Buy to Let Mortgages

First thing to do is to research the market to make sure buying to let is right for you. Talk to people you know who have already invested in  buy to let mortgages  successfully, contact us to talk through the options so you know exactly what your investment entails.

It is essential to choose a promising area, somewhere where people want to live. What location has a special appeal? What rental properties are in demand in the different areas? Is an area already saturated with rental properties? Know your tenant so that you can cater the property to their needs.

Do the math, make sure the rental income you will be getting will pay off the buy to let mortgage. Traditionally, mortgage lenders want rental income to cover 125% of the mortgage but this is now relaxing. Interest rates are reducing for buy to lets.

It is essential to take into consideration what will happen if your property is empty for a couple of months, will you still be able to pay the mortgage? Contact us to have all your questions answered.