A buy to let mortgage is a type of home loan for buying property that you intend to rent out to tenants for a profit. Buy to let properties come in all shapes and sizes, from houses to apartments and everything in between. Unless you own a property outright, it is usually against your lender’s rules to rent it out without taking out a BTL mortgage.
Friends Capital have pre-existing relationships with lenders and are experts in the buy to let mortgages. We can help you find the best possible mortgage deal. We will review your personal circumstances and then search the entire market to ensure you get the best mortgage rates possible. We will then deal with all the paperwork, submit your mortgage application, liaise with your mortgage lender and solicitor, and ensure that your mortgage application is completed as quickly as possible. We can:
Buy to let mortgage lenders require a higher deposit than a residential mortgage, and have specific assessments they make on potential borrowers. It’s important to seek professional and unbiased advice when planning to take out a buy to let mortgage, whether this is your first property or will be an additional property in your portfolio.
You can remortgage your buy-to-let to release equity and raise some cash. It’s also a good way to get a more favourable interest rate or change the terms of your mortgage deal.
Buy To Let Remortgage
One of our friendly advisors will either call you back within 24 hours (usually the same working day), or will take details from you in order to best deal with your situation.
When you speak with us, we will take a brief ‘fact find’. At this stage we take basic details about your situation. We will then search the whole of the market and find you the best deal available.
If you are happy with the deal that we offer, we will then contact the lender for you and get you what is called a ‘decision in principal’.
If you’re happy with the decision in principal then we will secure this deal for you and deal with the application for you on your behalf.