Buy to Let

In recent years 'Buy to Let' has become a popular way of investing savings to receive a regular income and capital growth in property. With property prices still strong compared to other forms of investment - many people feel more comfortable investing in ‘bricks and mortar’.

How's it work?

The main idea with these is to buy a property to rent out so that the anticipated rental income at least covers the property's mortgage and related insurances. The investment then comes from the rise in value of the property over the years and essentially the mortgage is paid for you by the occupying tenants!

Until fairly recently, 'Buy to Let' mortgages were usually more expensive and less flexible than normal mortgages but these days there is a much better range of products available. At Mortgage Base, being independent means that we aim to find the best deal for you.

Today many lenders offer mortgages and schemes specifically for the 'Buy to Let' marketplace, whether this will be your first or whether you are a much more committed investor who is looking to buy 5 properties or more. Usually you will be required to pay about 15% deposit with the expected rental income being used to assess how much you can borrow. There are some schemes which offer flexible payment terms that can be useful in months where there is a gap between tenants.

For helpful advice and assistance on how we can help you with a 'Buy to Let' mortgage contact us.

Note. With 'Buy to Lets' there is no guarantee that it will be possible to arrange continuous letting of the property, nor that the rental income will be sufficient to meet the cost of the mortgage