Buy To Let mortgages are a special type of mortgage, designed to help buy property to rent out. These mortgages differ from your standard mortgage, for instance the amount you can borrow is widely based on how much the property will rent out for, as opposed to depending on your annual income. Buy To Let mortgages can be ideal for those who are looking to invest in property and benefit from any excess monthly rental income along with the potential increased value of that property over time.
Some Buy to Let mortgages are not regulated by the Financial Conduct Authority. Tax treatment varies according to individual circumstances and is subject to change.
If you are considering investing in buy-to-let property, you need to consider if you should buy the property in your personal name or set up a limited company. As a mortgage broker, we understand the complexities of buy-to-let mortgages and the benefits of using a Limited Company. We can explain the many factors you need to consider when making your decision, and help you find the mortgage that best meets your needs.
Call us or complete the online mortgage enquiry and one of our specialist advisors will contact you to discuss which option best suits your personal circumstances to maximise your investment.
The rental income on your investment property can be higher than the mortgage payment. This will generate a monthly income for you.
The property may increase in value over time. This will mean that should you sell the property at a later stage, not only will you get back your original investment but there would be an additional lump sum to look forward to. Be advised property prices can also go down.
Some customers purchase the property with a plan of using the property to boost income come retirement. This can include using the additional rental income to pay off some or all of the mortgage loan amount, then by retirement age, the rental income isn’t having to pay the mortgage (which may have been repaid by this stage) so can be used to supplement your retirement income.
