Buy To Let Mortgages

Buy to let

A Buy to let mortgage is designed for borrowers who want to invest in the property market and purchase a property to rent out to tenants. A Buy to let investment can be viewed as a long-term opportunity for profitable returns and as a way of securing finance for retirement. There are many competitive mortgage deals around that are specifically aimed at the Buy to let market.

When you take out a buy-to-let mortgage, you will be expected to meet certain criteria:

You will be required to put down a deposit and this will be typically larger than for a standard residential mortgage - it will likely be 25% of the property's value.
Your expected rental income will usually need to exceed your mortgage repayments by a certain percentage - for example, your lender may require a rental income of 125% of your monthly mortgage payments. However, some lenders are more flexible – Please ask me for further information.

Please remember that it is the borrower's ultimate responsibility to ensure that the mortgage payments are made, whether there is a tenant in the property or not.

Let to Buy

If you are experiencing problems (especially in today's current economic climate) in selling your property then we can look to arrange a let to buy which will enable you to rent out your property in order to allow you to move

IMS Independent Mortgage Solutions is authorised and regulated by the Financial Services Authority 491748.

The Financial Services Authority does not regulate some aspects of commercial mortgages; buy to let mortgages, secured loans & unsecured loans. We do not normally charge a fee as we are usually paid by the lender. However, you have the option to pay us a fee and receive any commission which we are paid by the lender. If you choose this option, we estimate that the fee will be £500. sitemap