Buy to Let Mortgages in Manchester
If you are thinking about buying an investment property in your own name or a Limited Company for income, or to supplement your pension, accurate mortgage advice regarding buy to let mortgages is vitally important.
Buy to Let Mortgages – What you Need to Know
Arranging a Buy to Let mortgage can be a potential minefield with every lender using a different way of calculating and assessing what they could lend you.
For example, lenders may offer what seems to be a low competitive rate only to charge a large arrangement fee which in most cases will be added to the mortgage. In some cases, however, the lender may stipulate that this fee has to be paid upfront on application.
Conversely, lenders may offer what appears to be a high interest rate yet has no (or only a small) arrangement fee.
We will help you complete the paperwork involved with the application and will keep you fully informed about how your application is progressing
Reasons you might want a Buy to Let Mortgage
To buy an investment property
Supplement your pension
Extra monthly income
Already have mortgage and want to purchase multiple properties
Another benefit
Why use Manchester Mortgages to secure your Buy to Let mortgage ?
Manchester Mortgages have years of experience in arranging Buy to Let mortgages for our clients. We will fully assess your requirements and research the whole market to provide you with a detailed recommendation.
To discuss your personal Buy to Let mortgage requirements please contact us below for an informal free chat or complete our contact form and we’ll call you back.
Testimonials of people we have helped get a Buy to Let Mortgage
FAQ’s about Buy to Let Mortgages
This is dependent upon the Value of the Property and the rent achievable. Most lender require you to have a Minimum income.
All lenders are different and use a stress test based on varying interest rates to calculate the rent required.
If you own more than 4 mortgaged buy to let properties lender will class you as a portfolio landlord and use a different calculation for the rent required.
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