Are you looking for a Buy To Let mortgage for your business?
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.
Reasons to buy a buy to let property?
Monthly Income
The rental income on your investment property can be higher than the mortgage payment. This will generate a monthly income for you.
Capital Growth
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.
Support For Retirement
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.
What is the most suitable mortgage for me?
Todays top buy to lets
Based on a mortgage of £125,000 at 50% Loan to Value
Let’s work out how much can you borrow?
To get a rough estimate of how much you can borrow, you can use our online mortgage affordability calculator. Keep in mind that this is just estimates, and your actual borrowing capacity may vary based on individual lending criteria.
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