Being a buy to let investor is a great way to invest, whether you are a first time landlord or you are an experience landlord. Embrace Financial Services have professionally qualified mortgage advisers that can support you through your mortgage options.
There are various different types of buy to let mortgages available and they will search on your behalf to find the best options to suit your needs.
When looking into a buy to let mortgage below are a few points to consider:
Buy to let mortgage lenders will look at the rental income from the property and the applicant's annual income. Loan-to-value is typically 60% to 85% for buy to let mortgages.
A buy to let mortgage is likely to be 1% to 2% more than a residential mortgage.
For a buy to let interest only mortgage, the lender will normally base affordability on the rental income which will generally need to be 125% more than the monthly payments.
If you are planning to create a lettings portfolio – some lenders will place a cap on the number of properties it will mortgage.
If you would like to see if Embrace Financial Services can get you the best deal on your mortgage, call them on 01392 453594 or book an appointment to request a callback.
Reasons to choose Embrace Financial Services
They have access to 1000s of mortgage deals from 100s of lenders, including well known high street providers. These often include exclusive deals that cannot be accessed by going direct to the lender.
Advisers will conduct secure video or telephone appointments so you can get expert advice from the comfort and safety of your home.
Embrace Financial Services will listen to your needs and circumstances and recommend the best products for you.
They provide excellent communication and will stay in touch every step of the way. All documents can be shared safely and quickly electronically.