Buy to let mortgages...

Many people see property as a great long term investment, providing an income and capital growth. As a result the buy to let market has increased substantially over the last decade.

Whether you wish to use your investment property towards an income in retirement, to fund children's further education, try to clear your own mortgage early or just to accumulate wealth, we can help.

Lenders tend to base buy to let mortgages on potential rental income, rather than customers earned income as with residential mortgages. Lenders use different formulas to calculate the maximum loan on a property. Lenders also require varying deposits and also have differences in their arrangement fees, which can be higher than on a residential mortgage.

It is also important to consider how you will fund the mortgage if the property is unlet for a period of time, as well as maintenance costs, and buildings insurance. Other costs to consider are letting agent's fees, capital gains and income tax. You must also be aware that if property prices fall you could see your deposit reduce, or even end up in negative equity.

Another consideration is how long you intend to keep the property, short term or long term, and make sure your new mortgage fits in with your future needs and plans.

Whether you are looking for a single buy to let or looking to build a portfolio of properties let us guide you through the different options, and save you time and money. Give us a call today and let us help you maximise the profit on your investment from the start.