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Buy to Let Mortgages

In recent months most lenders seem to have pulled out of the buy to let mortgage market. This has meant that there is little competition between lenders, resulting in higher costs for buy to let mortgages.

Lending criteria have also tightened so that lower rental calculations are used. Maximum loan to value limits have dropped to 75% (no longer the heady heights of 90% loan to value buy to lets!)

But on the Good Side

But house prices have fallen and the rental market is still strong. So there could be some bargains to be had.

So despite the higher costs for mortgages, it might well be worth bagging that bargain now.

Getting Help

If you are looking for a buy to let mortgage you should get a mortgage adviser to help you with your application. They could have special deals that are not available direct and they should be able to ensure your application goes through smoothly.

You should talk to two, three or more brokers. See what deals they offer you and ask them how much experience they have in dealing with cases like yours.

Complete our online enquiry form to get help from a broker.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

FaqMyMortgage.co.uk is not a regulated firm. The information and tools on this site are for general information and background only. No part of this site should be construed as 'personal information' or 'advice' as defined by the Financial Services Authority (FSA). Any opinions expressed are the personal opinions of the writer only. You should seek professional advice to confirm that any suggestions or opinions apply in your personal circumstances.

Whilst every effort has been made to try to ensure the accuracy of information on this site, I cannot guarantee that it is all accurate or up-to-date. You should ensure that you confirm any information that you will rely on with the appropriate lenders or a mortgage adviser. Always obtain a Key Facts Illustration if you wish to compare mortgages or if you wish to apply for one.

If you would like any personal information or advice on your particular circumstance then you should speak to an FSA Regulated Mortgage Adviser