Buy-To-Let
More and more people who are looking to secure finance for their retirement are aiming to make profitable returns over the long term by investing in property. If you intend to buy a property for renting then you will need a buy to let mortgage. The buy to let mortgage will normally be secured against the property to be let but on very rare occasions a second charge will be secured on your main residence.
The amount you can borrow is normally dictated by a number of variables but is strongly linked to the amount of rental income you might expect to receive. At The Mortgage Centre, we have access to a vast range of buy-to-let mortgages, specifically designed for borrowers who want to let their property out to tenants.
Not all buy to let mortgages are regulated by the Financial Services Authority. There is no guarantee that it will be possible to arrange continuous letting of a property, nor that the rental income will cover the cost of the mortgage.
Your property may be repossessed if you do not keep up repayments on your mortgage.
We normally charge no fees although depending on your circumstances a fee of up to 1% of the mortgage amount may be charged.