Buy-to-Let Mortgages
Buy-to-let mortgages are different from residential mortgages in a number of ways. Firstly, the amount that can be borrowed is based on the property’s value and the rent that is expected to be received each month from your tenant. Some lenders will however take into account your income as well. Secondly, the interest rates and fees are normally higher than for mortgages used to buy a property to live in. Finally, not all types of tenants are acceptable to all lenders so finding the right tenant can be critical. Types of tenants: DSS, Students, private and multi tenancy
When it comes to finding the right buy-to let mortgage the search can be one of the most confusing. With rental assessment calculations, assured shorthold tenancy agreements, and rules as to who can be your tenant, the whole process can feel like a never-ending maze. At Pure Mortgage & Financial Planning we can provide expert knowledge and experience on all matters from finding the right mortgage to how lenders calculate the level of rent required in order to cover the mortgage payments.
Testimonials
Thank you very much for sorting out our mortgage! You have been brilliant. Definitely recommend you to anyone and will be dealing with you in the near future.
Just to say a massive thank you for all your invaluable help. It is very much appreciated. Couldn’t have done it without you.
Just a little note to say thank you once again for all your help and support with our (TRICKY!) remortgage. We really do appreciate all the time and effort you put into sorting it out.
Thank you so much for once again being immense help with our mortgage and insurances. We’re thrilled to have moved and are enjoying the unpacking and planning DIY!
Many thanks for all your help in getting back on the property market. Your help and advice has been invaluable.
From the both of us, our very sincere thanks to you for all your help and advice over the past few months. It has been a long road to get here and you have worked so hard for us, we really can’t thank you enough. We’re so pleased to finally own our own home, and you have been a huge help in making that happen.
Adaptability; in being very professional, whilst always taking the time to go over anything that was miss understood our end to making the experience very enjoyable and a good laugh. Richard is now a contact for life
Richard is an excellent adviser who is always pragmatic, honest and realistic in his approach. We have really valued his kindness and patience with us over all our dealings with him.
Very professional, very honest, gives you 150% customer service. We never trusted any other advisor the way we trust Richard