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What Is a Buy To Let mortgage?
A buy to let mortgage is a loan used to secure a property which is then rented out for profit. The amount you can borrow is most often determined by the rental income you will receive from tenants (this is the rental calculation) and how much you can contribute to the purchase price (the deposit). Many lenders will also require proof of personal income separate from the rent received. Exact terms and requirements vary greatly from lender to lender. Additionaly the format of ownership i.e. personal name vs limited company ownership can also have a large impact on the interest charged and the loan achievable.
Its vitally important that the right ownership structure, lender and product is chosen to ensure the suitablity of the mortage and profitabilty of the investment. Purchasing a BTL property is a commercial decision and one driven by the desire to earn profit; care should be taken as any mistakes in this area could wipe out any gains.
How can we help?
Once we have gained a full understanding of your circumstances and requirements, we will review the market to find the right terms for you. Whether that is the cheapest rate, most affordable fees or lowest rental calculation. Best of all – we will do this with minimal fuss, from the moment you contact us to completion.
We work with every lender in this field and have access to market leading buy to let rates so we can negotiate the most suitable solution for you. Rest assured we will look at your entire financial picture from multiple perspectives and present you with options many other brokers could not.
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Doing a good job is important to us, so we’re always delighted to receive positive feedback from our customers.
Here’s what some of them have been saying about us recently.
“I have been referred to Chris by a professional network and I am extremely glad I have! They have assisted me in getting the best mortgage and I couldn’t be happier with their services and professionalism. I would highly recommend the entire team to anyone wishing to seek advice in this area!”
“From Start to Finish all the team at CAPC were helpful and delivered a very professional service, with regular updates on the status of our application and good advice on the options which were available, a great service which I would recommend Thanks Again.”
“CAPC were excellent in sorting my Mortgage in tight timescales. The team managed the process from start to finish and provided confidence that they could develop a great solution. They sourced a cheaper and better product with the added benefit of an offset. I would recommend their services to others.”
Contact our expert advisers now
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Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances and loan amount. The fee is up to 1.5%, but a typical fee is 0.67% of the amount borrowed.
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
CAPC is a trading name of Christopher Allen Private Clients Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.
Christopher Allen Private Clients Limited. Registered Office: 7 Arrow Court, Adams Way, Alcester, Warwickshire, B49 6PU. Registered in England Number: 08820469