The Financial Services Authority does not regulate some buy to let mortgages.
However, some potential investors are put off entering the buy to let market due to the popular perception that buy to let mortgages are expensive.
Buy to let - the story today
This popular misconception no longer holds true as lenders today are now offering increasingly competitive rates, which in many cases are generally not significantly higher than those on standard mortgages.
Landlords also have a choice between interest only and repayment mortgages. However, buy to let mortgages do differ in several important ways from standard mortgages.
A major difference is the criteria lenders apply when considering approving a loan. Buy to let mortgage lenders base their decisions on whether or not to approve a loan on the likely rental income from the property and not the applicants' income.
In order to secure finance, rental income generally needs to be at least 130% of the mortgage repayment.
What can we offer you?
As we have access to thousands of mortgages with a huge range of lenders, we can offer a wide range of buy to let mortgages with some special features:
- From as little as 15% deposit required
- First time buyers buy to let products available
- No minimum personal income required
- Buy to let remortgage packages, including fees free
- Generous rental calculations available as low as 100% of the monthly mortgage payment
- Ltd company buy to lets
- Clients with adverse credit can be accepted
- Buy to lets for large portfolios and professional landlord schemes
Whatever your mortgage requirements,
we’re certain we can find the mortgage
for you.
So if you are planning to invest in, move
your mortgage to, or remortgaging an existing
buy to let property, talk to us today on 01455
208888 or email enqs@alphaomega.org.uk.
Some forms of buy to let are NOT regulated by the Financial Services Authority.
