Buy to Let Mortgages

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What Are Buy to Let Mortgages?

Buy to let mortgages work in a very different manner to typical residential mortgages. Whilst with residential mortgages the driving factor in how much you are able to borrow is what can be evidenced in terms of your income. With buy to let mortgages UK, however, the driving factor would be the rental income that the property would be able to generate. As a result, you will find that buy to let mortgages will vary from property to property and it is critical to speak with a buy to let mortgage adviser to look at bespoke options for both purchases as well as remortgages.

This being said, a number of buy to let mortgage brokers in the mortgage market can also look at additional disposable income in order to top up any ‘shortfall’ when lenders are carrying out their rental income calculations, which may be able to increase the amount that you are able to borrow.

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How Can We Help?

With changing tax implications for those who own rental properties in personal names, the limited company buy to let mortgage market has seen a large growth in recent years. There are many buy to let mortgage brokers that are able to assist with limited company buy to let mortgages. Weystone Financial would always recommend speaking with an accountant in order to identify whether or not it is the best route for you to own a property in a personal or limited company name. Whichever your preference, our team of expert buy to let mortgage advisors will be here to walk you through the process and ensure you obtain the very best product in order to maximise your investments.

Switching to a buy to let mortgage? Get in touch with Weystone financial for more buy to let mortgage advice.