Buy To Let Remortgage
Buy To Let Remortgage
There are several reasons why you may want or need a Buy To Let Re-mortgage, including:
- You are moving house and want to retain your existing house as an investment.
- You want to raise extra money against a property or properties - for variety of reasons.
- Note - DO NOT assume that other lenders will not release extra money, just because your existing lender won't.
- Providing deposits for further acquisitions.
- A Landlord with £1 million of property with only £720k borrowing may be able to double his portfolio without having to contribute any savings.
- Your fixed rate with the current lender is due to expire. If you have had your present facility for more than 2 years you would probably benefit from one of the many new schemes in the market.
- You may have reached the maximum advance limit of your current lender. Some lenders will only allow a low Loan To Value against some properties - and your want to borrow more.
- The rental yield is low but you need to release more funds. Different lenders will apply different rental income stress tests - some will apply different calculations for different products. You may be surprised how much more you can borrow with the combination of right lender and right product.
- You have read our website and realise that your portfolio could be working harder for you. It costs nothing for us to review your entire portfolio. We may be able to make some surprising recommendations to you. If we confirm you are making the most of facilities - take a pat on the back.
- Your current lender will not let you borrow more against the property. Facilities may be restricted by type of property, loan to value ratio or rental yield. Other lenders may have more relaxed/generous criteria.
- Unusual proposals. For instance, you may have a house that you now want to convert into 4 self-contained flats. Your existing lender would treat it as a development project - which could be restrictive or expensive. This requires the input of a specialist who can negotiate individual terms for you.
Whatever the reason for your re-mortgage - whether a single property or a large portfolio, this is your opportunity to ensure you have the best lender or lenders and products to meet your individual circumstances and needs.
Rescue package - many people have found that a combination of increased mortgage interest rates and stagnating rental income has put pressure on their finances. A re-mortgage to a fixed rate with the most suited lender could significantly reduce commitments.
Your lender requires capital repayments, but you want a genuine interest only facility.
The portfolio has a mix of high and low rental yields but your existing lender assesses each property individually.
You may be able to borrow significantly more if another lender will 'aggregate' rental incomes.
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.
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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!
