Home Buy-to-Let Buy to Let Mortgages

08000 38 37 36

• Buy-to-Let mortgages
• How much can I borrow?
• Rent calculator
• Best mortgage deals
• How we can help
• Factors to consider
• Additional letting costs
• Letting process
• Tax implications
• Dos and Don'ts
• Contact us

Buy to Let Mortgages

A buy-to-let mortgage (also known as an investment mortgage) is designed for borrowers who want to let their property out to a third party (i.e. tenants).

More and more people are investing in property as a long-term opportunity to make profitable returns, and as a way of securing finance for their retirement.

There are now plenty of competitive buy to let mortgage deals around that are specifically aimed at the buy-to-let market, ranging from special offer buy to let mortgage deals to fixed and variable rate options.

In addition, mortgage lenders will often assess buy-to-let mortgages on the earning potential of the property (i.e. the rental income) as well as normal income.

Buy to let mortgage tools for landlords:

How much can I borrow for a buy to let mortgage?

What is the minimum rent I can charge?

Best Buy to Let mortgage deals and rates

---

Are you ready for a Buy-to-Let mortgage?

When you take out a buy-to-let mortgage, you will be expected to meet certain criteria:

• You will be required to put down a deposit and this will be typically larger than for a standard residential mortgage - it will likely be 15-25% of the property's value.
• Your expected rental income must exceed your mortgage repayments by a certain percentage - for example, your lender may require a rental income of 130% of your monthly mortgage payments.
• Your lender will also want to establish whether the property you are buying is a good long-term investment.

Call 08000 38 37 36 for more information about buy-to-let mortgages.

© alexander hall 2008 | Important Legal Information | Sitemap | 08000 38 37 36

alexander hall associates limited is authorised and regulated by the Financial Services Authority for pure protection, residential mortgages and general insurance business. We do not charge a fee for residential mortgage advice; however there is an administration fee for processing each of your standard residential mortgage contracts. The typical administration fee is £499. For impaired credit lending the typical fee is 1% of the mortgage loan. For Buy to Let and Commercial Mortgages a fee of 0.5% of the mortgage loan size applies of which £500 is payable on application with the balance payable on completion.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.