Buy to Let Mortgage Advisors
Finding a buy-to-let mortgage - Bristol, Somerset & Beyond
If you’re buying a property to rent out, you’ll need a buy-to-let mortgage.
Whether you’re becoming a landlord for the first time or you’re looking to expand an existing portfolio you will need to take out a buy to let mortgage rather than a standard residential mortgage. A buy to let mortgage is specifically for people who are buying a property to rent out to a tenant or tenants.
How do buy to let mortgages differ from residential mortgages? :
- Interest rates are usually higher on buy to let mortgages compared to residential
- You’ll need a bigger deposit, whereas for residential mortgages your deposit could be as little as 5% of the property value you will have to pay at least 25% for a buy to let mortgage.
- Unlike a standard mortgage, where the amount you can borrow is linked to your income, with a buy to let mortgage, the lender will instead look at how much rent you could make from the property on which the mortgage is secured.
- Affordability for a Buy to let mortgage is worked out on the rental return on the property this can be, these properties can be rented out to commercial businesses, residential tenants or even holiday lets.
We can help you arrange a buy to let solution for your need, check out our buy to let mortgage finder or call our expert team today to find out more.
What customers say
I was referred to Liberty Money after Halifax could not renew my mortgage because of my age we had also been let down at the last moment by another company because our property was unusual, Jenna took control immediately & researched the market for a company who could see beyond the usual properties. We are rural, isolated, on an unmade track & using borehole water. She confirmed that these factors would be acceptable. We wanted a Retirement Interest Only mortgage which required assess…
Dr Piers & Polly BE
Featured news
Mistakes to avoid when reviewing your mortgage
Mistakes to avoid when reviewing your mortgage. Your mortgage is probably the biggest financial commitment you’ll mak…
Should I overpay my mortgage?
Can you make additional payments off your mortgage? Over the last few months the mortgage market has had some fast pace…
5 mortgage costs you might not know about
If you’re looking for the most competitive mortgage, there’s more to it than simply choosing the deal with the lowest in…
In a hurry?
Leave your details, and we'll be in touch with you.
Details submitted through this form are confidential. We will process any personal information collected in this form in accordance with our Privacy notice. The information therein is used only to contact you to discuss the areas you've expressed an interest in. Please note the contents of this form is sent via email and therefore may not be secure.
Details submitted through this form are confidential. We will process any personal information collected in this form in accordance with our Privacy notice. The information therein is used only to contact you to discuss the areas you've expressed an interest in. Please note the contents of this form is sent via email and therefore may not be secure.