looking for the most suitable deal to suit your circumstances, you are in the right place.

Limited Company Buy to Lets

Purchasing a buy to let under a limited company is something we are seeing more and more of. Most of these cases are unique to each individual’s circumstances and therefore generic information on them is difficult to find. There are tax breaks that could make this an attractive way to purchase a property or even swap over a current portfolio but there will also be downsides to this. This is quite a niche and growing area and in turn you will need a specialist to advise you in this field.

You should seek separate legal and tax advice regarding your responsibilities of owning this type of property.