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Buy To Let Mortgages

Buy To Let Mortgages is a mortgage loan secured against a property that is rented / let out to a third party(s) by the applicant (borrower) and is not lived in / occupied by the borrower. It can otherwise be known as an investment mortgage, investment property mortgage or a commercial mortgage.

In calculating the affordability of Buy To Let Mortgages, lenders will make an assessment of the rentability of the property, and assess the expected rental value per month - i.e. how easy they feel it will be to rent the property out, and what the expected / anticipated monthly rental income will be. Different lenders use different rental equations / calculations, but the standard is that the anticipated rental income must equal 125% of the monthly mortgage payment. Some lenders will take the applicants income into consideration also if the rental cover is tight. Although there have occasionally been 90% LTV products available on Buy To Let products, the minimum deposit tends to be 15% - so a maximum LTV of 85%.

We can introduce you to Regulated Mortgage Brokers who will canvass the lending market and produce information for you on those products which are most likely to meet your criteria.
We are proud, through our Mortgage Introductory Service, to be able to introduce you to regulated mortgages brokers who can help you to find the most appropriate buy to let mortgage to meet your individual needs, at no obligation. Simply click below and submit an enquiry.

We believe that regulated service is the best service!

 

 YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

1st Direction Mortgages (UK) provides a Mortgage Introducer Service and is a Trading Style of Hello Finance Ltd.

Hello Finance Ltd is an 'introducer' of clients to regulated Independent Mortgage Advice companies and may receive a introductory fee from the mortgage broker for such a service. The content of this website in 'information' on the services that are offered by our partner advice companies. The content of this website must not be taken or used as 'advice' on the type of mortgage that is most suited to your needs. Hello Finance Ltd hold no responsibility for any advice given by our partner companies.

Please read our Terms Of Business for further information.

Registered Office:
Hello Finance Ltd 7 Fidlas Road Llanishen Cardiff CF14 0LW

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"A fee may be payable to the mortgage broker for their services. The precise amount will depend on your circumstances, but we would estimate that it could be up to 1% of the loan amount. No fees are charged upfront on the initial consultation and the mortgage broker will provide you with a document that will provide details of their fees before you commit yourself. Fees free options may be available and you would need to discuss this with the mortgage broker. All costs in relation to your mortgage will be explained to you fully prior to application. You are under no obligation. Please ask your adviser for further details."