Property is a sound long term investment, but Buy to Let mortgages are more complex than ever. Increased regulation, tax changes and stricter criteria has led to many investors being unable to get the mortgage they need. Specialist buy to let mortgage advice and bespoke underwriting is needed to achieve the best results.
Buy to let mortgages usually come down to considering some key points –
- Rental income
- Personal income
- Residential status
- Existing portfolio
- Rental type (i.e. family, student, HMO etc)
Further considerations include –
- Tax position
- Deposit / Equity
- Credit history
- Other debt
As a buy to let mortgage specialist, we work with lenders to help with cases such as –
- No minimum income
- Portfolio Landlords
- Limited company buy to let
- Top slicing (using personal income for rental shortfalls)
- Houses of Multiple Occupation (HMO’s)
The most important point is ensuring that you get the most competitive and suitable mortgage for your investment. By working with a specialist, you can rest assured that you get the right advice and the solution you need.
Symmonds de Lacey believe property investors deserve respect for the vital role they play in the private rental sector and should be rewarded, not penalised.
Our tailored advice is designed to help increase income, reduce costs, minimise risk and maximise returns. Most importantly, we have the knowledge and experience to get you the buy to let mortgage you need.