Mortgages
Mortgages Buy to Let Mortgages

Buy to Let Mortgages

The Buy to Let mortgage market is rapidly growing, largely due to the difficulties for first time buyers to get onto the property ladder, and because they can provide excellent long term investment.

It pays to speak to a good independent broker when looking for a Buy to Let mortgage.

largemortgageloans.com can not only talk you through what deals are available, but we can also help you weigh up which one is right for you and whether to fix or track.

We can discuss with you the deposit you may need, which can be higher than required for a residential mortgage, and talk about the rental income you would need relative to the monthly mortgage payment.

Things to consider before purchasing a Buy to Let property:

  • The location, state and type of property. Tenants have high standards these days, with showers, washing machines and fridges expected as standard, as well as a general quality of finish throughout the property.
  • Ensure you research the area you are purchasing in, for current and future demand so you are certain you will be able to let your property.
  • Some types of tenants will be more favourable with lenders than others. Most lenders require that you have at least a 6 month AST (assured short hold tenancy) in place with your tenants. It may be more complicated if you choose to let to students, DSS tenants, or if you have less regular tenancy periods such as short term and holiday lets.
  • You will still be responsible for maintaining the payment of the mortgage if the property is vacant, so make sure provisions are put in place should this occur.

Whether you are arranging your first Buy to Let mortgage or you are an experienced landlord, there are many competitive mortgages available which are tailored specifically for the needs of property investors. We can help you source the most suitable Buy to Let mortgage for your needs via our extensive network of banks and private lenders

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