Whether you are a first-time landlord or an experienced property investor we have specialist Top Rated Advisers that can help you maximise the yield on your property portfolio.
FAQs
How much can I borrow?
Lender’s link this to the rental income of the property and depends on the type of property, your tax rate and the mortgage product. The greater your rental income the greater your mortgage borrowing potential.
Which mortgage is right for me?
This will depend on whether you are buying for long term property growth or to maximise your income. Our BTL Top Rated Adviser’s will show you.
Can I capital raise remortgage on my BTL property?
Yes, however it will be subject to affordability checks (rental income) and you must have the available equity in the property. There are lenders that can provide the funds prior to finding the new property.
Can I rent out a property with a residential mortgage?
Unfortunately, not. You will need a BTL mortgage if you intend to let the property however, if you are fixed into your mortgage and wish to let it out you can request a ‘Consent to Let’ from your mortgage provider and they may grant you permission to let the property with your residential mortgage until your next remortgage. The lower your LTV is the more likely a lender is to agree this.
How much deposit do I need for a BTL property?
Although you only need a 20% deposit, we recommend that you have a minimum of 25% deposit as interest rates will improve significantly by simply increasing your deposit by 5%.
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