Buy To Let Mortgage Buy To Let Remortgage

Buy-to-let mortgages are specifically designed for people who want to invest in the UK property market by purchasing one or more houses and renting them out to tenants. The Owner then benefits from any appreciation in the property’s capital value.

They are also likely to be able to maintain the property and meet most if not all of the loan repayment from the revenue realised by letting. The Buy to Let phenomenon has driven house prices higher over the last few years while making a broader section of rental accommodation available.

Buy to Let mortgages differ from what came before by specifically allowing the rental revenue to be considered as income when considering the ability of the buyer to meet the ongoing mortgage payments. A buy-to-let mortgage is similar to a standard mortgage for property that the Owner will inhabit.

The percentage that the buy-to-let lender is willing to lend is likely to be restricted to 75% of the value of a property. The term of a buy-to-let mortgage is likely to be 5 to 35 years.

Some high street banks and building societies now offer a buy-to-let mortgage product. As mortgage brokers, we also have access to buy-to-let mortgages through specialist buy-to-let lenders unavailable on the high street.

Buy to let Tips

Finding the correct property to let is the key to a successful return on your investment. Begin by approaching local estate agents or rental agents and asking for advice on local letting trends. Find out what type of property is in demand and how much rental income you would expect to receive. Estate Agents are a great source of information, but remember that they have a job to do; so don’t be surprised if you are steered towards properties in their shop window.

If you intend to invest in a university town, contact the university Accommodation Offices. They will happily tell you which areas are popular with students and the going rental rates. If you follow their advice, they shouldn’t have any difficulty finding you reliable tenants.

Before you buy

When you have found the right property, it’s time to contact Africasia. We will work to find the best ways to maximise your returns by sourcing the best Buy to Let mortgage that suits your needs. We know how important it is to get things right the first time, and we ensure that all our mortgage facilities can be easily increased to reflect rises in the value of your property. This is the first step in building a portfolio of properties.

Before you let

When you have made a mortgage application, we will help you to maximise your rental income by sharing hints and tips on making your property more appealing and finding the right tenants.

For a free, no-obligation consultation regarding your buy-to-let mortgage or remortgage requirements, call 0845 222 1121 today or enter your details in the form below.

Buy to Let mortgages are not regulated by the Financial Services Authority.