Buy-to-let mortgages
Buy-to-let mortgages are designed for property investors and private landlords who do not intend to live in the purchased property.
Buy-to-let mortgages
Buying additional property for the purpose of letting it to earn rental income can be risky and complicated since there is no guarantee that house prices will rise nor that rental income will be uninterrupted.
However, letting a second property to tenants could return respectable financial rewards over the longer term, but it’s important to properly consider both the risks and rewards involved.
There are a number of companies in the marketplace, ranging from well-known high street names to specialist bespoke lenders. A number of these specialist lenders do not deal directly with the public and are only available to access if you go through an intermediary. It is probably fair to say that the world of buy to let lending is a little more complicated than it is for ordinary residential lending, so speaking to one of our qualified advisers first is always a sensible choice.
There are a number of companies in the marketplace, ranging from well-known high street names to specialist bespoke lenders. A number of these specialist lenders do not deal directly with the public and are only available to access if you go through an intermediary. It is probably fair to say that the world of buy to let lending is a little more complicated than it is for ordinary residential lending, so speaking to one of our qualified advisers first is always a sensible choice.
Limited company buy-to-let mortgages
As a limited company, it is possible for landlords to avoid losing out on tax relief. While limited companies have their own pros, cons and costs to weigh up, many individuals working with property are now choosing to change their approach and register in this way.
Many high street mortgage providers are less willing to lend to limited companies, as they perceive them as riskier prospects. As many ‘limited companies’ seeking this type of loan are in fact self-employed landlords, the chances of business failure are viewed as more significant. This can make sourcing a limited company buy-to-let mortgage a potentially trickier process.
Fortunately, as the numbers of landlords choosing to register as limited companies rises, so too do the number of mortgage options and providers available to them. At Peter Richards Financial Ltd, we will look far beyond the basics of your limited company business, instead delving into details including your personal financial history and your personal income situation, in order to gain a true picture of your suitability for a mortgage.
Fortunately, as the numbers of landlords choosing to register as limited companies rises, so too do the number of mortgage options and providers available to them. At Peter Richards Financial Ltd, we will look far beyond the basics of your limited company business, instead delving into details including your personal financial history and your personal income situation, in order to gain a true picture of your suitability for a mortgage.
How can we help?
This is a rapidly changing marketplace and requires great knowledge to avoid the many pitfalls.
At Peter Richards Financial Ltd, we are able to search the whole of the market, using the latest technology, for the most appropriate offering for you. Whether you are a first-time landlord, have a large portfolio of properties or run a limited company, we have the expertise to help you.
Speak to us today
At Peter Richards Financial Ltd, we ask the questions, look into your future, give straightforward advice and find the right solution for you.
Contact us today to begin your journey – we look forward to hearing from you.