From Small Acorns Come Mighty Oaks
With state pension projections dwindling, investing in bricks and mortar may provide a longer term solution for your retirement. Alternatively, the savvy parent might purchase a multi-let property student share house providing an income and housing solution whilst their child is at university.
There are lots of reasons why our customers go down the buy to let route, and with increasing regulation, tightening criteria and changes in taxation on landlords it makes sense to get professional advice on Buy to let mortgages. Whether you are buying your first Buy to Let Property, or need advice in how to expand your Buy to let property portfolio, we will take the time to help you build your business plan and with access to over 50 lenders on the market we will find a suitable mortgage for you and the property.
The Accidental Landlord
With increasing regulation on investment property ownership, a new category of buy to let mortgages has emerged. These are called ‘Consumer Buy to lets’. In simple terms, this is when you or a close family member has lived or is going to live in the property you intend to let. The accidental landlord is the perfect example of a Consumer buy to let. Rather than selling your home, this situation arises when you let out the property you are currently living in. Maybe it’s the wrong time to sell, or you see this as the perfect way to invest in your future. However specialist mortgage advice is needed. Careful consideration needs to be taken on the potential rental income. Not only does this influence the amount you can borrow on a buy to let basis, but also has greater personal taxation consequences than ever before. Our expert buy to let mortgage advisors will help you find the right buy to let mortgage for your circumstances.
Specialist Mortgage Advice From Our Experts
Fewer High Street banks offer buy to let mortgages direct to customers than ever before. Instead many lenders rely on the mortgage broker to plug this gap. Our buy to let mortgage specialists will help you identify the right property to invest in according to the potential rental income required. Allow us to take care of this important project. At Mortgage Advice Centre, our experts will guide you through the entire process of buying your buy to let property. We can even put you in touch with solicitors that can carry out conveyancing on a ‘no completion, no fee basis’. Contact us today for professional mortgage advice for landlords.
The conveyancing service promoted here is not part of the Openwork offering and is offered in our own right. Openwork Limited accept no responsibility for this aspect of our business. Conveyancing is not regulated by the Financial Conduct Authority
The Financial Conduct Authority does not regulate some forms of Buy to Let mortgages
*There is no guarantee that it will be possible to arrange continuous letting of your property, nor that rental income will be sufficient to meet the cost of the mortgage