Buy to Let Mortgages

Buying a property to let out offers the appealing prospect of a potential rental income, plus the possibility of equity to unlock later if property values increase. While average property prices across the UK have risen only modestly in recent years, the rental market has been thriving.

The key to making a buy-to-let venture work for you is finding the right property along with the best possible mortgage deal. That’s why it’s so important to take impartial mortgage advice.

If you are considering investing in a buy to let property for the first time, speaking with us about the pros and cons could be a sensible first step.

While buy-to-let mortgages are similar to residential home loans, there are some very important differences.

For example, buy-to-let mortgages require a larger deposit than regular loans (typically 25%), and you’ll need to show most lenders that the rent will cover your interest payments on the mortgage by at least 125%.

Buy-to-let property is a long-term investment which you hope will generate an income from rents and capital gain when you sell the property. It is important to remember that there is no guarantee that you'll make a profit on the investment and if access to cash is needed, then a property may take time to sell or remortgage.

When investing in property to rent, you should also consider potential 'void periods' when you may have no rental income.

It is always necessary to maintain access to an emergency fund to cover your mortgage payments during times when you may have no tenant and the property is not let.

RISK WARNING

A mortgage is a loan secured against your home or property. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

We will charge a fee of between £0 and £195. The precise amount will depend on your circumstances. The fee is payable on application. We will also be paid a fee from the lender.

Most forms of Buy to Let mortgages are not regulated by the Financial Conduct Authority.

The guidance contained within this website is subject to UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

Your Ideal Mortgage Ltd are an appointed representative of PRIMIS Mortgage Network, a trading name of TenetLime Ltd. TenetLime Ltd is authorised and regulated by the Financial Conduct Authority.

TenetLime Limited is entered on the Financial Services Register (www.fca.org.uk/register) under reference 311266.

By clicking any the above link to the Financial Services Register, you will be departing from the regulated site of Your Ideal Mortgage Ltd. Neither Your Ideal Mortgage Ltd nor PRIMIS can be responsible for any content created and published solely by a 3rd party outside our regulated site.

Make an Appointment

Telephone or email us to discuss your needs or book an appointment at a time to suit you in the Cornwall & Devon area.

We offer a friendly, professional service and have access to a comprehensive range of first charge mortgage lenders.

Tel: 0800 772 3915

Calls to this number are FREE of charge.

Email

enquiries@youridealmortgage.co.uk

Email communications are not secure and for this reason Your Ideal Mortgage Ltd cannot guarantee the security of the email, its contents or that it remains virus free once sent.

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By clicking any of the above links, you will be departing from the regulated site of Your Ideal Mortgage Ltd. Neither Your Ideal Mortgage Ltd nor PRIMIS can be responsible for any content created and published solely by a 3rd party outside our regulated site.

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