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Buy To Let Mortgage

If you're considering buying your first Buy to Let property or expanding portfolio, your mortgage repayment will be your largest expense. It's crucial to secure the right Buy to Let mortgage to maximise your profits. The entire process can feel overwhelming, and navigating the mortgage market can be quite challenging.

We provide a comprehensive array of exclusive mortgages that are accessible solely through a specialist adviser, rather than through online platforms or traditional banks.

Our team will expertly guide you through the available mortgage options, recommending a solution that aligns with your unique needs, budget, and circumstances. We will clarify any complex terminology, ensuring that all your inquiries are thoroughly addressed. Furthermore, our support extends beyond mortgages; your adviser will also recommend reputable solicitors and assist you in securing home and life insurance to protect your new home and family.

Our team is dedicated to supporting you throughout the entire process, ensuring you remain informed and updated on every significant milestone.

What is the required deposit for a BTL mortgage?

Typically, lenders require a minimum deposit of 25% of the property's purchase, which can come from cash savings, gifts, or inheritances. Some options may allow for a 20% deposit, but these usually come with higher interest rates due to the risk perceived by the lender.

Consulting with an adviser is crucial, as the required deposit can also depend on the property's rental income, the lender's stress rate, and the available loan amount.

 

What is a stress rate?

 

Lenders apply a stress rate, which can differ based on whether you're purchasing personally or through a company, your personal income tax bracket, and whether you're considering a 2 or 5-year fixed rate. This rate is used to assess the loan amount at a higher interest rate than the one being offered helping lenders determine if the loan is affordable in the long term, especially in the event of future rate increases.

TESTIMONIALS

"Top service. Paul went above and beyond and I highly recommend him. We were abroad at the time of application but the application was stress free thanks to Pauls responsiveness, he always took time to explain everything even over the message which I appreciated due to time difference. Mortgage was approved by the time we returned."​​​

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4th Jan 2024

Darina Hab

"Myself and my wife are incredibly happy with Paul's service, he has been amazing, being first time buyers we had no clue where to start and he guided us through everything and took the stress out of the entire situation. Paul's communication was fantastic and he kept me in the loop always and went above and beyond in finding us the right mortgage. Thank you again Paul you've made us both very happy"

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6th Sept 2024

Brad Bradley

"I would highly recommend Paul, he made the whole precess so easy and straightforward. He would explain everything simply which made it much easier to understand and take in. Excellent mortgage advisor!!"

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11th Jul 2023

Shauna Bagenal

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Elite Independent Mortgages Ltd is authorised and regulated by the Financial Conduct Authority who oversees all financial business in the UK. You can find us on their website www.fca.org.uk. Our registration number is 301502. Our registered address is 3 Hannah Street, Porth, Rhondda Cyon Taf, CF39 9PU.

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