BUY TO LET

Services / Mortgage Advisers / Buy To Let Mortgage Advice
Buy to Let Mortgage Advice / Mortgage Advisers

We have many clients who return to us again and again for their small or large let property portfolios, either for purchases to add to their portfolio or to re-mortgage their existing properties to better rates or to raise funds.

We feel it is a good testament to our service that people return again and again. In the buy to let mortgage market each lender has its own restrictions on the number of properties or total amount of buy to let mortgages which can be held and we can help identify the correct lender for your circumstances.

With the changes in stamp duty and taxation for buy to let properties and second homes, the advice of professionals is becoming more and more valuable to help you manage or begin your property portfolio in the most efficient way. Please give Prestige Financial Solutions a call and see what we can do differently.

BUY TO LET MORTGAGES

A Buy To Let Mortgage is a loan for purchasing or refinancing residential property which is let to tenants rather than lived in by the borrower. Classed as a business transaction, rates and fees are typically higher than those you would find with a standard residential mortgage.

HOW THEY WORK

Buy-to-let mortgages are a lot like ordinary mortgages, but with some key differences:

  • The fees tend to be much higher.
  • Interest rates on buy-to-let mortgages are usually higher.
  • The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value (although it can vary between 20-40%).
  • Most BTL mortgages are interest-only. This means you don’t pay anything each month, but at the end of the mortgage term, you repay the original loan in full. BTL mortgages are also available on a repayment basis.

For more details on Buy To Let Mortgages, or for more information / enquiries on Mortgage Advice, please contact Prestige Financial Solutions

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