Best buy to let mortgage UK

Find the right buy-to-let mortgage

Are you looking to get buy-to-let mortgages? Or you are simply looking for reliable advice from professional buy-to-let mortgage brokers. Choosing a buy-to-let mortgage broker can be challenging for anyone, let alone when you don’t have a background in the fine art of finance. Maybe you have tried Googling “buy-to-let mortgage broker near me” or buy-to-let mortgage brokering company near me” in the hope that you’ll find someone who is local and hopefully has a good reputation.

The challenge for most landlords is that they need specific broker’s skills that may not be provided by simply the closest to you. Imagine if you had a long term health issue that needed fixing. Would you want the nearest person or the best person? Well, call Count Mortgage now for all your mortgage needs.

The buy to let mortgage market is a large one that takes some specialist expertise when selecting mortgages. For instance, is the property being purchased by a limited partnership, and what are the tax implications? All of the criteria are met by Count Mortgage.

Professional advice for buy-to-let mortgages

Are you considering purchasing a rental property to take advantage of the low housing prices? Count Mortgage is the perfect source for great buy-to-let mortgage advice. An advisor from our fantastic team will support and guide you with everything from mortgages and the rental income demanded by the lender. Advisor will also recommend a solicitor and arrange specialist landlords buildings insurance.

Count Mortgage is a mortgage brokering company that has insights into buy-to-let mortgage recipes and recommendations. It aims to provide you with advice and knowledge to support you with your buy-to-let investments.

What is a buy-to-let mortgage?

A BTL is a mortgage that allows you to buy a house or flat and then rent it out to tenants. Larger deposits and higher interest rates are also needed for buy-to-let mortgages.

These types of mortgages are not supervised by the Financial Conduct Authority (FCA). FCA-regulated loans are typically residential mortgages, such as ones used to purchase a home.

What happens when the mortgage term expires?

If you have an interest-only mortgage, you’ll only pay interest on the loan over the term. Once your interest-only mortgage deal ends, you’ll have to repay the original amount borrowed at the end of your agreement.

While it is not always straightforward, this is where the majority of landlords make their money. You will lose money if property values have dropped since you bought it and the property’s current value is less than when you bought it. You’ll have to pay the rest of the cost with your own funds.

Who can get a Buy To Let Mortgage?

A buy-to-let mortgage is available to everyone in principle. They’ll have to follow a few conditions first. To get a buy-to-let mortgage, you must meet the following conditions.

You must purchase and rent it out. But, if you plan to live in the property, you won’t be able to get this sort of mortgage.
You should also have a strong credit history and be a current homeowner.

Some lenders require that you earn at least £25,000 a year, but this isn’t always strictly required.
Anyone applying for this form of loan should be aware of the risks associated with property investment.

It is recommended that you employ Count Mortgage as your mortgage broker to ensure that you get the best mortgage for your needs. The brokers at Count Mortgage will be able to look over all of your options and present you with the best options.

Why use a buy-to-let mortgage broker?

A mortgage broker is regulated by the Financial Conduct Authority, even though BTL isn’t. As a result, you can be assured that you will receive the best guidance possible. You can file a complaint with the Financial Conduct Authority if you don’t think you’ve received the best advice possible.

Where to get a buy-to-let mortgage?

BTL mortgages are available from most large banks and some specialist lenders. Before you take out a buy-to-let mortgage, it’s a good idea to speak with a mortgage broker who can help you find the best price. Contact Count Mortgage now.

Where can you get the best buy-to-let mortgage deals?

To get the best buy-to-let mortgage deals, you should hire a mortgage broker who specialises in buy-to-let financing once you’ve worked out the approximate figures.

A mortgage broker would be able to maximise your return on investment by exploring the market. The mortgage brokers will find you the best deal if you’ve taken steps to get the cheapest buy-to-let mortgage on your investment.

The mortgage brokers who specialise in buy-to-let are experts in their field. They have an unrivalled knowledge of mortgage laws and lenders that sell interest-only or repayment mortgages for buy-to-let properties.

How much can I borrow for a buy-to-let mortgage?

The amount you can borrow with a buy-to-let mortgage is determined by how much rental income you plan to receive. Your lender may want to know so that they can rest assured that their money is secure.

Typically, they’ll like to see revenue that’s at least 20% more than your monthly mortgage payment. You can do some research or contact a letting agent to get an idea of how much money you would expect to make from a property.

When you know how much you will make on a property, you should be able to figure out whether you should borrow enough to buy a property.

Which lenders does Count Mortgage compare?

As an independent buy to let mortgage brokering company, Count Mortgage has access to the UK market of buy to let lenders. Its financial services experience put Count Mortgage in an excellent position to assist landlords and businesses in finding the best buy to let product for their needs.

Are buy-to-let mortgages interest-only?

Most Buy to let borrowers prefer interest-only mortgages because they result in lower monthly payments. Repayment mortgages are still an option, and they’re becoming increasingly common.

What are the tax implications of buy-to-let mortgages?

Landlords simply lose lucrative tax relief on their buy-to-let mortgage costs under new legislation that came to force in April 2020. Now landlord will receive a tax credit based on 20% of your mortgage interest payments.

Are buy-to-let mortgages more expensive?

BTL mortgages cost more due to higher interest rates and larger deposits. Also, borrowers pose a greater risk to lenders than owners.

How much deposit do I need for a buy-to-let mortgage?

A deposit of at least 15% to 25 % of the property’s value is usually required to obtain a mortgage on an investment property. The higher the deposit you put down, the better the rate you’ll be able to get, much as with traditional residential mortgages.

The best buy-to-let deals are normally reserved for buyers who have put down a deposit of 40% or more. Lenders can look at your existing portfolio as well as your prior experience receiving and repaying buy-to-let loans when determining your affordability.

References and useful links:

Money Advice Service