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Find your local brokerHere at The Mortgage Bureau, we’ve supported property buyers and sellers from all walks of life and at every stage of their ownership journey, and this extends beyond the residential market.
While our work with first time buyers and home movers is a key part of our service, the guidance we provide to buy-to-let investors has proved invaluable. But, as a buy-to-let investor, what could be gained from a little help from an experienced mortgage broker like us? Here’s why it pays to seek independent mortgage advice…
As a buy-to-let applicant, it’s likely that the deal you need isn’t coming from a high street lender. In fact, most of the very best buy-to-let mortgage products aren’t available directly to the public, with specialist and niche lenders the go-to for limited company buy-to-let purchasers, portfolio landlords and those new to the market.
Our mortgage advisors are also specialists in non-standard scenarios, with our experience sourcing finance for HMOs, short term rentals and holiday lets all coming in handy.
While a great buy-to-let mortgage deal is certain to save you money in both the short and long term, there’s so much more than the bottom line to consider when charting your success as an investor.
An experienced broker can help you gain the understanding that’ll enable you to make the most of the opportunity. From smarter structuring for tax efficiency to portfolio-level strategy, they have the insights and knowledge to ensure success, whether your plan is to grow your buy-to-let portfolio or reap the rewards of a single property as an accidental landlord.
Like residential mortgages, securing the best buy-to-let deal depending on the outcome of a stress test. Yet, residential mortgage lenders and buy-to-let specialists want very different things. Buy-to-let lending isn’t driven by income alone as this guidance from Rightmove details:
“Lenders focus heavily on the rental potential of the property. They generally expect the rental income to cover at least 125% of the mortgage repayments, which provides a buffer in case the property is empty for a while. You might be asked for a rental income forecast from an ARLA-registered letting agent… Location is also key. Consider property prices and the typical rental yield in the area. If the numbers don’t add up, you may need a higher deposit, or to look elsewhere.”
By understanding what makes you an appealing candidate for a buy-to-let mortgage, you can better prepare for the purchase, initial application process and subsequent remortgage later down the line.
As a buy-to-let investor, you’ll be used to your fair share of paperwork. Thanks to support from an experienced mortgage broker however, you don’t have to add to this burden.
Our mortgage advisors ensure a hassle-free, smooth and seamless experience. Buy-to-let mortgage applications are extremely detail-heavy and particularly unforgiving. With our support, you can package your case correctly the first time, do less firefighting and enjoy more of what you do best – investing in property!
To find out more about our buy-to-let mortgage support, please contact our advisors today.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. A typical fee is £295. Ask for a personalised illustration. The Mortgage Bureau is a trading name of A.M. Mortgages (UK) Ltd. Authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some aspects of Buy to Let mortgages.