Buy to Let

Buy to Let mortgage advisors

We are experts in Buy to Let mortgages, our advisors have a wealth of experience with both individual, Ltd company Buy to Let, portfolio landlords as well as complex incomes. Read on to find out more about Buy to Let mortgages.

Buy to Let Mortgages

What is a Buy to Let?

Its is a property bought specifically to be rented out to tenants, rather than being lived in by the purchaser.

Investors can generate an income both via the rent charged and by making a capital gain when they come the sell the property. To generate this monthly income, the rent charged must be higher than the monthly mortgage repayments. They carry risks like all investments.

  • Rising interest rates
  • Difficult Tenants
  • Unable to sell if market changes

Why us?

We are experts in Buy to Let mortgages, our advisors have a wealth of experience with both individuals, Ltd company Buy to Let, portfolio landlords as well as complex incomes.

Regardless of the complexity of your situation and circumstances we can explore potential financing routes available for your situation. 

Buy-to-let mortgages

If you can’t buy your investment property outright, you’ll need to apply for a mortgage. But this will have to be a specific buy-to-let mortgage. A standard or ‘residential’ loan is only relevant when you also plan to live in the property.

Buy to Let mortgages are different to residential mortgages. One of the main ones is how your affordability is calculated.

Instead of your salary, the lender will view the potential ‘rental income’ of the property as your primary income source. Many lenders will then take your personal income into account as a secondary factor.

The financial leeway factored into rental cover calculations accounts for non-rental payments and ‘void’ periods when the property is without tenants. It reassures the lender you will still be able to meet your mortgage commitment.

A deposit on a buy-to-let mortgage also tends to be bigger than the one required for a standard loan. Most buy-to-let lenders expect a deposit of at least 25% and the very cheapest deals usually require 40% or more.


Speak to an expert

Get in Touch

contact@ptmortgagesltd.co.uk

0800 8620 840

Acorn Barn, Wembdon Business Park, Smeeth
Ashford, Kent, TN25 6SZ

Opening Hours

Monday
9:00 am – 5:00 pm
Tuesday
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Wednesday
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Thursday
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Friday
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Saturday
Closed
Sunday
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