the mortgage practice

BUY TO LET

Whether you are an experienced landlord or interested in purchasing your first investment property, The Mortgage Practice can you provide you with all the information you need about Buy to Let mortgages

Buy to Let mortgages have become very popular in recent years with many lenders now offering tailor-made packages for this market with deposits from 25%. Rental income will be considered by the lenders although the income required will in many cases need to be higher than your monthly repayments.

There is no guarantee that it will be possible to arrange continuous letting of the property, nor that the rental income will be sufficient to meet the cost of the mortgage.

Not all buy to let mortgages are regulated by the Financial Services Authority.

Your property may be repossessed if you do not keep up repayments on your mortgage.

All initial consultations are free of charge. If, however, a mortgage is arranged we may charge a fee of up to 1% of the loan amount. Depending on your circumstances this fee may be waived. A typical fee is £295.