From First Investment Or Adding To Your Portfolio
Specialist Advice On Buy To Let Mortgages
We have unrivalled and extensive industry background
Stanford Mortgage & Financial Services are specialists in the Buy To Let mortgage area with unrivalled and extensive industry background within the sector. Whether you are looking to buy your first investment property or currently have a portfolio of properties we are on hand to provide the best expert buy to let mortgage advice.
Some Frequently Asked Questions
A buy-to-let mortgage is a product specifically designed for borrowers who are purchasing property to rent out. This could be as investment or as an accidental landlord who has chosen to keep their property due to changes in circumstances but decided to keep ownership of the property.
Buy to let mortgage products require a larger deposit which can be typically from 20% to 25%. This will be dependent on the chosen mortgage product.
Recent changes to stamp duty on second homes has incurred an increase of 3% on top of the standard stamp duty payable. For further details please complete the mortgage calculator which will indicate the amount payable for second/investment property
With buy to let mortgages the lender will need to ensure the rental income from the property will comfortably cover the mortgage repayments. The majority of lenders will require the rent to be at least 125% of the total repayment. You must therefore think very carefully on the rental yields of the chosen investment property.