Buy to Let Mortgages
Rent out your property in order to generate an additional stream of income
Buy to let
If you’re considering a buy to let property, we can help you to find the best buy to let mortgage possible.
Some people see their property as an altogether different type of investment; rather than live in it themselves, they’ll rent it out in order to generate an additional stream of income – which is where a buy to let mortgage comes in.
If you’re planning to rent out your property and don’t have the funds to pay for it outright, then you must get a buy to let mortgage – it’s the law. Buy to lets often attract a higher interest rate than mortgages for live-in owners, so you’ll need to take this into consideration when you work out your finances.
What else do I need to consider with a buy to let?
Good question! You’ll also need to take into account that the loan to value rates tend to differ with this type of mortgage – so you’re likely to need a bigger deposit than you would usually expect. Fees can also be higher than with other types of mortgage too.
Additionally, when trying to ascertain whether it’s a viable financial option for you, remember that you’ll have to pay tax on any income that the property generates – although you can offset any expenditure against this when it comes to doing your tax return. We can recommend a reliable accountant to help you with this if required.
It’s also worth doing your homework in regard to the area you’re thinking of buying in. Look at current rental values and speak to a letting agent if you don’t want to manage your property yourself.
Independent Advice on Buy to Lets
As Independent Mortgage Advisors, we can offer a whole market view. You can find out more about how the mortgage consultation process works here and we’re always at the other end of the phone for additional advice or help anytime you need me.
Please give us a call on 01226 693001 or send us an email via the contact page.
Residential Mortgages
Whether you are buying your own home or an investment property, most people need a mortgage to do so. There are so many mortgage loans available that it can be difficult to choose the right one for your circumstances. Your mortgage is likely to be your biggest monthly outgoing and could potentially be with you for a long time. It is important that you get all the information you need before making such a major decision – and that’s where we can help.
Mortgages don’t come in a ‘one size fits all’ package; depending on your situation, there are various mortgages that may be suitable for your needs. Here at Stepping Stones our aim is to assist you in selecting and applying for the best possible mortgage or finance package for your circumstances, while making the whole process as simple as possible.
We understand that our clients have individual requirements and that’s why we get to fully understand your specific needs and personal circumstances before recommending a product to you. Our obligation-free mortgage consultations will enable you to fully understand the options and the best deals available. A free consultation can be organised at a time to suit you, with flexible evening and weekend appointments available.
With our whole market approach, we can assist you to secure the best mortgage deals out there, which can in turn enable you to make both short term and long term savings.
We have over 10 years experience in our industry and during this time we have developed strong relationships with the major high street mortgage lenders and specialist lenders. With such a wealth of experience we fully understand every aspect of our business and how we can help you achieve the best deal out there. Communication with our clients is key and we take the time to explain all the options that you may be eligible to apply for, including how your decision will affect your monthly outgoings.
By providing a client focused, tailor made service, we can assist all types of buyers from first time buyers who are looking to secure their first mortgage to clients who are moving up the housing market.
With an open and transparent pricing system and a friendly manner, we hope that we will have the opportunity to provide you with a first class mortgage broker service for many years. If you are looking for a local mortgage advisor call us today, arrange an appointment or email [email protected]
