Make an Enquiry
Buy to Let Mortgages
Buy to let mortgages can help you make a success of your investment, whether you’re a first-time buyer or looking to build up a property investment portfolio.
It’s a good idea to talk to a buy to let mortgage adviser in Chelmsford like Dan The Mortgage Man before you take out a buy-to-let mortgage as we can help you choose the most suitable deal for you.
What is a buy-to-let mortgage?
A buy to let mortgage is a loan secured against a property that has been bought to rent out for a profit. It can sometimes be referred to as a ‘landlord mortgage’ and will allow you to let your property to tenants, students or as a holiday home.
You can get a buy-to-let mortgage under the following circumstances:
- You are interested in investing houses or flats.
- You can afford to take on and understand the risks of investing in property.
- You already own your own home.
- You have a good credit record with little to no expensive commitments.
How do buy-to-let mortgages work?
Buy to let mortgages are like ordinary mortgages, but with a few key differences, including higher interest rates, higher fees, not regulated by the Financial Conduct Authority and a minimum deposit of 25%.
The majority of buy-to-let mortgages are usually offered on an interest-only basis, which means that you will pay the amount borrowed back in a lump sum at the end of the term. This helps you to maximise your return on a monthly basis.
The maximum you will be able to borrow is linked to the amount of rental income you can expect to receive. Dan The Mortgage Man can discuss with you how this works.
Buy to let mortgage adviser Essex
Mortgage advisers are able to explore and have full access to the whole of the market, and will provide non-bias advice.
Dan The Mortgage Man will remain impartial at all times, using his expertise to recommend the ideal mortgage for each individual financial situation. We work with big banks and specialist lenders to hunt down the best buy to let mortgages on the market.
Contact us today
We will use our extensive knowledge, expertise and impartial-advice to provide you with the best possible buy to let mortgage deal on the market.
To find out more and to discuss your buy to let mortgages Essex options, please call us on 07715 417 602 or email info@DanTheMortgageMan.co.uk.