Buy To Let

There are now currently many specialist lenders together with the mainstream lenders in this rapidly expanding market.

Buy to Let lenders generally work on the following criteria:-

• Up to 85% Loan to Value lending
• Amount lent is calculated by applying a formula using an anticipated monthly rental (as stated by the valuer) covering the monthly mortgage payment or arbitrarily percentage figure set by the Lender by between 125% and 145%, or by an income calculation.
• Property has to be in good enough condition to be let out on completion.
• Most, but not all Lenders require you to be on a minimum income of £20,000 – £25,000 as well.

Rates are competitive but you should be aware that they will be slightly higher than residential rates.

Buy to let is not regulated by The Financial Conduct Authority.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The Mortgage & Financial Advice Shop Ltd is authorised and regulated by the Financial Conduct Authority, Reference Number 468411.

We charge a fee for mortgage advice ranging from £nil to £495 payable on application (Please see the fee charging structure under Terms of Business). We also will receive commission from the chosen Lender however a fee paying option is available. If you choose this option we will charge 0.5% of the mortgage advance paid on application and then pass to you the fee we recieve from the lender.(This is in addition to our application fee)

The information contained within this site is subject to the U.K. regulatory regime and therefore is appropriate for consumers based in the U.K.

Some of the products / services shown are not or may not be regulated by the Financial Services Authority.

The Mortgage & Financial Advice Shop Ltd is registered in England and Wales under registration number 4359340. The registered office is Marlborough House, 298 Regent Park Road, Finchley, London N3 2SZ.

Buy To Let

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