Buying a Property to Let Out, Buy to Let Mortgages



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	The Mortgage Exchange (London) Ltd 86 Glenthorne Road Hammersmith, London W6 0LP
	enquiry@ 4mortgageadvice.co.uk
	0870 850 7575
	0870 850 7576

Buying a Property to Let Out

Soaring house prices, increased demand for rental property and better legal protection for private landlords have made buying a property to let out to tenants an increasingly popular investment option for many people. Low interest rates have made mortgages more affordable, and rental income can look attractive compared with the return on other investments.

The Mortgage Exchange offers a wide range of specialist mortgage loans for people interested in buy-to-let.

Contact at TME
Mr. Glen Thomas
Who Specialises in:
General Mortgages and Loans, First Time Buyers and Buy-to-Let Mortgages.

What is a buy-to-let mortgage?
Buy-to-let mortgages were created for existing homeowners who want to buy a property for the purpose of letting it out. Although they are similar to other mortgages, there will usually be other conditions attached. The lender will accept a lower loan to value and may also specify requirements regarding length of letting terms and minimal rental income as a percentage of property value.

How can I get a buy-to-let mortgage?
Most High Street lenders will not be interested in helping you obtain a "buy to let" mortgage. The Mortgage Exchange however can advise you on several schemes available from top lending sources, and at competitive interest rates.

How much can I borrow?
When deciding how much you can borrow, some lenders may take into account the rent you will earn, as well as your own income. As a general guide, bearing in mind the semi-commercial nature of this type of loan, lenders will normally only lend 75 or 80% of the property price. It may be possible to raise some or all of the deposit needed by considering a re-mortgage to your existing property.

Will I have to pay a higher mortgage rate?
Buy-to-let mortgages are generally slightly more expensive than ordinary home loans,

Can I get tax relief on a buy-to-let mortgage?
No, but you can offset interest payments on your mortgage against tax on rental income, along with other expenses such as agents' fees and maintenance costs.

As long as you receive the correct advice and assistance, buying a property for renting out is generally a very straightforward process.

The Mortgage Exchange are experts at finding and arranging the BEST possible deals for our clients from a wide range of lenders. Use our Online Enquiry Form to receive a NO OBLIGATION illustration of the loan solutions that best suit YOUR needs and circumstances.

WE CAN ONLY HELP YOU IF YOU CONTACT US!

	Mortgages		Buy To Let
	Remortgages		Business Finance
	Council (Right To Buy)		Home Owner Loans
	Home Owner Loans		Adverse Credit
	Offshore Mortgages		Commercial Mortgages

The Mortgage Exchange (London) Ltd
86 Glenthorne Road Hammersmith, London W6 0LP
TEL: 0870 850 7575 FAX: 0870 850 7576

* Your home may be repossessed if you do not keep up payments on your mortgage.
* The Mortgage Exchange (London) Ltd is authorised and regulated by the Financial Services Authority