A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
Our mortgage tables can help you check the very best mortgage rates and daily deals.
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Independent Buy to Let Mortgage Advisors
Buy to Let mortgages which are sometimes called Investment mortgages, are usually arranged for clients looking for capital growth over the medium to long term with a potential for a steady regular income.
This may be used to supplement an existing or future pension income, it could also be used to secure finance for retirement.
Whether you are a entering the market as a first time Buy to Let investor or own a property portfolio, it is always advisable to speak to a broker who can offer Independent mortgage advice.
Ayton Law Financial services are a leading North Yorkshire/Northeast Independent mortgage broker who will source the whole of the Buy to Let market to compare the best rate and deals that are available.
For existing Buy to Let Investors it has offered great potential to achieve income and capital growth over the medium to long term.
Buy to Let Deposit
The deposit required for a buy to let is usually in the region of 15% - 25% of the property value, although a lender is happy to accept larger deposits if requested.
The lender will require proof of future potential rental income from the Buy to Let property, they will expect it to achieve a minimum of 130% of the monthly mortgage payment to qualify for the loan.
Once the property is owned and ready to be rented, it would have to be decided whether it would be self managed or passed on to a Letting agency to find a client and run the rental account.
Whole of market Buy to Let mortgage advice
Ayton Law Financial services are whole of market mortgage brokers, we are not restricted to any one lender, our sourcing system is updated daily, this allows us access to the best rates and mortgage deals available. We will always endeavour to achieve the best and most competitive mortgage package for our clients.
If you wish to discuss the prospect of becoming a Buy to Let Investor, then please call or email for further information.
Tel- Barry Fox on 01642-659500
IF YOU ARE CONSIDERING BUYING A PROPERTY TO LET, WE COVER TEESSIDE, MIDDLESBROUGH, ACKLAM, MARTON, NUNTHORPE, STOCKTON ON TEES,SALTBURN -BY-THE-SEA;HARTLEPOOL AND DARLINGTON, ; NORTH YORKSHIRE,WHITBY: YORK, LEEDS AND HARROGATE, AND TYNE & WEAR: SUNDERLAND,AND CUMBRIA,TEES VALLEY, NEWCASTLE UPON TYNE, COUNTY DURHAM,BISHOP AUCKLAND,BARNARD CASTLE; AND GATESHEAD.IT IS IMPERATIVE YOU GET EXPERT ADVICE IN THIS AREA, OUR OFFICE, YOUR PLACE OF WORK.
Buy to let property is a long-term investment which you hope will generate an income from rents and capital gain when you sell the property. But there is no gurantee that you'll make aprofit on the investment, and if access to cash is needed then a property may take time to sell or re-mortgage.
It is always necessary to maintain access to an emergency fund to cover mortgage payments during 'Void periods' that may arise where no tenant and the property is not let. In simple terms can you afford the buy to let mortgage payments if you had no rental income coming in.
Please be aware that since the 6th of April 2016 higher rates of Stamp Duty Land Tax have been applied to the purchase of additional residential and non-residential properties. Please follow the link below for further details:
THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE MOST FORMS OF BUY TO LET MORTGAGE
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME OR PROPERTY. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT