Buy To Let Mortgages
Buy-to-let mortgages are designed for those purchasing a property as an investment. If your plan is to rent out the property instead of living in it, this is the type of mortgage you'll need. Whether you're a first-time buyer or expanding your property investment portfolio, we will compare deals from multiple lenders to help you find the mortgage that suits your requirements.
Buy-to-Let Mortgages with Expert Guidance
Investing in property through a buy-to-let (BTL) mortgage has become a popular strategy for generating income and building wealth in the UK. Whether you’re a seasoned investor or exploring your first property investment, our team of dedicated advisers—many of whom are landlords themselves—are highly experienced in the Buy-to-Let space.
Understanding Buy-to-Let Mortgages
A buy-to-let mortgage is a loan tailored for individuals aiming to purchase property as an investment rather than a residence. Unlike standard residential mortgages, BTL mortgages are evaluated based on the potential rental income the property can generate, not just the borrower’s personal income
Deposit Requirements
The deposit for a BTL mortgage is typically higher than that for a residential mortgage. Investors should plan to provide a deposit of at least 20-25% of the property’s value.
Stamp Duty
When purchasing a buy-to-let property in the UK, Stamp Duty Land Tax (SDLT) is applicable on properties above a certain value. Additionally, for extra properties, there is an additional 3% surcharge on top of the standard rates. The exact amount depends on the property’s purchase price and current tax bands, details of which can be found on the UK government’s website.
Investing in a buy-to-let property can be a lucrative venture if approached wisely. Understanding the financial and regulatory landscape is crucial for making informed decisions. Conducting due diligence, performing market research, and seeking professional advice are essential steps in navigating the complexities of BTL investments successfully.
Get in Touch with Our Experts
Are you looking for more advice or ready to start your Buy-to-Let mortgage application? Our friendly mortgage advisers are here to help. Reach out to us today for a consultation, and let us guide you through every step of the process.
