Let us do the hard work...
We can help you to find the best buy to let deals, based upon your circumstances and preferences, whether you are a professional landlord or a newcomer to the buy to let market.
Lender criteria for Buy to Let mortgages vary greatly. Some lenders will consider advances of up to 80% of the property’s value whilst in the case of HMOs (Houses in Multiple Occupancy) the maximum LTV is normally 65%. Some lenders require an individual to prove a minimum income of £25,000 per annum whilst others have no minimum income requirements whatsoever providing the rental income of the property is at least 125% of the monthly interest payable. Some lenders will allow applications from Limited Companies whilst others will not. The need for professional mortgage advice in this sector of the market is unquestionable.
The last couple of years have seen a large rise in the number of new landlords entering the buy to let market. Some people who have been unable to sell their homes have entered the market ‘by accident’ as it represented the only way they could manage to move home.
Others have recognised that a subdued housing market represents an excellent opportunity to acquire property relatively cheaply, and that the prospective returns can be greater than those projected for more traditional investment or pension plans, and have therefore opted to become landlords rather than entrust their money to the financial institutions.
How can we help.
Many of our clients have been professional landlords for over 20 years. Others have only recently begun to build their portfolio and some have merely let out their former home because they couldn’t sell it for what they considered to be a fair price. They all have one thing in common; they have needed help to find the most appropriate form of funding. We continue to monitor all our clients’ property portfolios on an ongoing basis and are always pleased to acquire new clients in this area. Please give us a ring or fill in the enquiry form to see how we can help you.
Please call us to discuss your requirements or complete the enquiry form and we will contact you.