Buy to Let Mortgages offer a wide variety of possibilities for clients looking to build a property portfolio for many reasons.
Why choose to buy to let:
- Potential long-term capital growth.
- With the current trend for rental properties becoming increasingly more popular there is a market for tenants f you can afford to buy another property and rent this.
- A long-term investment that differs from other investments.
- There are now more lenders in the marketplace who offer buy to let mortgages.
A buy to let mortgage is different to a standard mortgage and it will be assessed on a different set of basic financial information. 3 main differences are taken into account. A lender will usually assess your rental potential you will receive as well as the income you have from employment, they will have a higher rate of interest on the buy to let mortgage and the lender will more than often expect to receive a higher than normal deposit, usually around 25% of the properties value.
Looking for a buy to let mortgage?
If you are looking for a buy to let mortgage then our team at Market Weighton Mortgage & Risk Solutions can help. We will search a comprehensive range of mortgages from across the market when looking for the most suitable Buy to Let mortgages for your needs.
We charge a fee for all our mortgage advice to cover the administration costs involved in working on your behalf to get you the right product. Our fees: range from £99 to £750 depending on the product and complexity required.