Buy-to-Lets & Portfolio Landlords
Whether you’re looking to enter the buy-to-let market or already have a portfolio of properties, our expert advisers can offer impartial advice and support to landlords of all portfolio sizes.
Buy-to-let mortgages are used to buy property, which is then let out for a monthly rental charge used to cover the mortgage.
Mortgage providers view buy-to-let mortgages as riskier than standard mortgages due to potential issues with occupancy and rent collection. Because of this, you’ll need to pay a bigger deposit, with a higher rate of interest. There are also a range of rules and regulations that will need to be considered.
Getting a buy-to-let mortgage is slightly harder than applying for a residential mortgage. You must:
- Already own a home, either outright or with an existing mortgage
- Fit the age criteria – usually lenders set an upper age limit of either 70 or 75. This refers to the age that you will be at the age of the mortgage term.
Becoming a buy-to-let landlord can be profitable. However, there are additional fees that you’ll need to factor in, such as:
- Rent insurance
- Landlord insurance
- Letting agents’ fees
- Contingency for when the property is unoccupied, repair bills etc.
Not the right service for you?
We hold your hand every step of the way
Your trusted adviser will work with you to help you choose the best options for you
Our expert case managers are on hand to complete all of the paperwork and make sure everything is on track
We’re with you throughout your journey – all the way up until the keys are in your hands or the investment is financed!