BUY TO LET MORTGAGE,UK
A Buy to Let Mortgage is a loan for purchasing or refinancing residential property which is left to tenants rather than lived in by the borrower. Buy to Let Mortgage are suitable for people who want to invest their money in house or flat. Classed as a business transaction, rates and fees are typically higher than those you would find with a standard residential mortgage. A Buy to Let Mortgage is a mortgage specifically designed for this purpose. It is a popular purchase trend. Buy to Let is a simple concept — it is a form of residential investment in which you buy a property, typically with a mortgage, with a view of renting it out to tenants. When you buy a property with a buy to let mortgage you become a landlord.
If you’re looking to purchase your 1st time Buy to Let property or a landlord with a substantial portfolio we have access to the best Buy to Let interest rates. At Mortgage Simplicity we cover the Whole Buy to Let Market and we don’t charge any broker fees for arranging your Buy to let loan. Mortgage Simplicity is an independent whole or Market Mortgage Broker. We are based in Scotland but we cover the whole of UK. It doesn’t matter where you live be in Edinburgh, Belfast, Cardiff, or London we can help you. We offer you Fee Free Mortgage advice and we don’t charge broker fees. We give recommendations based on all types of Mortgages including First Time Buyer Mortgages, Remortgages, Buy to Let Mortgage, Commercial Mortgages, Secured Loans, Help to Buy Mortgage and Shared Ownership Mortgages. We have access to every lender, every deal including all of the major Banks and Building Society covering the whole market.
Buy to Let is a British phrase referring to the purchase of a property specifically to let out that is to rent it out. Rising house prices in the UK have made buy to let a popular way to invest. Buy-to-let mortgage is a mortgage arrangement in which an investor borrows money to purchase property in the private rented sector in order to let it out to tenants. Buy-to-let mortgages have been on offer in the UK since 1996. The most common type of buy-to-let mortgage is an interest only option. The interest rate on the mortgage can be fixed or variable. Fixed rates means that the payments would not fluctuate, and variable rates means that the payments may go up or down in line with the Bank base rate. The interest rates and fees that are offered on Buy To Let Mortgages are, on average, slightly higher than those for an owner-occupied mortgage.
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