Buy-To-Let Mortgages
If you are looking to purchase a property to rent out to tenants instead of living in it yourself, then a buy-to-let mortgage may be the most suitable product for you. Whether purchasing your first or next investment property, Rosewood can help you navigate the complex buy-to-let mortgage market. With simplicity at the heart of our financial advice, we can guide you through each stage of the mortgage process until completion and beyond.
Looking to invest in your future?
At Rosewood Wealth Management, we are not satisfied until you have a clear understanding of the process, benefits, risks and costs involved with buy-to-let mortgages. Our mortgage experts will help you find the most appropriate product for your buy-to-let project and get you on the right track to investing in your future.
How we can help you
At Rosewood, we believe in providing all of our clients with a truly individualised financial advice service. We are here to help and guide you to find the ideal mortgage for your buy-to-let investment.
If you’re considering obtaining a buy-to-let mortgage, Rosewood can support you every step of the way and help you achieve your buy-to-let property investment objectives.
Ready to invest in your future?
Contact Rosewood now
Your home or property may be repossessed if you do not keep up the repayments on your mortgage. The value of property investments and income from them can go down as well as up and investors may not get back the amount originally invested.
The value of a property is generally a matter of opinion and the true value may not be recognised until the property is sold. It may be difficult to sell or realise the value of the property in adverse market conditions.
F.A.Q.s
Frequently asked questions
What is a buy-to-let mortgage?
A buy-to-let mortgage is a type of mortgage specifically designed to facilitate the purchase of a property to rent out to tenants.
Why is a buy-to-let mortgage different from a standard mortgage?
Because buy-to-let mortgages are considered to be of a medium to long-term investment risk, the fees and interest rates tend to be higher than that of standard mortgage products.
Unlike most residential mortgages, the minimum deposit for a buy-to-let mortgage typically can be anything from 25% to 40% of the property’s value. This depends on the lender’s assessment of your financial circumstances including how much rental income your property is expected to generate.
Depending on your specific circumstances, buy-to-let mortgages can be taken out on a repayment or interest-only basis. To determine which mortgage deal is most suited to your unique circumstances, it is important to speak with an expert financial advisor at Rosewood.
What should I consider when purchasing a buy-to-let property?
When looking to purchase a buy-to-let property, there are additional costs to consider such as stamp duty, property surveys and legal fees. Depending on how your property is held, tax may be payable on your rental income, minus day-to-day running costs.
The condition and energy performance certificate (EPC) rating of your property may result in additional home improvement costs. It is always advisable to secure landlord’s insurance and carry out annual safety checks on the property’s appliances.
Can I live in my buy-to-let property?
You cannot live in your buy-to-let property as they are designed for landlords to let out their property to occupying tenants. If you want to live in your property, you’ll need a standard residential mortgage or a consent to let agreement on an existing residential mortgage. Speak with a mortgage specialist at Rosewood to understand your mortgage options.
Start your mortgage planning journey now
As experts in the mortgage industry, we know that everyone’s circumstances are unique. By taking a personalised approach to mortgage planning, we aim to empower you to secure a future-proof mortgage deal that is appropriate for you.