Buy To Let A buy-to-let mortgage is a loan for purchasing a residential property that is let to tenants rather than lived in by the borrower. The typical deposit required is likely to be around 25%, although better deals will be available to those who can put down as much as 40% of the purchase […]
Buy To Let
A buy-to-let mortgage is a loan for purchasing a residential property that is let to tenants rather than lived in by the borrower. The typical deposit required is likely to be around 25%, although better deals will be available to those who can put down as much as 40% of the purchase price. Lenders will consider the potential rental income the property will generate when deciding whether to grant the loan.
A Buy-to-Let mortgage will be secured against your property.
The Financial Conduct Authority does not regulate some forms of Buy-to-Let mortgages.
First-time buyers
Buying your first home can be both an exciting and nerve-racking experience. The exciting bit is having your own front door and space to call your own; the nerve-racking part can be finding somewhere you can afford, saving enough for the deposit and getting a mortgage product that’s right for your financial circumstances.
Before you start looking for a property to buy, it makes sense to take advice. We can help you work out how much you’re likely to be able to borrow and give you useful hints and tips that will help you prepare for the mortgage application process. We know what’s happening in the market, so we can help you make your mortgage application to the most appropriate lender when the time is right.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.