BUY TO LET MORTGAGE ADVICE
BUY TO LET MORTGAGE BOURNEMOUTH
Whether you are thinking about purchasing your first buy to let property or thinking about adding to your portfolio, securing the right buy to let mortgage is certainly the right thing to do in order to maximize your potential profit.
WHAT IS A BUY TO LET MORTGAGE?
A buy to let mortgage is a mortgage product specifically for properties which are being let out. They typically require a larger deposit and have a higher interest rates and arrangement fees than normal mortgages. The amount that you can borrow is usually based on the amount you will be able to let your property out for.
You may consider a buy to let mortgage if you are:
- Purchasing a holiday home which you intend to let out in the future
- Buying a house to let for additional income or investment.
- An accidental landlord and have to resort to letting out the property that you haven’t been able to sell.
CHALLENGES THAT YOU MAY COME ACROSS WHEN APPLYING FOR A BUY TO LET MORTGAGE:
Here at Mortgage Squared we have access to a broad range of buy to let products provided by large high street banks as well as smaller banks and building societies and specialist lenders.
We can match your specific financial circumstances with the most suitable deals for you, enabling you to achieve a competitive return from your investment.
Buy to let mortgages can have large fees and higher than average interest rates. A mortgage broker will certainly help you to weigh up the options available to you.
Applying for a mortgage using a broker is quick and easy, we can save you time and stress leaving you free to focus on other aspects of your new investment.
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We are a friendly, helpful team of expert advisors and would love to assist you.