What Are Buy To Let Mortgages?

Friday, May 22nd, 2015

Buy to let mortgages are a specialist type of mortgage and as such a high percentage of landlords prefer to use a specialised broker to assist them with their choice of product and to ensure that they get set up correctly.

Buy to Let Mortgage Brokers

A professional buy to let mortgage broker will not only source the most competitive mortgage from the market to meet an individual’s needs and requirements, they will also handle all the paperwork and liaise with any interested third parties such as lenders, estate agents and solicitors.

When it comes to buy to let mortgages, some specialist brokers have a distinct advantage as there are a number of lenders who will only offer buy to let mortgages through such specialists and consequently it is often their clients who end up being offered the best deals!

Buy To Let Landlords

It doesn’t matter whether you are a professional landlord with a large portfolio of buy to Let properties, a relatively new landlord with just a few buy to let properties or whether you are just considering your investment options, a specialised broker such as Caboodle Finance will undertake research across a comprehensive panel of lenders to track down the most suitable mortgage for your individual circumstances.

Buy to Let Mortgages

Buy to let mortgages, be they in Birmingham or indeed anywhere else for that matter are only available on investment properties which are to be rented out and are not designed for properties that the investor intends to live in themselves. Mortgage lenders will consequently always scrutinise all applications very carefully to make sure the correct type of mortgage is being taken out for its intended purpose and this is something that a specialised mortgage broker will be able to provide advice and guidance on to ensure that applications progress smoothly.

In short, if you do need to purchase or indeed remortgage an investment property in the Birmingham area or its wider surrounds, you should consult a specialist in buy to let mortgages but always ensure that they go on to undertake periodic reviews of client portfolios.

By way of example, when a client’s buy to let mortgage approaches its review date, Caboodle Finance will take the time to carefully reassess their client’s needs and priorities in order to ensure that any on-going goals are taken into account as part of that renewal process so that the landlord gets access to the very best possible deals that are, in all the circumstances, available to them.

Buy to Let Mortgages, Birmingham

So, whether you want to undertake a comprehensive portfolio review or are just thinking of taking a first step into the world of property investment, click HERE to contact Caboodle Finance, Birmingham by email or alternatively just them call on 0121 308 9114 today and they will do their best to help you.

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CONSOLIDATING DEBTS MAY INCREASE THE TERM AND TOTAL AMOUNT PAYABLE.

Your initial consultation is free and you are under no obligation to proceed with a mortgage we recommend. There will be a fee for mortgage advice. The exact fee will depend on your circumstances and may be reduced depending on the loan amount and any commission we receive from the lender. It is estimated that the fee will be £595, but it may range from £495 to 1% of the amount you borrow. The fee is only payable on completion and can normally be added to the mortgage. This will be discussed and agreed with you before you make an application. Please ask for a personalised illustration.

Secured loan rates from 3.95% APRC, although we have plans available up to 29.9% APRC which allow us to assist customers with the most severe credit problems. The overall cost for comparison is 7.65% APRC. For secured loans a broker fee up to 10% of the loan amount borrowed may be payable on successful completion. A lender fee may also apply. The actual APRC available will depend on your circumstances. All loans are subject to status. Please ask for a personalised illustration.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Caboodle Financial Services Ltd, registered in England at SQ2 House, 240b Lichfield Road, Four Oaks, Sutton Coldfield, West Midlands B74 2UD (number 08044670).
Caboodle Financial Services Ltd is an appointed representative of PRIMIS Mortgage Network (PRIMIS), a trading name of Advance Mortgage Funding Ltd which is authorised and regulated by the Financial Conduct Authority. PRIMIS is only responsible for the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by Caboodle Financial Services Ltd may not be the responsibility of PRIMIS and may also not be subject to regulation by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some forms of Buy to Let.

© 2019 Caboodle Financial Services Ltd