Buy to Let Mortgages
With hundreds of buy to let mortgages available, it’s not always easy to work out whether you’re on the ‘right’ deal.
Being a buy to let investor is a great way to invest, whether you are a first time landlord or you are an experienced landlord. Embrace Financial Services have professionally qualified mortgage advisers that can support you through your mortgage options.
There are various different types of buy to let mortgages available and they will search on your behalf to find the best options to suit your needs.
When looking into a buy to let mortgage below are a few points to consider:
- Buy to let mortgage lenders will look at the rental income from the property and the applicant's annual income. Loan-to-value is typically 60% to 85% for buy to let mortgages.
- A buy to let mortgage is likely to be 1% to 2% more than a residential mortgage.
- For a buy to let interest only mortgage, the lender will normally base affordability on the rental income which will generally need to be 125% more than the monthly payments.
- If you are planning to create a lettings portfolio – some lenders will place a cap on the number of properties it will mortgage.
Buy to let calculator
Reasons to choose Embrace Financial Services
Customers would recommend us
First time buyers on property ladder
Mortgage applications submitted
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They have access to 1000s of mortgage deals from 100s of lenders, including well known high street providers. These often include exclusive deals that cannot be accessed by going direct to the lender.
Advisers will conduct secure video or telephone appointments so you can get expert advice from the comfort and safety of your home.
Embrace Financial Services will listen to your needs and circumstances and recommend the best products for you.
They provide excellent communication and will stay in touch every step of the way. All documents can be shared safely and quickly electronically.
Peter lives in Billericay, Essex. Peter enjoys trying out new things in his spare time, including learning to play the guitar and building a rabbit hutch! He has also completed two London Marathons and has a black belt in kickboxing.
Andrew was born and raised in Sewards End and now lives in Saffron Walden with his family. He was educated at R.A. Butler and Saffron Walden County High schools. Andrew is a supporter of all sports but especially cricket and rugby.
Simon was born in Maldon, Essex and was raised in Chelmsford. He was educated at Great Baddow Comprehensive and Sixth Form. He currently lives in Braintree, Essex with his family. Simon is an avid Norwich City supporter
Ghobad was educated at the University of Cardiff. He currently lives in Harlow, Essex with his family. In his spare time, Ghobad enjoys playing football and going for walks.