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These mortgages are for properties being let out and is normally based
on the rental income potential of the property.
There are many reasons for entering the buy to let market.
You may be looking for:
An Income – the rental achieved on a property should adequately
cover the mortgage payments and provide additional income to the owner.
An Investment – property is widely recognized as providing long
term growth, with the potential for highly profitable returns. You may
choose to invest in property for your long term future.
In most cases a deposit of 15% of the purchase price is required.
The mortgage lender will calculate the maximum advance depending on
the rental income, this often has to be at least 125% of the interest
only mortgage payment.
Remortgage existing buy to let
If you already own investment properties, why not see if you can get
a better deal. Just like a residential mortgage you need to stay competitive
and look to reduce what you are paying.
Why not use the growth to raise capital for another purchase.
Capital Freedom have fully qualified advisors who can discuss your
current position in complete confidentiality, and can search the marketplace
for the right deal for your circumstances.
For no obligation advise contact
us today
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