BUY-TO-LET MORTGAGE
MAXIMISE YOUR RETURN
Make sure your property investments are delivering the best possible returns by taking advantage of the huge range of deals currently available. Manley Financial will advise you on your options to make things as simple as possible, find and arrange the right mortgage for you.
In this fast moving market we recognise that efficiency and professionalism are important to our clients and we will manage the process from application to mortgage offer making sure you are kept fully informed along the way.
UNDERSTANDING YOUR NEEDS
We will be delighted to talk to you, whether you are starting out as a new landlord or you have a portfolio of existing properties. As an existing Landlord, we will take the time to understand the structure of your existing property investments and the associated mortgage arrangements.
We will use our wealth of experience to make recommendations regarding upcoming product end dates and where more competitive finance can be secured. We will also keep you informed of major changes in the market so that you can adapt your strategy where necessary.
DIFFERENCES FROM TRADITIONAL MORTGAGE
Arranging a buy-to-let (BTL) mortgage is similar in many ways to any other mortgage arrangement. The one key difference is the fact you plan to rent the property out; making it an investment. With BTL, the terms, conditions and costs vary differently from a residential mortgage. Some mortgage providers have strict lending criteria and will have an “upper age” limit and salary amount that needs to be earned before you are considered.
The lender will also consider; your age, income, type of property you are buying, how many existing BTL mortgages you have in place, credit score, property’s rental potential - where the rental income covers at least 125% of the monthly interest payment and your deposit.
BUILDING YOUR PORTFOLIO
If you already own 4 or more properties, or have the ambition to build your portfolio, there are now additional regulatory requirements for lenders to factor in to their assessments. We have many clients who are classed as ‘portfolio landlords' and we have expertise in helping clients refinance and build their property portfolios, with strong relationships with all the key lenders in this market.
Our knowledge of the mortgage rules and the lenders who offer buy-to-let interest only or repayment mortgages will save you time. We will discuss your objectives and expectations around your annual rental income and then we will search all products on the market for you and make a recommendation. We are there to help and advise and most of all to save you time
Please note: Most Buy-to-Let mortgages are not regulated by the Financial Conduct Authority
There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £195 but may range from £0 to £495.
You will not receive a refund if your mortgage or loan does not go ahead but the fee paid will cover a second mortgage application if applied for within 6 months of the initial application.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Most Buy-to-Let mortgages are not regulated by the Financial Conduct Authority.