Buy to Let Mortgages - A Bit Wicked
Buy-to-let can be a bit wicked. But only if you get the right buy-to-let mortgage. But first, let’s look at why buy-to-let is a Good Thing. Buy-to-let is top banana because you invest in a property without having to do anything nasty like pay the mortgage. Your tenants do that. Or most of it, anyway. While you sit back with a light beer and a heavy crossword. When you’ve had enough of it all, you cash in your investment, hopefully at a healthy profit.
But, wait. Is it all good news? Don’t you need to sell the family silver plus a couple of small children to come up with the deposit? Well, no, because the right buy-to-let mortgage lender can be a bit creative. And we’ll find him or her for you, using our Special Powers. We can then make arrangements with lenders that enable you to fund property based on valuation rather than purchase price.
We do this on an unlimited number of properties (so you can be like footballer Robbie Fowler, who’s forgotten how many he owns). Even better, we can even give you temporary funding to cover your 15% deposit. When you complete, just repay this from your remortgage proceeds.
Something else you might have noticed is that buy-to-let mortgage rates are a bit higher than normal ones. So, you might think you’d be a bit silly to buy one. Well, no. You see, buy-to-let mortgage lenders reckon renting your house out is a bit risky. So they need a bit of security. And a hug, sometimes. Don’t we all?
Anyway, if you find the whole buy-to-let mortgage thing just a little bit scary, you’re not alone. So, why not call us for some free advice? We love a good old natter about anything really, and mortgages are our specialist subject.