Buy to Let Mortgages
Hassle free mortgage advice covering a range of client needs.
What is a buy to let mortgage?
Buy to Let Mortgages offer a wide variety of possibilities for clients looking to build a property portfolio for many reasons. Recently a buy to let mortgage has become more popular with more flexibility to access the rental market.Why choose to buy to let:
- The property you buy and let could be an income for your retirement.
- Potential long-term capital growth.With the current trend for rental properties becoming increasingly more popular there is a market for tenants if you can afford to buy another property and rent this.
- A long-term investment that differs from other investments.
There are now more lenders in the marketplace who offer buy to let mortgages.
How is it different?
A buy to let mortgage is different to a standard mortgage and it will be assessed on a different set of basic financial information. 3 main differences are taken into account. A lender will usually assess your rental potential you will receive as well as the income you have from employment, they will have a higher rate of interest on the buy to let mortgage and the lender will more than often expect to receive a higher than normal deposit, usually around 25% of the properties value.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Our fees range from £350 to £495 depending on the type of mortgage you need.
Purple Swan Mortgages is authorised and regulated by the Financial Conduct Authority 779196 and an appointed representative of Julian Harris Mortgages Limited which is authorised and regulated by the Financial Conduct Authority 104155. The Financial Conduct Authority does not regulate some forms of Buy to Let Mortgage.
The guidance and/or advice contained on this website is subject to UK regulatory regime and is therefore targeted to consumers in the UK.