A Buy To Let Mortgage is a mortgage loan secured against a property
that is rented / let out to a third party(s) by the applicant (borrower)
and is not lived in / occupied by the borrower. It can otherwise be known
as an investment mortgage, investment property mortgage or a commercial
mortgage.
In calculating the affordability of a Buy To Let Mortgage,
lenders will make an assessment of the rentability of the property, and
assess the expected rental value per month - i.e. how easy they feel it
will be to rent the property out, and what the expected / anticipated monthly
rental income will be. Different lenders use different rental equations
/ calculations, but the standard is that the anticipated rental income must
equal 125% of the monthly mortgage payment. Some lenders will take the applicants
income into consideration also if the rental cover is tight. Although there
have occasionally been 90% LTV products available on Buy To Let products,
the minimum deposit tends to be 15% (a maximum LTV of 85%).
If
you are looking for advice on the most appropriate buy to let mortgage
to meet your needs, then our service can help YOU!
We
are proud, through our Internet Mortgage Service, to be able
to introduce you to qualified independent advisers who can
help you to find the most appropriate buy to let mortgage to
meet your individual needs, at no obligation. Simply click below
and submit an enquiry.
Mortgage.gb.net introduces to Park Row Associates Ltd and other strategic (independent) advice partners. Park Row Associates Ltd are a national independent financial advice company who are authorised and regulated by the Financial Services Authority. Mortgage.gb, as part of the Internet Mortgage Services group of websites, believe very strongly that the, "Best Advice is Independent Advice". We are very careful to ensure that all our partner advice companies are, and remain to be, independent and retain whole of market access to ensure that you can obtain (through our service) the most appropriate mortgage to meet your needs. For information on our partner advice companies, please click
here.
Our
other strategic partners have been selected to compliment our association
with Park Row. It will be clear to you which of our partners will
deal with your request at the earliest possible stage
The aim of this service is to introduce people like yourself to an independent mortgage adviser, who can either advise and recommend a specific mortgage deal for you (based on your needs / circumstances) or can offer detailed information on suitable products to help you select the most appropriate mortgage deal available to meet your needs.
The
key to our service is independence. The adviser that you will be introduced to will be fully independent, and as such will review the whole UK mortgage
market to give you the best advice and access to some exclusive deals.
You are under no obligation to proceed.
You
will be instantly notified by e-mail of any additional information
required, using an easy to complete mortgage questionnaire form.
All information will be contained on a secure server, and will remain
confidential between you and your adviser.
We like people to remain in control, so the preferred methods of contact are both phone and e-mail. It can be arranged that an adviser can come to see you in person at your request, but find that most clients prefer to work remotely.
Once
the adviser has obtained the information they require to find you
the most appropriate deal, he / she will source from the entire UK
market using in-house regularly updated mortgage sourcing software.
He / she can e-mail or post recommended product illustrations for
you to look over (or may be available to provide a face-to-face advice
appointment with you).
We
believe the Best Advice is 'Independent' Advice!
Your
home may be repossessed if you do not keep up repayments on your mortgage.
"A
fee may be payable for mortgage advice, depending on your circumstances,
of up to 1% of the loan amount."
