Buy To Let
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Some buy to let mortgages are not regulated by the Financial Conduct Authority
Buy to let mortgages for contractors made easy
Lenders are also imposing their own tougher restrictions on portfolio landlords. If you are adding a fourth property (or above) to your portfolio, then when applying for new finance you will now need to show full financial information for each existing property. If your existing portfolio is heavily mortgaged, this could result in you getting turned down for new loans.
If you’re still keen, the other thing to bear in mind is that any loan for Buy to Let is assessed on your self-employed profit (that’s after deduction of expenses), which is also secondary to the potential rental income from the property.
As we saw in 2017, taxation rules are always changing, so we recommend you always seek specialist tax advice before completing any purchase. But if you want to explore your options further, contact one of our specialist mortgage advisors today.
Most buy to let mortgages are not regulated by the Financial Conduct Authority
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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We aim to provide advice to those with:
- Less than 1 year self-employed
- 5% Deposit
- Less than 3 years in the UK
- High day-rate with low net profit