Buy to Let Mortgage Advice

Buy to let mortgages are not regulated by the Financial Conduct Authority.

Your home may be repossessed if you do not keep up repayments on your mortgage.

There are very attractive yields to be had when investing in property via a buy to let mortgage, but investing in a property should not be seen as an easy way to make money. This sector of the market is becoming increasingly more complex, but with the right advice, knowledge and attitude it can be very profitable.

Whether you are looking to buy your first rental property or want to expand an existing portfolio, getting the right mortgage products and financial advice can mean the difference between successfully expanding your portfolio and maximising your profit, or experiencing void periods and being unable to offset the management and maintenance costs of the property.

With the buy to let mortgage sector being the fastest growing part of the UK mortgage market, it’s essential you choose a mortgage advisor who is not tied to any particular bank or building society, but can access all available products in order find exactly the right mortgage product for your own unique circumstances. At Derngate Wealth, we have access to products that are unavailable to individuals.

As well as buy to let mortgages, we can help you with protection insurance and advise you on how to successfully and profitably manage your rental property.

If you are already a landlord, or would like to find out if property investment is for you, contact Derngate Wealth in Northampton today.

What you need to know about buy to let mortgages

When applying for a buy to let mortgage it’s important that you understand the following:

  • Interest rates on a buy to let mortgage tend to be higher than for a residential mortgage.
  • Need landlord insurance? Give us a call.
  • You will typically need a larger deposit; usually 20% to 25% of the property’s value.
  • You will be offered a mortgage based on the rent potential of your property, i.e. how much rent you will earn from the property.
  • Additional costs to consider include maintenance costs, letting agent's fees, management service fees, ground rent, service charges, insurance, furnishings, gas and electrical appliances and decorating costs in between tenancies.

At Derngate Wealth, we can help you to decide what your key aim of becoming a landlord is. Is it to create another income stream? Or perhaps you are looking to make a profit through increased equity as it increases in value over time. This, along with other key factors, will determine the type of property you buy, and in which location. That’s why it’s important you talk to letting agents and find out what is in demand, and the rental value of the different types of properties available.

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Quick Buy to Let Mortgage Enquiry