Buy - To - Let Mortgages

Buy to let mortgages mean just that, when you intend to purchase a property, not as your main residence but to let out to tenants as an investment.  

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Buy to let mortgages differ from residential mortgages and being so will require you to meet different criteria in order to secure a mortgage, examples include:

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  • Higher Deposits: BTL's usually require a minimum of 25% deposit of the property's purchase price

  • Expected rental income will need to be higher than your monthly mortgage payments and usually worked out using a percentage, the standard is usually 125% of your mortgage payments.

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When investing in a BTL you will need to consider that whether or not you have a paying tenant in your property, as the property owner, you will still be liable for your mortgage  payments so its important to make provisions for any void periods that may occur.

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Whether your a newbie investor looking to get on the landlord ladder or an experienced landlord, our team of experts will be able to advice you and provide you with the best possible solution for your circumstance.

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Are Buy - To - Let mortgages the same as residential mortgages?

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No,  A buy to let mortgage is designed specifically for those who are buying a property to rent out. You may find that a BTL has higher interest rates than a standard residential mortgage and a higher deposit of usually 25% is required.

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Im a newbie investor looking to get onto the Buy To Let Ladder, can you help?

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Yes! We are happy to help those that have experience or those who wish to get involved with property investing and have either little or no experience in the area. We will guide you through the BTL mortgage process and make any contact recommendations you may need such as estate agents who could help with the property management , or  even a specialist who can help with a HMO (House of Multiple Occupancy) application 

 

Do i need to use an accountant as a Buy to Let investor?

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We would always recommend seeking advice from an accountant, whether your a new Buy to let investor or already own rental properties. An accountant will be able to advice you on any tax that you may be liable for as a Landlord.

The Financial Conduct Authority does not regulate some forms of Buy-to-Let mortgages.

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“The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.”

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"The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk."

Risinghurst Mortgages is a trading style of Stephanie Silva Mendes who is an Appointed Representative of Ingard Financial Ltd which is authorised and regulated by the Financial Conduct Authority No 450731. 
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

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