Buy to Let
More and more of us are becoming landlords these days, mostly attracted by the potential for a solid regular income and often by the desire to invest in something that they can touch and feel – something ‘real’.
You may have the cash to buy a suitable property outright or you may wish to invest by putting in some of your own money and borrowing the rest – usually by means of a Buy-to-Let Mortgage.
This is 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, which in many cases are generally similar to the rates offered on a standard mortgage.
Which type of mortgage?
Some landlords use repayment mortgages to buy property they intend to eventually own outright. Others use interest-only mortgages, often with the intention of selling-on when the price of property rises. In either case they usually use the rental income to offset the repayments.
People can actually build up significant property portfolios as their business, and which provide their main source of income.
Contact us for further information and to arrange a mortgage on your buy-to-let Property.
You can be assured of clear independent advice tailored to your needs.
The FCA does not regulate some forms of buy-to-let mortgages
