At Barrett Mortgages we will source from a suite of lenders and compare products to ensure you have the best buy to let Dorset mortgage that suits your individual circumstances. We understand investors need to maximise their income and we can ensure the right product to help you grow your investment portfolio. Our advisors will understand your needs whether you are looking for that 1-time investment, or to build a portfolio of properties. Our experts can guide you. We are a professional finance broker with offices in Poole, Dorset. Providing mortgages to everyone from a preferred selection of reputable industry leaders. Barrett mortgages were founded by Darren Barrett back in 2009, this was during some of the hardest market conditions the industry has seen. We have unparalleled, clear, trustworthy, honest and upfront service, this 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 push hard sales tactics and have built a strong reputation which is very important to us as we rely heavily on referrals from clients. In 2008 a lot of people left the buy to let market as they found it very demanding to be a landlord. There is still a place for people who want to purchase a property to let out to people. If you can work and think strategically to build up a business you will be just fine.
When you purchase a buy to let property you cannot use a conventional mortgage or insurance. A mortgage for rental property will typically have much higher interest rates than a residential mortgage. One aspect of the buy to let mortgage that makes life easier for the purchaser is the fact that they often interest only. This means that each month the repayment covers just the interest on the payment 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. This is of course that there are profits, a poor purchasing decision can leave you with negative equity.
When you go to the bank they will see you as a business partner, one they hope will be fit, healthy and alive towards the end of the agreement. If you are going into the letting business you will need a viable business plan, this will determine where and what you buy, there is no point in buying a flat for wealthy young professionals in bedsit land or a property aimed at families in a row of student houses.
If you are looking to get into the buy to let business don’t hesitate to get in contact with buy to let Dorset. If you are looking for a different type of mortgage please explore the rest of our website to see what we can do for you. Take a look at our reviews page to see what our customers have said about our service.
