Buy to Let Mortgages
The main difference between buy to let mortgages and residential mortgages is that the size of the mortgage available is based on the rent from the property, and how big the loan is in relation to the value of the property. Many lenders like the borrower to have an income of at least £25,000pa as well.
There are other considerations to take into account when investing in property. The stamp duty is higher by 3% than a residential property and the government is proposing a change in the tax regime that removes the relief that higher rate tax payers used to enjoy.
That is not to say that investing in property is not a good idea. Though values can fall as well as rise property is traditionally seen as a safe investment, and a solid portfolio can deliver both income and growth from your capital.
Whether you are starting in your property investment journey, or an experienced landlord already, we will use our years of experience to get the best deal for you.
Note: some forms of Buy to Let Mortgages are not regulated by the Financial Conduct Authority