Buy to Let
From your first buy-to-let property to expanding your property portfolio, we’re here to help.
What is a Buy to Let Mortgage?
If your goal is to earn income by renting out your property rather than residing in it, you will need a buy-to-let mortgage.
Whether you’re a first-time buyer or looking to expand your property investment portfolio, Lifetime Planning can assist you in finding the most suitable buy-to-let mortgage. We compare offers from various lenders in the market to help you secure a mortgage that meets your needs.
How do buy-to-let mortgages work?
Buy-to-let mortgages help new landlords and current investors start in the rental property market. Here’s how a buy-to-let mortgage works:
The minimum deposit for a buy-to-let mortgage is usually at least 25% of the property’s value, but it can range from 20% to 40%.
Many borrowers choose an interest-only mortgage. This means they pay only the interest each month and do not pay back the full loan amount.
At the end of your mortgage term, you will repay the total amount you borrowed. Many borrowers save money in an ISA or sell their investment property to pay off this debt.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Most Buy-to-Let mortgages are not regulated by the Financial Conduct Authority
This firm charges a fee of up to £795 for mortgage advice. The amount of fee will depend on your circumstances and will be discussed and agreed with you at the earliest opportunity.
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