Buy To Let Mortgage Advice

We arrange Buy to Let Mortgages for our customers. A buy-to-let mortgage is arranged specifically for a purchase of a property that will be let out. It can be repayment or interest-only. The interest rates and fees that are offered on BTL mortgages are, on average marginally higher than those applied for an owner-occupied mortgage. This is due to the perception amongst banks and other lending institutions that BTL mortgages represent a greater risk than residential owner-occupier mortgages.

To qualify you will need to satisfy lenders that the property you are buying will achieve a specific rental income and you will usually need to have a larger deposit compared to residential mortgages.

Once having obtained a buy to let property, as for all property rental, the benefits can include a stable income from rental receipts, as well as an accumulation of wealth if house prices increase over time.

Types of Buy To Let Mortgages We Arrange

Buy to Let/Landlords Insurance

If you decided to buy a property and then rented it out to paying tenants, you have become a landlord. A home buildings and contents insurance policy will not offer the level of cover you need for a house that is rented out. A landlord insurance policy can be in most cases tailored especially for you and your property or properties so you have the right cover you need.

Landlord Insurance typically covers you for buildings cover, employer's liability and legal expenses as well as tenant's default. With the right amount of cover you can secure your properties to make sure you are covered if anything were to go wrong.

Features like accidental damage, legal cover, loss of rent and home emergency cover are just some of the standard features or optional extras and upgrades available with landlord's insurance. Typically your landlord's insurance policy will cover against damage to your property by flooding, fire, subsidence, smoke, burst pipes. Unoccupied cover can also included on policy, so if your property is empty you could still be covered under your insurance.