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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 experience 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.
  • Your rental income will ideally need to be around 125% of the monthly mortgage payments.
  • 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.

 

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Embrace Financial Services usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.

Buy to let mortgage enquiry form

Please complete this form and an Embrace Financial Services adviser will be in contact as soon as possible to arrange a suitable time for your appointment.

We will use your information in order to arrange for Embrace Financial Services to respond to your enquiry. If you would like to know more about how we use your information, please read our Privacy Notice.

Buy to let calculator

Use the buy to let mortgage calculator to see what level of rent may be required from your buy to let property.

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