Buy to Let Mortgage Broker
Buy to Let Mortgage Broker
"I don't need to use a buy to let broker for a mortgage, my bank are happy to lend me what I need"
A very common opinion, but is it true? Yes, your bank or other lender may be falling over themselves to lend you money for your buy to let purchase, but are they helping you to get the best from your investment?
The Buy to Let Mortgage Centre are one of the uk's largest buy to let mortgage brokers, we consider all lenders in this specialist market. Why? Because they all have different benefits AND different disadvantages. These lenders will also review criteria and products regularly.the most suitable lender for a particular scenario last month may now be less suitable.
Your first property may have been a modern semi-detached house with an existing tenant already occupying it. They were the best lender at the time, but:
- Other lenders may have recently introduced a better scheme - perhaps a low fixed rate, which may now be more suitable.
- Now you may want to purchase a new property and take advantage of a developers discount for another property. But they may only base their advance on the reduced price, not the valuation.
- The current lender may insist on capital repayments on the mortgage, but you would prefer "interest only".
- They may restrict the advance to 80% of valuation, or even lower, but you want to borrow as much as possible.
- You may want to release extra funds as the deposit for further acquisitions.
- You may want to buy a property to be let to students, or as a Multi-let but many lenders will not allow this
- Your current lender may have a limit on the number of properties they will finance. Many limit to 1,2,5 or 10 properties - some will consider an unlimited number (but make sure they are the best suited for each property)
- They may not lend against a flat above a shop, or ex-local authority, or two adjacent properties, or with a Housing Association agreement, or.well, the list could be endless.
Yes, you can go direct to the lender, but how do you know which lender to go to?
You can wonder up and down the high street, calling in at every lender on the way, but does the most suitable lender for YOUR CIRCUMSTANCES have an office in your town.they may even be a specialist centralised lender without a branch network, or one who will not offer advice and only accept business from a limited panel of specialist introducers.
You can use the the services of a mortgage broker. Choose one who is an expert on Buy To Let properties and has experience in dealing with complex and unusual scenarios, not just the standard "two-up two-down".
The Buy to Let Mortgage Centre deals with all lenders in the market, have experience in all types of property, client and tenancies. There is no obligation and we may be able to make your investments work harder for you.
If you need to finance any property investment you can call us today on 0845 6010153 or send us an email here or fill in our online application form and get fast pre-approval for your next investment. Which ever way you choose to contact us we will be happy to assist in any way we can. We specialise in Self Certification, Buy To Let and Adverse Credit mortgages and remortgages both residential and commercial. We offer the most competitive mortgage rates and insurances in the industry all backed up with our unique Guarantee.
We Guarantee To Beat Or Match Any Genuine Buy To Let Mortgage Offer Or We Will Give You...
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Make your Property Portfolio Work For YOU not YOUR LENDER Contact us Today for FREE Expert Advice!
PS. Whatever method of contact you choose you can rest assured that our expertise will be put to work on your behalf immediately. Our goal is to provide you with the right mortgage at the best rate whilst making the process of financing your next property as simple and stress free as possible!
