Firstly, we recommend to sit down and run through your finances. The objective of this is to compare the cost you’d pay for the property, against the likely rent you can collect from tenants. This will help you identify firstly if the investment is likely to be profitable, and over how many years. This is useful to take into account when looking at obtaining a buy-to-let mortgage.
A mortgage adviser could talk you through this so you have a clear idea of whether you can comfortably afford the mortgage on your own. When you’re ready to apply for your buy-to-let mortgage, we will be able to arrange an appointment that can help to fit around you. We are flexible and can offer face-to-face, online or over the phone.
We are ready to share our knowledge and experience to help to find you the most suitable deals for your circumstances. We know that no two mortgages are the same, and we’ll aim to listen to your needs and recommend the most appropriate products.
Searching the market
Searching the entire market yourself can be time-consuming. We can search thousands of mortgages and have regular contact with a wide range of lenders. With our help, you won’t necessarily need to search or contact each individual lender to compare mortgage terms and rates. We will aim to do all of this for you.
We’ll explain the process in order to support you make a start in your buy-to-let journey. We will go through details of the different fees involved, what they are for, and take them into account when finding the right mortgage deal for you. We are also passionate about protecting your buy-to-let property, so our advisers will recommend a range of protection policies available to suit your circumstances.
We have a duty of care for you too, and we are keen to point out that your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice.
We have made reference to investments in this guide, however please note that we do not provide legal / tax advice. Please ensure to seek independent tax / legal advice if this is required.