Are You Looking To Grow Your Property Portfolio?
Rising property values and a booming lettings market has meant that many lenders have developed mortgage deals tailored to the needs of would-be landlords. For investors seeking rental yield or capital growth, property has proved a good investment at a time when returns on other types of asset have been comparatively low. Landlords can buy property in their own name or through a limited company.
When looking for a buy-to-let mortgage, there is a principle to be met. Lenders will require you to already be owning a property with an outstanding mortgage. Other conditions include annual income, age and credit rating. With the support of our qualified experts, we can discuss your plans and find the best way forward.
This will depend on the value of the property you plan to buy and how much rental income you are aiming to receive. Commonly, lenders wish for your rental income to be 25-30% higher than your mortgage payment.
If you are unsure of what the rental cost of the property will be, talking to an estate agent could be beneficial. This will help you to compare the prices of other rented properties within the local area.
To progress with a buy-to-let mortgage, we will support you in finding the most convenient solution to suit your requirements.
The Financial Conduct Authority does not regulate some forms of Buy-to-Let.
There may be fee for mortgage advice. The precise amount will depend upon your circumstances, but we estimate this to be £125 payable on application and £395 payable on completion. A fee of £125 is payable for returning customers and no fee is charged for Product Transfers.
The Financial Conduct Authority does not regulate some forms of commercial mortgages, secured loans, unsecured loans, bridging loans, trusts, overseas mortgages, and conveyancing or debt management.
The guidance and/or information contained within this website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK
The Bureau 4 Mortgage Advice Ltd trading as The Bureau 4 Mortgage Advice are an appointed representative of HL Partnership Limited, which is authorised and regulated by the Financial Conduct Authority
The Bureau 4 Mortgage Advice Ltd are registered in England and Wales with company number 09989346. Registered Office: 4 Oplal Road, Swindon, SN25 2SS