Want to invest in property? Our advisors can help you as we will source from a suite of lenders and compare products to ensure you have the best mortgage that not only suits your individual circumstances but for your end goal as well. We understand investors need to maximise income and ensure the right product to help grow their investment portfolio. Our advisors will understand your needs whether you are looking for that 1-time investment, or to build a portfolio of properties. Let our experts guide you.

Back in 2008 a lot of people left the buy to let market and a few limped on after the realisation that being a landlord is quite demanding. Between a normal residential property and a rental one you have to get a different type of mortgage to allow you to let it out, the interest rates on a buy to let mortgage are typically higher than a residential mortgage and this means that banks are interested in lending to people but only if they are serious investors who can pay a higher percentage of the property themselves.

An aspect of the buy to let mortgage that can make it slightly easier for the purchaser is that the mortgage is usually interest only which means that you only have to pay for the interest on the property and not the capital loan. At the end of the agreement, the loan capital can be repaid by selling the property and the seller retaining any profits.

The bank will see you as a business partner and will hope that you are fit and healthy by the time the agreement comes to an end. This means that if you are going into the letting business, you need to make sure that you have a viable business plan. A great business plan will determine where and what you buy. You will also be responsible to the local authority as well as the bank, a rental property has to reach the basic levels of safety, hygiene and energy efficiency. It may be worth it to contact your council’s housing department for further advice on your legal requirements before you proceed.

Barrett Mortgages is a professional with offices in Poole, Dorset. Providing mortgages for everyone. Are you fed up with the high-pressure sales tactics of the large corporates, we were founded in 2009 by Darren Barrett during some of the hardest market conditions the industry has seen. The unparalleled, clear, trustworthy, honest and upfront service offered by Barrett Mortgages has meant our business has thrived during these times when clients have needed more individual and specialist help. All of our staff are fully qualified, experienced and chosen based on their keenness to provide the best possible experience for our customers. We promise no pushy sales tactics and have built a strong reputation which is important as we rely heavily on referrals from clients.

We would love to talk to you about your plans for a mortgage, please get in contact with us.

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