Access Buy-to-Let Mortgages is a route to finance which facilitates either a property or properties to be purchased with the sole intention of then letting out to regular paying tenants.
Aspiring individuals wishing to become landlords, or those already in the property rental business and who are looking to expand their current property portfolio will undoubtedly have a need to access buy-to-let mortgages as a way to fund their property purchase(s).
This type of mortgage is similar to that of Standard Mortgages, with one difference being that the interest rate applied can be higher. This primarily would be due to the actual lender(s) viewing a bigger risk is being taken by them, due to the fact of the purchase money is being loaned to a person (or business) who is potentially then very reliant on tenants of the mortgaged property being able to pay or cover the monthly mortgage contractual amount (fees). Furthermore, lenders in certain circumstances and situations at times can make requests of the Buy-to-Let-Mortgage applicant(s) for larger deposits by way of gaining access to the finance they need.
Other differences of Buy-to-Let-Mortgages to that of a Standard Mortgage could be that typically they may only be interest-only mortgage products available. Plus, the amount able to be borrowed is typically assessed on the total earnings to be made from the overall property rental payments, as opposed to how much individuals(s) earn.
Access to most Buy-to-Let Mortgages is only available through finance brokers. As our funding partner brokers are independent, therefore not tied to any direct lending organisation. Ensures that our customers only get viable and credible solutions which are solely right for them from the whole of market. Additionally, our broker partners also have past experience of working directly for some of the actual lenders themselves thus providing an added benefit to our service offering as well as ensuring that all Buy-to-Let Mortgage applications made on behalf of the customer are seamless.
With an unrivalled list of lenders, we are able to quickly and effectively scour the Buy-to-Let market for our clients wishing to Access a Buy-to-Let Mortgage, then working to successfully secure the funding required.
If you have a need for a Buy-to-Let-Mortgage please feel free to let us know as this will enable us to then have a no-obligation conversation with you in order to assess things on your behalf as well as then advise of what options may be open to you.