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Mortgages for buy to let properties

Are you considering buying property that you intend to rent out to residential tenants for a profit?
Whether you are looking to complete your first buy-to-let purchase, or already maintain a sizeable portfolio of properties, we know every penny counts when it comes to making a profit. The main difference with buy to let mortgages and residential ones is most people will look to opt for an interest only mortgage – Whereby you only pay back the rent charged against the loan versus repaying the interest and the capital of the balance. This enables landlords to maximize their profits to put to other uses or to build a reserve to raise deposits to invest further.


We aim to find you the best deal possible, and we understand that everyone’s circumstances are different, but this investment can make a huge difference to you and your family. That is why we are here to help you with all the facts and information we have. Not only that, but you will be getting advice from mortgage experts with years of experience.

    FAQ

    1. What is a Buy to Let mortgage, and who is it suitable for?
    A Buy to Let mortgage is designed for individuals who want to purchase a property with the intention of renting it out to tenants. It’s suitable for those looking to invest in real estate and generate rental income.
    2. What factors do lenders consider when assessing eligibility for a Buy to Let mortgage?
    Lenders consider your credit history, income, potential rental income, and the property’s location and condition when assessing eligibility for a Buy to Let mortgage.
    3. Can I live in a property financed with a Buy to Let mortgage?
    Generally, Buy to Let properties are intended for rental income, so you cannot live in the property. If you want to live in it, you should consider a residential mortgage instead.
    4. What are the tax implications of Buy to Let properties?
    Buy to Let landlords are subject to income tax on rental income and capital gains tax on property sales. Additionally, there are potential stamp duty surcharges for additional properties.

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    Derbyshire Mortgages & Protection Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Limited, which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register under firm reference number 982876. Registered Office: 4 Lime Tree Close, Tibshelf, Alfreton Derbyshire DE55 5RF. Registered Company Number: 12631487. Registered in England and Wales.


    Typically, we charge a fee of £399 for a remortgage and £595 for a mortgage when purchasing a property, however the actual fee will depend on your circumstances and complexity of your mortgage needs.


    Not all Buy to Let Mortgages are regulated by The Financial Conduct Authority You may have to pay an early repayment charge to your existing lender if you Remortgage.


    As with all insurance policies, conditions and exclusions will apply.

    Think carefully before securing other debts against your home.

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