Buying a property to rent out can be exciting but there are many things to consider. Do you buy to rent to private individuals, as a holiday let that you can use some of the year yourself, or a house of multiple occupation (HMO)? How big a deposit do you put down and what rent is needed to support the mortgage? With our buy to let mortgage advice these questions will become a lot clearer.
As with residential mortgages the options are vast and getting professional advice is important. In fact a lot of the lenders in the buy to let sector only allow applications via a broker so by speaking to us you are giving yourself a lot more choices.
We will assess the type of rental you are looking at, what income is needed from the rent to make the deal work and recommend the best lender and rate to fit your circumstances. Then, when you have found a property we will submit the application and look to progress this to a mortgage offer as quickly as we can.
You will be able to find some of the rates using our search below but we would love to speak with you and provide you with our first-class buy to let mortgage advice.
ps – when you speak with us, ask us to send you a guide to buy to let. Our lenders have put together helpful documents to assist in thinking about all the aspects of owning rental property and we would like to share those with you.
The Financial Conduct Authority does not regulate some forms of buy-to-let
Your home may be repossessed if you do not keep up repayments on your mortgage