Buy To Let Finance
Buy-To-Let (BTL) Finance Is A Mortgage Used By Investors Looking To Buy A Residential Property Which Is To Be Let To Tenants.
Mortgage Payments Are Covered By The Rent Generated By The Tenant Within The Security. Amateur And Professional Investors Alike Are Investing In BTL Property.
It Can Provide An Alternative To A Pension For Some Investors, While Others Use It As Part Of A Business Plan And Build Up A Large Property Portfolio.
A HMO Mortgage is a conventional buy to let mortgage taken over a security that has multiple tenants. It is referred to as a House of Multiple Occupancy i.e. shared bathing and kitchen facilities. A Holiday Let mortgage is a conventional buy to let mortgage on a security that has long-term tenancy restrictions.
A portfolio mortgage straddles the border between buy to let lending and commercial mortgages as a loan over multiple properties. In a buy to let form this will take individual loan charges against each property whereas in commercial form a single loan facility can stretch over multiple properties. The former tends to be interest only, the latter amortizing.
Unlike residential mortgages which are calculated on the basis of your salary, Buy to let Mortgages are based on the revenue your property will generate. The two main forms of buy to let products are:
- Interest only products
- Capital and interest repayment products
The property market is highly competitive, and it is important to have expert help. We can also advise you on the most tax efficient way to set up your BTL, it is usually more tax efficient to operate your portfolio as a limited company rather than owning the property personally. We have access to the full range of Buy to let Mortgage deals to ensure that you achieve the financial solutions you need. Contact us now to discuss how we can help you access the funding you need.