Buy To Let Mortgages
Buy To Let Mortgages Available Now
Buy to Let mortgages – from Exclusive Financial – we have always specialised in offering advice on Buy To Let mortgages. People often look to purchase additional properties as an investment or to supplement future pension requirements.
We can source a wide range of buy-to-let mortgages from across the market, designed to meet the needs of most buy-to-let investors.
Buy to Let mortgages are offered on different terms to residential mortgages. Lending on Buy to lets is generally related to the rent that is expected from the property, and is generally arranged on interest-only basis to maximise monthly profit.
Buy to Let is typically a long term investment that you hope will generate rental income along the way and a profit when you sell the property, but bear in mind that if you need access to some cash a property can take time to sell or re-mortgage.
If house prices fall, you might not be able to sell for as much as you had hoped. You would have to make up the difference if the property sold for less than you owe – a risk that increases, the higher the percentage you borrow. If you sell for a profit, you may have to pay capital gains tax.
Don’t forget that with a variable rate mortgage, your costs will rise if interest rates go up. This would eat into, or even wipe out, your income and profit.
- A mortgage is a loan secured against your home or property. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
- You may have to pay an early repayment charge to your existing lender if you remortgage.
Buy To Let Mortgages Greenwich and Surrounding Areas
Please note we will ONLY advise on the most suitable buy to let mortgage, we cannot give advice on what might constitute a suitable investment property, nor can we give tax or investment advice, you would need to consult your tax advisor or financial adviser on those matters
Buy To Let Mortgage Help
Please contact us about buy to let mortgage advice. We can help advise you on how the rental income would affect the amount lenders will lend.
Most forms of Buy to Let mortgage are not regulated by the Financial Conduct Authority.
Please be aware that from 6 April 2016 higher rates of Stamp Duty Land Tax are applied to the purchase of additional residential and non-residential properties. For further information visit the Government website.
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