Buy To Let Mortgage Advice

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

A buy to let mortgage is designed for those who want to buy property to rent out to a third party. As with a residential mortgage you can choose between fixed, discount, etc mortgage types, however the key difference is working out how much you can borrow. Buy to let mortgage lenders usually base their decisions on the likely rental income from the property instead of the applicant's annual income.

Typically the rental income will need to be at least 125% of the mortgage repayment. The borrower will also need at least a 20% deposit and are normally expected to own their own property.

For most buy to let investors the aim is to produce a rental income and not necessarily to own their property outright. Therefore the majority of buy to let mortgages are set up on an interest-only loan, making the monthly payments lower.

Buy to let advice

Whether you are a first time landlord or manage a large portfolio of properties, YOUR MOVE can help.

We have access to a range of competitive buy to let, bridging finance and commercial lending products. We source from a broad cross section of main stream and specialist lenders to find the most suitable mortgage deal for you.

For more information or to book an appointment contact us today on 0800 056 4508** or book an appointment^

Buy to let remortgage service

Why not book a consultation with one of our experienced financial consultants who will review your existing mortgage arrangements to see whether remortgaging could:

Help you raise finance for additional purchases
Help boost rental yields by reducing mortgage payments

We can also help with specialist types of Buy to Let including First Time Buyers, Student Lets and Houses in Multiple Occupancy. For more information or to book an appointment for mortgage advice, call YOUR MOVE today on 0800 056 4508** or book an appointment.

^ For mortgage advice our initial consultation is free, however we do charge a fee for administering your mortgage application. The precise amount will depend upon your circumstances however we estimate that it will be £399.

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© YOUR MOVE - Your Move is a trading name of your-move.co.uk Limited, registered in England at Newcastle House, Albany Court, Newcastle Business Park, Newcastle upon Tyne NE4 7YB (number 01864469). Your-move.co.uk Limited is an appointed representative of First Complete Limited, which is authorised and regulated by the Financial Services Authority (FRN:435779) for mortgage and non-investment insurance advice. We are members of The Property Ombudsman (TPO), there to protect your interests. We abide by the TPO code of conduct. * Source: Nielsen February 2012. ** Calls may be recorded and/or monitored for training and/or data protection purposes.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

In certain locations you may be referred to a financial advisor from Linear Financial Solutions rather than a YOUR MOVE consultant. Linear Mortgage Network Ltd t/a Linear Financial Solutions is an Appointed Representative of Pink Home Loans. Pink Home Loans is a trading name of Advance Mortgage Funding Limited, which is authorised and regulated by the Financial Services Authority (FRN: 305008) for mortgages and non-investment insurance advice. Registered Office: Ground Floor, Buildmark House, George Cayley Drive, Clifton Moor, York, YO30 4XE. Linear Mortgage Network Limited - Registered No:5198588 . There will be a £75 administration fee payable on application. There may also be a fee for mortgage advice, the charging of such a fee will depend on your circumstances, but we estimate that it will be 1% of the loan amount. (ie: £1000 on a £100,000 mortgage)