The INFORMED Overview

Buy to let mortgages are arranged based on the rental income of the residential property. Lenders use different criteria and interest rates vary a lot. With extensive local knowledge Informed has the experience and know how to help you in the ‘buy to let’ market.

BUY TO LET MORTGAGES – The key pointers

  • Many lenders with different criteria and interest rates
  • Conditions on age and suitability of property
  • Repayments based on more that rental income

Many Buy to Let Lenders

There are may lenders for Buy to let Mortgages all of which have different criteria for borrowing and varying charges and interest rates.

The key criteria

A minimum income over and above the rental income for the proposed property.
There are age limits of starting at 25 years and not exceeding 75 years at the end of the mortgage.
There is a higher deposit of at least 25% rising to 35% or greater for new property
Sometimes there is a limit to the number of buy to let mortgages you can have
Repayments should be at least equal to 125% of the rental income
There other criteria in terms of suitably for rent and whether you already have a personal mortgage.

The need for expertise

All of which means the need for a well informed and up to date understanding of what lenders are offering ad what criteria they stipulate are essential if you want a buy to let mortgage.
At INFORMED we can offer a full service with working relationships with local solicitors, surveyors and estate agents.

An effective way of diversifying your investment portfolio buy investing in residential buy to let property.
Of course our first meeting leaves you with no obligation or cost. We look forward to helping you to become informed.

Make your first step towards getting in touch

Simply call 01628 638822 or just use the reply email.

  • ‘Informed made the whole process easy and we are enjoying our new home’