Considering purchasing a property for rental purposes? A ‘Buy-to-Let’ mortgage is tailored for individuals who want to purchase a property, with the vision of investing in their financial future. However, obtaining a ‘Buy-to-Let’ mortgage is different from a standard residential mortgage. The borrowing limit isn’t solely based upon your income, instead the lender considers the potential rental income the property might generate.  

To be eligible for a ‘Buy-to-Let’ mortgage, you typically need to have a good credit score, a stable income, and a sufficient deposit. The deposit requirements for a ‘Buy-to-Let’ mortgage are typically higher than for a standard residential mortgage, and the interest rates may also be higher.  

It's important to carefully consider the costs associated with this type of mortgage, including the mortgage payments, maintenance costs, and potential periods when the property is unoccupied. When buying a property to rent, speaking to an accountant is highly recommended. They will guide you through incorporating rental income into your tax situation, a critical aspect requiring expert advice.

Our process begins with a comprehensive ‘Fact-Finding Questionnaire’ to ensure that a ‘Buy-to-Let’ mortgage is the right option for you. We will then match you to the ideal lender and ensure they’ll be happy to lend prior to submitting a full application.  

We’ll then gather all required documents from you and secure the mortgage by working with the lender directly. That includes the underwriting and the valuation of the property to picking up the keys.  

#buytoletsimple!

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Important note:
A buy-to-let mortgage is secured against your property. It could be repossessed if you do not keep up the mortgage repayments.