Most buy to let mortgages are not regulated by the Financial Conduct Authority.
Becoming a private landlord should not be seen as an easy way of making money. It can be riskier and more complicated. It can also be very time consuming and there is no guarantee that house prices will rise. Having said that, buying a second property to let to tenants could reap considerable financial rewards over time.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
There are 3 main differences in buy to let mortgages:
Most lenders will look at whether or not to offer you the mortgage based upon the monthly rent expected against the property value. In some cases your income is not ever considered.
Buy to let mortgages typically have slightly higher interest rates.
Typically a minimum 25% of the property’s value is required as a deposit. Some lenders will allow a 20% deposit but these usually come with a higher interest rate.
We’re more than happy to come out and see you, at a time that suits. Evenings & weekends too, if needed!
Based in Thornton Cleveleys, Lancashire, and helping clients across Lancashire and the UK.
Mortgages by Louise & Associates provides expert mortgage, protection and insurance advice. Mortgages by Louise & Associates is a trading name of Just Mortgages Direct Limited and Mortgages by Louise & Associates is the name under which we carry out these services.
Mortgages by Louise & Associates is not a business in its own right, it is part of Just Mortgages Direct Limited, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited. Just Mortgages Direct Limited was set up in 1989 and has been part of The Openwork Partnership since 2016.
The Openwork Partnership is one of the UK’s largest Financial Advice networks, with over 4,500 advisers and in excess of 700 appointed representatives based throughout the UK.
Our advisers at Mortgages by Louise & Associates will get to know your individual circumstances, establish what your goals are and what the right mortgage and protection arrangements are for you.
Disclaimer:
The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable in any other country which may have access to it.
Mortgages by Louise & Associates, 17 Victoria Road East, Thornton Cleveleys, FY5 5HT
Mortgages by Louise & Associates is a trading name of Just Mortgages Direct Ltd, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority. Just Mortgages Direct Ltd registered office: Colwyn House, Sheepen Place, Colchester, Essex, CO3 3LD Registered in England & Wales No 2412345
The Information on this website is subject to the regulatory regime and is therefore targeted at consumers in the UK.
Approved by The Openwork Partnership on 30/10/2023.