When searching for an investment property, there are many things to consider. One of the most important, is getting the best deal on a buy to let mortgage suited to your circumstances.
For this you need an expert mortgage broker.
Buy to let mortgages are essential if you are looking to purchase an additional property to rent out to tenants, and require a mortgage to make this purchase.
Whilst buy to let mortgages are similar to residential mortgages, there are important differences such as, how the amount you can borrow is calculated the cost of stamp duty that you may incur and fees that may be necessary.
For a buy to let mortgage, you are likely to need a larger deposit. The minimum is usually 15% - 20%, but the most common buy to let mortgages require a deposit of 25%. As with any mortgage, in order to get the best deals and rates, you will need to put down a higher deposit.
Property investing is still one of the most popular methods of building wealth
Terms & Conditions
King Mortgages Ltd is authorised & regulated by the Financial Conduct Authority (FCA). King Mortgages Ltd is entered on the Financial Services Register https://register.fca.org.uk/ under reference number 803561.
There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances.
Think carefully about securing other debts against your home
Some forms of Buy To Let mortgages are not regulated by the Financial Conduct Authority. The guidance &/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers in the UK. As with all insurance policies, conditions & exclusions will apply.
YOUR HOME (OR PROPERTY) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
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