If you are looking to get a buy to let mortgage there are a few things you should know about it before you decide to invest. The first thing you should know is that you cannot use a conventional mortgage or insurance to buy a buy to let property, the interest rate will also be higher than a residential mortgage. This shows that banks are interested in lending to serious investors who can pay a higher percentage of the value of the property themselves. One good thing about the buy to let mortgages that will make life easier for the purchaser is that they are often interested only and this means that you don’t pay any value of the property back to the lender you only pay them the interest on the property and to pay back the capital loan at the end of the agreement you simply sell the property and the purchaser can keep any profits made. But a poor purchasing decision could leave you with negative equity or you might find that markets can slump as well as boom.
So if you are still interested in a but to let mortgage our advisors can help you find market-leading offers with some of the lowest rates in history. They can also help you find fee-free products so that the lender pays all of the fees included when getting a buy to let property. We will source and compare the best products available to you that fit your individual circumstances. We understand that investors need to maximise on income and ensure the right product to help you grow your investment portfolio.
If you are interested in our buy to let mortgages in Dorset services please get in contact with us.