Buy To Let
Buy to Let Mortgages in Thanet, Kent
What is a Buy to Let Mortgage?
A buy to let mortgage is a loan secured on a property that will be let out to someone else. The loan can be to a person or limited company. The rates and fees are usually slightly higher than those on a typical home mortgage scheme and the amount you can borrow is dependent on the level of rent you will receive as well as your income.
We will take time to fully understand your aims and investment criteria to ensure you are provided with the most suitable deal. Thanet Associates has access to the whole of the UK buy to let market. Using our expertise, we can source the deal best suitable for your needs, avoiding the need for you to trawl through the webpages of different borrowers.
Lenders have varying terms but, typically, they can be summarised as follows:
- Repayment or interest only
- Maximum loan to value of around 80%
- Variable, fixed or tracker interest rate options
- Short or Long term
Whilst it’s important to get the right mortgage deal upfront, its also vital that you consider the risks to buy to let such as varying mortgage rates, tax changes and non-payment of rental. We can also help you understand the pitfalls of the sector to reduce the risk of financial loss.
Buy to Let mortgages are not regulated by the FCA.