A buy to let mortgage is designed for people who want to buy a property to let out. With having access to a wide range of lenders, Mortgage Source can find the best deal for your circumstances and can also source deals for...
* Student Let's
* House Of Multiple Occupancy
* Buy To Let Portfolio's
* Limited Company BTL
The deposit you will be required to put down for buy to let mortgage will be typically larger than a standard residential mortgage. The borrower will usually be required to put down at least 20%/25% deposit and normally expected to own their own property.
How much can I borrow?
For buy to let mortgages lenders usually calculate how much you can borrow based on the potential rental income from the property instead of your annual earned income. the expected rental income must fit within the lenders calculators which the advisers at Mortgage Source can confirm on your behalf.
Mortgage Source can obtain an accurate borrowing figure based on investment property.
Like any investment, buy to let comes with no guarantees, but can be more reassuring for those who have more faith in bricks and mortar than the stock market.
*Some Buy to Let mortgages are NOT regulated by the Financial Conduct Authority.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. Our advice is covered under the Financial Ombudsman Service ( www.http://www.financial-ombudsman.org.uk/consumer/complaints.htm). You may be able to submit a claim through the EU Online Dispute Resolution Platform (https://webgate.ec.europa.eu/odr/main/?event=main.home.show if you live outside the United Kingdom or if you prefer not to deal directly with the Financial Ombudsman Service.)