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Buy to let mortgage
About buy to let mortgages
Buy to let mortgages are a little different. That's because they've been
specially designed to help out landlords like yourself. And like houses, they
too come with special fixtures and fittings to make your life even easier!
What’s different about buy to let mortgages?
Buy to let mortgages are based on the likely rental income of the property, not
how much you earn. You can borrow up to 85% of a property’s value (a percentage
known as loan to value), so you'll need a deposit for the rest. Interest rates
also tend to be slightly higher than normal mortgages.
Are there different buy to let mortgages?
Yes – what’s right for you probably depends on one key question, ‘do you need an
income straight away?’ If you do, you’ll probably want to keep your mortgage as
small as possible to keep expenses down. If you don’t, you could consider aiming
for ‘tax neutrality’, taking a bigger mortgage so that the rental income and
running costs roughly balance each other out and there’s no ‘profit’ for the
taxman to get his claws into.
Fixed, discounted, or tracker?
Just like any other mortgage, buy to let mortgages come in all sorts of shapes and sizes. What’s best for you really depends on what’s likely to happen to interest rates and how much stability you want around your mortgage payments. There’s also your loan to value ratio and whether it’s a single property or part of a bigger portfolio. Don’t worry, we’re here to help you choose.
provider buy to let mortgage to :
Buying First Home - Moving Home - Re-mortgaging - Buying to Let - Self
Certification - Existing Borrowers
To find out more about these buy-to-let mortgage ranges please call
0800 2944 546. Alternatively,
we can call you.
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