Buy To Let
A buy to let mortgage differs from a standard residential mortgage because the property is purchased with the intention of it being let out. The lender will therefore take into consideration the anticipated rental income from the property when assessing affordability.
When considering a buy to let mortgage application, a lender will typically look for a prospective rental income of 125% of the monthly interest payment of the loan, but may also require the landlord to have a minimum personal income e.g. £25,000 per annum. Lenders criteria are constantly changing and it is useful to speak to one of our mortgage specialists to ensure you are fully informed if considering this specialist area.
Because demand in the rental sector is high, an investment property could be an ideal venture for the right person. However, finding the right buy to let mortgage has recently become more complex.
By contacting Swift Tailored Solutions we can help find the most suitable buy to let mortgage deal. We can help plan your portfolio by understanding your individual circumstances, both now and in the future…
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Most buy to let mortgages are not regulated by the Financial Services Authority.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
We differentiate ourselves from our competitors by offering a fully transparent and complete service to all our clients. This is achieved in several ways.
Our business is built on trusted, long-term relationships with our clients and referrals from our many happy customers. Here’s what they have to say.
We will meet you on a face to face, no obligation basis and obtain a thorough understanding of your circumstances and needs.
We will provide you with a full and transparent breakdown of our services so you can decide if you want to conduct business with us.
You will have a single point of contact to guide you through the mortgage application process from initial enquiry to completion.
We will liaise with other associated parties (i.e. conveyancers, estate agents etc) providing you with timely updates, removing unnecessary hassles at this stressful time.
Once the mortgage has completed we will conduct regular reviews with you to see if there have been any changes in your circumstances which may require our assistance.
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Swift Tailored Solutions is a trading name of Swift Tailored Solutions Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.
Swift Tailored Solutions Limited. Registered Office 6 Cowrakes Close, Whiston, Rotherham, South Yorkshire S60 4EH. Registered in England Number: 6742307
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