Can I get a buy to let mortgage?
If you're considering investing in a rental property but can't buy outright, you will need to apply for a buy to let mortgage.
Most lenders will advance up to 75% LTV which means you will have to come up with a 25% deposit. Perhaps you already have this as a lump sum or perhaps you are looking to remortgage an existing rental property or your current home. Before taking this step you are recommended to seek independent financial advice to help you work out if investing in property and becoming a landlord is the right investment for you.
If after working out that a rental property is your next move you decide to go ahead, you are advised to contact us at Deal Direct for mortgage advice and a 'whole of market' mortgage search.
Our advisers can help you work out if you are eligible for a mortgage and can find one tailor made for your financial needs.
Currently a broad range of mortgages are available for landlords, rates are low and criteria is relatively relaxed as long as your rent covers 125% of your mortgage payments.
To find out if you are eligible for a buy to let mortgage call us today on 0800 048 8228. We will make a 'whole of market' mortgage comparison to find you a competitive product.
At Deal Direct we can advise you on suitable mortgage products, however we cannot advise you as to the suitability of property as an investment, for that you will need to speak to an independent financial adviser.
Please note that not all buy to let mortgage products are regulated by the FCA.
For mortgage advice and a low rate BTL quote call us on 0800 048 8828.
