Common Buy To Let Mortgage questions.
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Can I live in my Buy to Let property?
Usually, it is a condition of a Buy To Let mortgage that the property is let to tenants. Talk to your lender. There are tax implications to consider too.
How does a second mortgage work?
This is a type of loan used against the equity in your home. The second loan is in addition to your first mortgage.
Is remortgaging a good idea?
If you can reduce your monthly payments with a better interest rate, or shorten the time that it takes to pay back your mortgage debt, then this could be positive.
How do I get a £1+ million mortgage?
We have the expertise to arrange £1m+ mortgages which, by their nature, are complex and require specialist underwriting.
Can I take out more than one Buy To Let mortgage?
Yes. We can help landlords who are looking to grow a portfolio of properties, remortgage a buy to let or purchase a new property.
The Buy To Let Mortgage Process
Working with HB Partners
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An informal introductory conversation
Your Mortgage Adviser will work with you to gain an understanding of your situation. Following this you will be shown an overview of the options available.
Now that we know your circumstances, we will look for the most appropriate Buy to Let Mortgage product to meet your needs.
Our Expert Recommendation
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Discover the right Buy To Let Mortgage for you
Your Mortgage Adviser will present the range of Buy to Let options available for your individual circumstances. When you are ready to proceed, your Adviser will apply for an agreement in principle from the selected lender.
Once the agreement in principle has been received, we will submit the full application on your behalf. We manage all stages of the process, and keep you updated, right up to the mortgage completion.
Full Application
When buying a second property “to let” you will need to decide whether your primary objective is income or capital growth. Your adviser will take the confusion out of mortgages and present the options clearly and simply, such as
What is 3 + 5 =
Meet our Advisers
CAN I GET A NORMAL MORTGAGE AND RENT IT OUT?
Most lenders will require you to be earning rental income from the property.
HOW MANY BUY TO LETS CAN I HAVE?
This varies from lender to lender. Your Mortgage Adviser will discuss your requirements and recommend the right lender for your situation.
HOW MUCH CAN I BORROW FOR A BUY TO LET MORTGAGE?
Most lenders require you to be earning an income. Typically, lenders will need the rental income to be at least 125% of the monthly mortgage payments.
CAN YOU GET A BUY TO LET MORTGAGE AS A FIRST TIME BUYER?
Yes, it is possible. However, not all lenders will offer Buy to Let mortgages to first-time landlords/ buyers for a variety of reasons. Your Mortgage Adviser will discuss feasibility and options with you.
Frequently Asked Questions
If you have a specific question, click the button below, and we will do our best to answer this for you.
It is important to be aware that there are tax issues associated with owning properties to let. For full details, please visit the ARLA website at www.arla.co.uk for further information on becoming a private landlord.
Your mortgage adviser will provide a comprehensive mortgage sourcing service, arranging Buy to Let mortgages for all clients from the investor with a single property right, through to the professional landlord with an extensive portfolio.
Your home may be repossessed if you do not keep up repayments on your mortgage
Some forms of Buy to Let Mortgages are not regulated by the Financial Conduct Authority
Why use us?
We provide expert professional advice to homeowners and first time buyers on mortgages, remortgages and buy to lets.
We provide tailored advice to companies looking for commercial mortgages and development finance.
We are qualified to advise you on your equity release requirements.
We don’t sell. We listen objectively and identify financial risks which allow us to put in place the best insurance policy available.
To secure the best terms possible, we have direct access to senior underwriters in some of the biggest insurance providers in the UK.
We have access to technical insurance portals to analyse the best providers and policies across the whole of the market.
Your home may be repossessed if you do not keep up repayments on your mortgage
What our clients say
Mark Culham
Adviser & Co-Founder
Steve Jascourt
Adviser & Co-Founder
"I get satisfaction about having ‘real’ conversations with people about why having the right cover in place is so important. I also take a lot of comfort from knowing that our clients are covered should the worst happen."
“Arranging mortgages for my clients impacts positively on their lives, and gives me immense job satisfaction. When a client returns for repeat business, or refers family and friends to me, I know that I have done a great job.”
