Buy To Let

A buy to let mortgage differs from a standard residential mortgage because the property is purchased with the intention of it being let out. The lender will therefore take into consideration the anticipated rental income from the property when assessing affordability.

When considering a buy to let mortgage application, a lender will typically look for a prospective rental income of 125% of the monthly interest payment of the loan, but may also require the landlord to have a minimum personal income e.g. £25,000 per annum. Lenders criteria are constantly changing and it is useful to speak to one of our mortgage specialists to ensure you are fully informed if considering this specialist area.

Because demand in the rental sector is high, an investment property could be an ideal venture for the right person. However, finding the right buy to let mortgage has recently become more complex.

By contacting Swift Tailored Solutions I can help find the most suitable buy to let mortgage deal.  I can help plan your portfolio by understanding your individual circumstances, both now and in the future…