Buy To Let Mortgage Broker London
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Some ways we have helped clients move on
What ever the case finding a lender to obtain a buy to let mortgage that fits your profile can be difficult.
With new rules being introduced constantly you may need some help, these rules can include.
How much you can borrow.
What rent is required.
How many properties you can hold with each lender.
Does your credit score match the lenders requirement.
Have you got the correct amount of income for the lender.
What other outgoings you have.
Would you have enough income to cover any voids in rent.
Do you have any past credit problems.
These are just some areas to be considered.
Not all of the above would stop you from embarking on your new venture as a landlord but knowing what lender to approach will help you succeed in getting your buy to let mortgage finance.
We can help you by advising you on what lender will fit your profile, save you a lot of time and money and help you secure the property quickly, important if your bidding against others, let us help you.
A recent landlord who came to us had been trying unsuccessfully for over a year to purchase new buy to let investments. Due to his income being below most lenders threshold he was not being offered competitive interest rates and thought he may have to end his portfolio building.
A friend suggested giving us a call just to see if other deals were available to him.
We checked his accounts and his low income that year was purely down to the investment he had put back into his property and now he was back on track. We were able to help him move on with new purchases finding some of the most competitive rate available.
A mother wanted to provide a future investment for her son in the way of a buy to let property; she had never owned an investment property herself and her son had never had any type of mortgage.
She wanted her son to be part of the mortgage but unfortunately all the lenders she approached would not allow her to purchase the property in her sons name due to him never having had a property or mortgage.
After clarifying her own status and releasing some equity she had in her own property we were able to secure a buy to let mortgage jointly with mother and son owning the property, with our help she is now looking to build a portfolio of properties her son can take over in the future.