Buy to Let Mortgages – With up to £500 cash back
We search whole of market to offer our customers the best Buy To Let Mortgage deals and rates
A buy to let property (sometimes referred to as ‘buy to rent’ or ‘BTL’) is a type of property investment, in which the investor becomes a landlord and rents out the property for profit. It’s a special type of mortgage based on the fact that you will not be the permanent resident, and so is assessed differently to a normal mortgage
Our expert team are made up of independent mortgage advisers who have the experience to find the best buy to let mortgage deals in the UK.
We’ll assign you with your own buy to let mortgage adviser to help the buying process go smoothly. Then we’ll help you find suitable tenants.
We are experts in our field and will search our huge network of buy to let mortgage lenders, to help you enjoy the best return on investment.
We also help with the following: buy to let mortgages
- Independent mortgage advisers
- Landlord insurance
- Mortgage advice
- Home contents insurance UK wide
Call us today on 01702 619 221 and we will talk to you about the best buy to let advice available.
Why choose a Buy to Let Mortgage?
Buy to let mortgages have become affordable and easily obtainable, people who have never even dreamed of owning a second property are jumping on board to try to safeguard their future, following years of uncertainty with pensions and other investments.
Buy to let mortgages do not have to consider your income, they can be based on the rental income for the property you are looking to buy.
Buy to let mortgages rarely allow you to go above an 85% LTV so you will need to have a 15% deposit available for the purchase of the property.
You will need to ensure that you can afford to pay the mortgage if you have extended periods of your buy to let property being unoccupied. Additionally, there are sometimes extra conditions applied by some lenders about the age and maximum portfolio size of mortgaged properties.
You will also need to ensure that you have landlords insurance in place on the property a standard Buildings and contents policy is not enough due to the fact that the property is not being occupied by the owner and there is an associated risk with that.
Considering Letting out your existing home?
If you are looking to move home you may want to contemplate letting out your existing property. To do this you will need to convert your existing mortgage to a Buy to Let mortgage.
One option is to ask your current lender for permission to let your property out, they will most likely ask you to convert to a Buy to Let mortgage. You may also find that your current lender does not allow this. If this is the case, you may want to switch your mortgage to a Buy to Let with a new provider.
Please note that you should always ask your current provider if there are any fees or charges incurred by switching to a buy to Let.
What are Buy to Let Remortgages
Buy to Let remortgaging is simply switching your current loan with a new mortgage, whether with your existing provider or a new lender.
If you have an existing Buy to Let mortgage you may be considering remortgaging, whether to try and save money by getting a better rate or maybe to raise additional funds for another project. Whatever your reasons, Amber Mortgage Solutions can help assist you in finding the best mortgage.
You are not always guaranteed to find a better deal than your existing but it is always advised to check remortgage rates regularly. If you don’t take the time to compare mortgage types and providers than you may miss out on some serious money saving opportunities.
3 Essential Steps to Becoming a Successful Buy-To-Let Investor
Making money as a landlord is easy, right? Not necessarily. Unfortunately, investing in buy-to-let properties is more than buying a property, finding some tenants and sitting back to watch the rent roll in.
However, whilst it can be far from simple, making money as a buy-to-let investor is possible, especially when you know how.
Whilst the following tips may seem obvious to some, surprisingly, it’s advice that many eager investors overlook. Avoid the same mistakes and invest wisely, with these 3 expert tips for making your buy-to-let property investment a success.
Location, Location, Location
Spending time researching the property market is vital if you want to make a prudent investment decision. There are many aspects to consider when choosing a buy-to-let property. Aspects such as local transport links, nearby amenities, schools and even crime rates. All of which will impact the property’s potential rental yield, as well as the possible resale of your property in the future.
Remember, you can change a property through decor, but you can’t change its location. So, for more long-term vacancies and rental profits, the location of your property is something to consider at all times.
Know Your Budget
You’ve found a property that fits the bill, so what happens now?
Now it’s time to negotiate.
Remember, this is a business investment! If you want the best possible return on your investment, don’t be afraid to haggle – you want to get this part right.
Entering into property negotiations is a daunting process. However, as a buy-to-let investor you’re in a powerful position. You’re not part of a chain, you’re not personally affected by whether or not the sale goes through. You can walk away at any time – and the realtor knows this. Use this to your advantage; let it be leverage for a lower down payment and faster sale completion.
The same applies when shopping around for the best buy-to-let mortgage to suit you. Be clear in your own mind on how much you can afford, and don’t feel obliged to accept the first rates offered to you. Do your research, seek the advice of an expert mortgage broker, and increase your chances of enjoying greater profit for years to come.
Protect Your Assets
Once you’re the proud owner of a buy-to-let property, Building Insurance is essential. The unexpected can happen, and should it happen to you, without the right insurance you potentially stand to lose a lot more than your original investment.
In addition to building insurance, a smart buy-to-let investor will also look into good landlord insurance. The right landlord insurance could potentially save you hundreds of thousands of pounds, should the worst happen; it could help to pay for repairs, the relocation of tenants after an accident, cover lost rent. This is all dependent of course on what policy you opt for. But with help from a reputable broker you’ll be able to select the best cover to protect both yourself and your property.
Still thinking of investing for the future, with a buy-to-let mortgage?
Contact an expert member of our team today on 01702 619 221