Would you like further information on buy-to-let mortgages?
Many lenders offer tailor made packages for this market. Generally, rates for buy to let mortgages are higher than for residential mortgages and there are normally arrangement fees to pay.
You will normally require a deposit of at least 20% and the loan amount is usually determined by the amount of rental income that you expect to achieve. Lenders have different ways of calculating the amount of rent you need to achieve but as a general rule the amount of rent will have to be higher than the monthly mortgage payment. If you have any queries, get in touch with us today.
The Financial Conduct Authority does not regulate some forms of buy to let.
Your property may be repossessed if you do not keep up repayments on your mortgage.
A wide range of insurance options
At Mortgage Mission we are able to arrange landlords and buildings and contents insurance for you. We can also review your other protection requirements to ensure that you get the most appropriate deal.
Discuss your requirements with us today
If you live in Nottingham, Derby or Burton-on-Trent, we are able to offer home visits. Alternatively, we can arrange your mortgage by telephone if you prefer. Don’t forget you don’t have to live in Nottingham, Derby or Burton-on-Trent to benefit from this service. From just one phone call, we can review all of the relevant info for you to ensure you get the best deal. The advice and guidance contained within this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.