If you are considering
going into the property market and becoming a landlord
then Blake IFP can help you with obtaining the right
product for your situation.
Taking the step into property management is not to
be taken without expert advice but in the first instance
you should consider the following relevant key points.
Once you have identified your new property the best
way to find the right Buy to Let mortgage for your circumstances
is to call Blake IFP and make an appointment with one
of our qualified advisers to discuss your requirements
further.
Points to note:
- The maximum loan that can be achieved is equivalent
to 85% of the value of the property
- In most cases lenders expect to see the rental income
covering the interest only mortgage at 130% (i.e. if
your mortgage repayment is £100 a month, the rental
income must be in excess of £130 per month)
- UK Buy to Let mortgages are generally assessed on the
expected rental income of the property, however in some
cases your salary will be taken into account depending
on the individual lenders requirements
- All types of loans are available for Buy to Let customers
including Interest only, Repayment and Flexible mortgages
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