What we can do for you is source a variety of lenders and compare the products to ensure that you have the best buy to let mortgage that suits your individual circumstances. We understand that investors want to maximise on the income and ensure the correct product to help grow your investment portfolio. The buy to let market was very cheap during the years between 1997 and 2008 and a load of ‘get rich quick’ casual landlords purchasing properties in the hope that they wouldn’t have to do much work in return for a continual income. With Buy to let you cannot use a conventional mortgage or insurance, the buy to let mortgage has much higher interest rates than a residential mortgage. This shows that the banks are only interested in lending to people that are serious and who can purchase a higher percentage value of the property. One aspect that will make the buy to let mortgage better is that that they are often interested only, this means that you will only have to repay the interest of the property and not the loan capital. At the end of the agreement, the capital can be repaid by selling the property and the seller can retain any profits.
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