Independent Mortgage Brokers
Buy To Let / Let to Buy
Buy to Let - This type of mortgage has become very popular over the last few years with more and more people wishing to buy a second property to rent out. You will normally need a 15% deposit and a basic income of £10000 to qualify for this type of mortgage and most lenders need proof that the amount of rent will be equivalent to at least 125% of the mortgage payment as this is how they assess affordability.
Let to Buy - Some clients wish to let out there own property in order to purchase a new home. It may be that they are unable to sell their own property or that they feel it is in a good letting area. Mortgages are available on the new property up to 95%.
Your home may be repossessed if you do not keep up repayments on your mortgage.
For mortgage advice you can choose how we are paid, pay a fee of usually £500, or we can accept commission from the lender.
The FSA does not regulate legal advice and some forms of mortgage.
The overall cost for comparison is 9% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
