Lakewood Mortgage Solutions can help with buy to let purchase and re-mortgages, for both new and experienced or professional landlords.
Mortgage lenders have developed portfolio landlord mortgages specifically tailored for investors who own more than four buy-to-let properties. A portfolio buy to let mortgages allow these landlords to access a range of products designed for experienced property investors who require specialised borrowing facilities.
We will guide you through the process from initial affordability checks and review of options, through to application until completion.
Portfolio Landlords
Over the past few years, there have been many changes to the buy to let mortgage rates which can make it more difficult to navigate. This can be particularly true if you have four or more mortgaged buy to let properties, and are classed by lenders as a portfolio landlord.
At Lakewood Mortgage Solutions, we understand the market and can review the options available. We will ensure your background portfolio fits a chosen product to save you time to get on with the important things.
Borrowing in Personal or SPV/Limited Company
Purchasing a Buy to Let in a Special Purpose Vehicle (SPV) has become more popular due to potential tax advantages. As a result, a wider array of lenders have stepped forward to offer this option. Our advisers can help you understand the options of buy-to-let mortgages and the differences between the two types of borrowing to ensure you’re setting up your growing portfolio in the best way.
First Time Landlord
We are not just well equipped to assist experienced landlords. If you are thinking of purchasing your first buy to let we will guide you through the whole process. We will explain minimum deposit requirements and maximum potential borrowing. We will then be there every step of the way, from initially finding a property to the mortgage application, through to completion.
Buy to let first time buyers are becoming increasingly common. There’s a growing demand for rental properties and to mortgage let to buy properties is a great way of investing as it can provide steady income and the potential for capital growth.
HMO/MUB Mortgages
HMO stands for a house of multiple occupations.
MUB is a multi-unit block (a number of properties on 1 title, for example commonly a house converted into flats contained on 1 freehold).
Such properties have the potential for higher rental yields but require particular mortgages for lending purposes. Let our mortgage specialists guide you through the options for your buy-to-let purchase or re-mortgage.
A buy-to-let HMO mortgage is a mortgage that is specifically for those who are looking to purchase a property to let out as an HMO. Contact us to give you detailed information about MUB/ HMO buy-to-let mortgages.
Let to Buy a Mortgage
A let to buy mortgage entails converting your current property to a buy-to-let, and potentially raising funds through the mortgage towards a deposit for a new residential home. Our mortgage advisers will review whether this option is available to you and help you achieve this goal.
Not all Buy to Let Mortgages are regulated by the Financial Conduct Authority
Buy To Let Mortgages Tunbridge Wells
A Buy To Let mortgage is for people looking to buy a property and rent it out, rather than live in. A common type of this mortgage is interest only; which means that monthly repayments will just pay off the interest owed on your capital, not what was borrowed originally. Buy to Let Mortgages are becoming more popular in Tunbridge Wells as there is a growing rental market in the area. Contact us for mortgage advice.
We often get asked questions about our best buy to let mortgages, and below we have added answers to some of these.
What is a buy to let mortgage?
A buy to let mortgage is a type of property finance that allows you to borrow money to purchase an investment property. This is suitable for anyone who wants to invest in property and potentially make some extra income from the rental.
Can I pay off a buy to let mortgage early?
Depending on the terms of your mortgage contract, you may be able to pay off some or all of your borrowing early.
Can a family member live in my buy-to-let?
Yes. If you are purchasing a property in the UK, you can let your family members live there under certain circumstances. Specific mortgages are required for these, which our advisers can assist with.
Buy to Let Rental Mortgage
Thinking of buy to let or remortgage to buy another property? Get in touch with our expert mortgage specialists to guide you through.
Contact us on 01892 582 890 or fill in our online form and we’ll be in touch.
Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.
As with all insurance policies, conditions and exclusions will apply.
Not all buy to let mortgages are regulated by the Financial Conduct Authority.