Buying A Property to Rent (Buy to Let)
This can be a popular mortgage option for those wishing to invest in residential rental property. Although the perception is that buy to let mortgages are expensive, this isn't necessarily correct. There are many lenders who offer competitive rates depending on the clients circumstances.
Landlords also have a choice between interest only and repayment mortgages. Buy to let mortgages do differ in several ways from standard mortgages. When lenders are considering approving a buy to let loan, they generally base their decision on the likely rental income from the property and not necessarily the applicants' income. A prospective landlord needs to be aware that the rental income typically needed is 125% of the mortgage repayment, although this can vary from as little as 100% rental income up to 130%.
With our expertise in this market, we can help you find the right product to suit your requirements. With our extensive access to mortgages and our knowledge of lenders requirements, we can find you the right buy-to-let mortgage.
The FCA does not regulate some forms of Buy to Let mortgages.
Buy to Let Mortgage Rates
The FCA does not regulate solicitors, conveyancing and some forms of buy to let mortgages and we act as introducers for solicitors and conveyancing.
You will receive a personalised illustration when considering a mortgage, which will tell you about any fees relating to it, and the commission we will be paid.
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Cranwood Mortgage Services Ltd is an appointed representative of Sesame Ltd which is authorised and regulated by the Financial Conduct Authority. Cranwood Mortgage Services Ltd is entered in the FCA Register and its FCA Register number is 479548.
Registered in England 06501996 Our registered address is Accountancy House, Station Road, Upper Broughton, Melton Mowbray, LE14 3BQ
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
If you are experiencing financial difficulty and struggling to make repayments, then you can contact your lender who may be able to help taking account of your individual circumstances. You may want to contact one of the free impartial money guidance and debt advice services such as StepChange, Citizens Advice, or Turn2Us
If you need to make a complaint, please contact us:
Write to: The Customer Relations Department, Sesame Limited, Fourth Floor, Jackson House, Sibson Road, Sale, M33 7RR
Email: CustomerRelations@sbg.co.uk
Telephone: 0345 0456 800 (Mon-Fri 9.00 am to 5.00pm)