Buy to Let Schemes
Buy to Let Schemes
"Make your investments work for you, not the lender"
Finding the right buy to let property with the right yield is important, but if you select the wrong lender or product your profits or capital growth will be eroded.
You may be looking to buy your first investment property, or perhaps adding to an existing portfolio. You may want to borrow more money against properties you already own, or just want to change schemes. Picking the right buy to let scheme is vitally important.
There are suitable buy to let schemes available to meet most requirements, but finding the right one may not be as easy as it looks.
There is so much to consider, including:
- Do you want to pay "interest only" or reduce the capital balance as well.
- Do you want to stabilise payments by benefiting from a fixed rate, or perhaps a discounted scheme with lower initial payments is more important?
- Are you likely to want to repay the mortgage early, but want to avoid penalties, in which can a Tracker may be more suitable.
- If you intend to build your portfolio then a forward buying facility would be very useful. It pre-agrees advances up to a certain level, subject to valuation and rental income.
- What type of property is involved? There are different schemes for residential, mixed and full commercial. The availability will vary according to the type of tenancy and, in the case of commercial property, the length of lease and status of the tenant.
- There is a specific structure for purchasing at auction - there is one way to do it right, but many ways to get it wrong!
- If you want to maximise borrowing against a modest yield, are you willing to have redemption penalties that exceed the initial mortgage incentive period. What if rental income does not justify the advance required, using the product you want?
- Do you want your own income to be taken into account, or do you need the high yield from other properties to be taken into account when assessing the maximum funding available.
- Do you want the flexibility to overpay and underpay on your mortgage, or perhaps to sell a property and replace it with another without incurring penalties?
- Do you want to purchase in a Limited Company name and, if so, are you willing to give personal guarantees?
What ever your preferences, just let us know and we will match them to the property details and will identify the best solution for you. If we are unable to find an exact match we will offer alternatives for your consideration.
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!
