Buy to Let Mortgages
Whether you are tentatively considering purchasing your first Buy to Let property or are an experienced portfolio landlord, you will almost certainly require a mortgage to realise your goal. This will need to be a Buy to Let mortgage as opposed to a Residential mortgage as we will now explain!
A Buy to Let mortgage differs from a Residential mortgage in several ways, including how the amount you can borrow is calculated, rental income being the main driving factor here. Then there is ownership of the property. Should it be owned on an individual basis or maybe held inside a Special Purpose Vehicle (SPV) Limited Company. Having access to the whole of the mortgage market we can offer you the widest possible choice of mortgage products to meet your needs.
As with residential mortgages, different lenders will have different criteria, which will ultimately mean they will lend different amounts of money. Our role is to match the right Buy to Let mortgage to your own individual circumstances.
It is not just about finding the right product though. We will manage your application for you. From the first meeting, through ensuring the lender has all the documentation required, checking the Offer Letter is correct once it is issued and checking that it still meets your needs and then chasing the Solicitors to ensure that your mortgage completes in a realistic time scale.
It doesn’t end there either!
With your permission, we will keep in touch with you providing you with market updates and Newsletters on a regular basis and when your mortgage deal is coming to an end we will be in touch again to review what options are available to you. It may be that the best choice is to stay with your current lender, it may be that significant savings are possible by switching to another lender, whatever, you can rest assured that we will provide you with an honest and open assessment with your best interests at heart. Based just outside Colchester, we have easy access to all parts of Essex making us a sensible choice for landlords looking to find a new mortgage deal from a broker that understands this complex marketplace.
When purchasing your first or subsequent Buy to Let property, it is important to remember that there are tax implications and it is your duty to ensure that HMRC are aware of any income that you receive from your property. If you are unsure of what is and is not your responsibility, we can put you in touch with several local accountancy practices who will be happy to advise.
With over 25 years of advising on Buy to Let mortgages in Colchester, Tendring and throughout Essex to individual landlords, portfolio landlords and Limited Companies, you can be certain that if a deal exists, we WILL find it!
To find out more, contact us today!
Not all Buy to Let Mortgages are regulated by the Financial Conduct Authority. Your Property may be repossessed if you do not keep up repayments on your mortgage.