Buy to Let
An investment mortgage, designed for the individual wishing to invest long term.
What is required to get a Buy To Let mortgage?
Dependant on the lender, the requirement is between 20 & 30% deposit
Some lenders require a set level of income for you to qualify for a mortgage.
The lender requires that the property itself (not just you as the investor) is a good risk for them, both in terms of the rental the property can produce, and in terms of the condition of the building itself.
At the Mortgage Specialist we facilitate mortgages for both Individuals & Limited Companies
Let to Buy
This is when the individual leaves their present residential property behind as the investment, and moves on to a new residential property.
Less lenders entertain this type of mortgage so access to the whole UK market becomes absolutely essential, even with regard to the residential mortgage on your new home, as many residential lenders now have objections to the idea of Let to Buy.
Buy to Let Mortgages are not regulated by the Financial Conduct Authority