Buy to let mortgages London

Expert advice for all types of investment property

Need a Buy To Let Mortgage London? A buy to let mortgage is a loan secured against a property that is intended for rental. The mortgage can be obtained in a company name (commonly referred to as a special purpose vehicle or SPV for short) or by an individual investor in their personal name.

Buy to let mortgages are secured on the expected rental income of the investment property. Unlike a mortgage on your home, income does not determine the loan amount you are able to borrow. However, some lenders can take a view on your surplus income to increase the loan size, if the expected rental income assessed will not be enough for the required loan (known in the industry as ‘income top slicing’). Buy to let mortgages can be used to purchase new investment properties or to re-mortgage a current home and convert it into a rental property.

Due to the recent changes in the legislation there are now more options available to set up via a limited company should you not wish to purchase in your own name. There is no age or credit profile restriction for a buy to let mortgage. If it is your first time investment or you are an experienced landlord understanding the options available to you and cost implications are of paramount importance and will help you get the most out of your investment property.

 

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DISCLAIMER
Buy to Let mortgages entered into by the way of business are not regulated and therefore do not hold the additional level of consumer protection. You should seek separate legal and tax advice regarding your responsibilities of owning this type of property. Mortgage London is a trading style of City Finance Brokers Limited which is authorised and regulated by the Financial Conduct Authority. Registered office address: Tower 42 Tower 42, 25 Old Broad Street, London, England, EC2N 1HN. Registered in England and Wales, Company number 09881116. Some types of bridging, development, commercial and buy to let mortgages may not be regulated by the Financial Conduct Authority. AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.