Buy To Let Mortgage Advice
Buy to let mortgages are a popular mortgage option for those wishing to invest in residential rental property. We have many successful clients who we have supported in building their buy to let portfolios.
When buying a property for the purpose of letting, the mortgage is one of the most important things to consider as a good deal can make a huge difference to your overall profits or yield. There are many lenders who offer competitive rates, which, in many cases are similar to the rates offered on a residential mortgage, however, you will have to put down a bigger deposit – usually a minimum of 25%. Landlords also have a choice between interest only and repayment mortgages. By using MFS, you will have your own dedicated specialist local mortgage advisor to guide you through the options available to you, helping you make the right decision.
Recently changes in the way tax is applied to buy to let landlords mean buying properties in a limited company is becoming more and more mainstream. MFS specialises in helping you purchase properties both personally and in limited companies to ensure you get the most out of your investment. If you are unsure of the different ways and options your MFS mortgage advisor can help advise you on all aspects of the journey – meaning you do not have to worry. With our expertise in this market, we can help you find the most suitable product to suit your requirements. With our extensive access to thousands of mortgages and our knowledge of lenders’ criteria, we can find you the right buy-to-let mortgage.
So if you are a first-time landlord, or an experienced investor looking to grow or make the most of your existing portfolio speak to one of our team today, you will be safe in the knowledge that you will be getting the most suitable advice.