Buy to Let Mortgage and Remortgages Southampton, Bournemouth & surrounding areas

Independent mortgage broker arranging Buy-to-Let mortgages.

Speak to one of our Buy to Let specialists today. We advise, recommend and arrange buy to let mortgages.

If you have a question about and existing buy-to-let or if you are thinking of a new buy-to-let mortgage feel free to contact us.

We arrange mortgages for first time landlords to experienced landlords with buy-to-let portfolios.

Every buy-to-let mortgage lender has a different lending criteria for cases they will accept. Why search the whole market yourself when we can tell you in a few minutes if the property is likely to be acceptable?

Purchase buy-to-let mortgages and remortgages arranged.

We advise and recommend on a comprehensive range of mortgages from across the market.
Remember that your home may be repossessed if you do not keep up repayments on your mortgage. Wills & trusts, conveyancing services, and most forms of buy-to-let mortgages are not regulated by the Financial Conduct Authority.

Buy to Let Mortgages

Buy to let mortgages (BTL) are offered by most mortgage lenders. You need to consider most of the same things you do when choosing a mortgage for your main home.

Residential mortgages are, more often than not recommended on a full capital and repayment basis , as it is the only guaranteed way for a mortgage to be cleared at the end of the term. As a buy to let mortgage is considered an investment, the repayment method is not as crucial but it is however a very important part of the decision making process.

The obvious advantage of a repayment mortgage is that the property will be all yours when you come to end of the mortgage term. Alternatively, you may need to sell the property at the end of the mortgage term if no repayment method has been arranged. Your mortgage payments will be higher than an interest only mortgage so you will need to do your sums.

Over the past few years most lenders have insisted on a level of income being confirmed by the borrower even though they will normally lend based on the rental value. This is because tenants cannot always be guaranteed and if you have no income with a mortgage to pay, you are likely to struggle financially.

Most buy to let mortgage lenders have different calculators when assessing how much they will lend for a buy to let mortgage. It is common that the expected rental income would need to be higher than the buy to let mortgage repayments by a certain percentage. For example, your mortgage lender may require a rental income of 125% of your monthly mortgage payments.

You would normally need a larger deposit than a normal residential mortgage. Most lenders require a minimum deposit of 25% of the property's value. Loans can be arranged with a lower deposit but the rates available are likely to be significantly higher and there are fewer deals available.

As with residential mortgages, fixed mortgage rate , tracker rate and discounted rate options would need to be considered.
efore venturing into buy to let, you need to ensure that you do your research. Planning is crucial. You should research potential tenants and ensure that people will want to rent the property. Sometimes, simply asking the Estate Agent or local agents what the potential rental value would be can avoid disappointment later.

  • After you have completed your research, you need to research locations as well. Finding the property suitable for a buy to let doesn't mean that the location is also suitable. When searching for the ideal locations, look in the areas that have high business traffic, universities, shopping, schools and hospitals. These are normally the most popular areas for people wanting to rent properties.
  • When investing in your buy to let properties, ensure that you keep the future tenants in mind. Buy properties that are versatile and will meet their needs. Again, this is another area that you will need to do some research. When shopping around you could call some letting agents as if you were a potential tenant and have them give some information.
  • It may sound obvious but always negotiate the price down rather than offering at the asking price. You shouldn't be buying with the same emotional attachment that you would if this were your main home. If the price isn't right then walk away.

About Us

Footer logo

Impartial Mortgage & Protection is an Independent Mortgage Broker and Insurance Brokerage.

Head Office

Enterprise House, Ocean Way,
Southampton, Hampshire,
SO14 3XB

phone icon

02380 221700

As a mortgage broker, Impartial receives a fee from mortgage lenders, which is normally a small percentage of the loan we arrange. We may charge a fee of £200 payable on application depending on the complexity and work involved in your case. Please see your fee agreement for details of the fee charged for your case. The fee agreement will be provided prior to gaining your agreement to proceed.

Impartial Mortgage & Protection Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. Impartial Mortgage & Protection Ltd. Registered office: Enterprise House, Ocean Way, Southampton, United Kingdom, SO14 3XB. This website and its content is copyright of Impartial - © Impartial 2016. All rights reserved. Company registration number 09648996

The guidance contained in this website is subject to the UK regulatory regime and is therefore targeted at consumers based within the UK.

© Copyright 2024 Impartial Mortgage & Protection LtdWeb Design By Toolkit Websites