If you’re planning to buy a property and let it out to a tenant, you will need to secure a buy-to-let mortgage. This is a mortgage for purchasing or refinancing property that is rented out to tenants, as opposed to the borrower living in the property themselves. Although they tend to be more expensive than a typical mortgage for a residential property, with higher interest rates and arrangement fees, securing a buy-to-let mortgage enable you to invest in property and build your portfolio as you look to move up the property ladder food-chain.
Whether you want to purchase a property or remortgage one you already own, at Mortgaze we have services that cover the entire market. With access to exclusive fixed and variable rate products, we can provide loans from £25,000 to no maximum limit, as well as mortgages with low fees, no ERCs and no minimum income requirements and up to 85% LTV.
We also cater for interest only options and we are experienced in working with applicants who may suffer from some adverse credit history. If you’re looking to borrow in England, Wales, Scotland or Northern Ireland, Mortgaze can help you to secure the most appropriate buy-to-let mortgage for your property.
With so many different buy to let mortgage deals to choose from, it’s not always easy to work out which one is going to be the right choice for you. At Mortgaze, we’ll scour the terrain in order to get you the best possible deal.
In order for you to get a proper, in-depth understanding of the mortgage service that will best suit your current requirements; we would be very happy to arrange a free personal consultation with you.
The scenarios highlighted above are those that we most regularly receive requests in assistance with. It is simply for you to get a better understanding of the areas we commonly deal with. Contact us to for a more personalised search of the market based on your individual circumstances.
There are several buy-to-let mortgages to choose from, depending on your circumstances and the type of property you’re interested in. Maybe you’re a first time buyer or first time landlord or looking to refinance your existing buy to let property portfolio, we can offer you the best buy-to-let mortgage rates. Here are the different types of mortgage we offer.
With this type of buy to let mortgage, you can purchase a property to rent out through a limited company. If you are considering to refinance or invest through a limited company, we have access to wide range of limited company buy to let mortgage products.GAZE MORE
Ideal for the experienced landlord, HMO and multi-let buy-to-let mortgages allow you to purchase a residential property with the intention of letting it out to several tenants, who will all live in the property together and share facilities such as kitchens and bathroomsGAZE MORE
From first time landlords who haven’t purchased a residential property to rent out before to first time buyers who have never purchased a property before can do so and rent it out with this type of mortgage. We're committed to help & secure your ideal mortgage.GAZE MORE
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We are happy to answer your queries on the phone or in person but here are answers to some of the most frequently asked questions we receive regarding buy to let mortgages for limited companies.
From April 1 2016, anyone purchasing an additional property must pay an extra 3 per cent stamp duty. Click here to calculate how much stamp you will pay to purchase a buy to let property. Please note that new rates are applicable to both Individual and companies buying a buy to let property or second home. There is no exemption if you purchase a buy to let in a limited company.
From April 2017, if you are subject to income tax, you will have a restriction applied to the relief you receive on the finance cost of running your rental business. This will apply to interest paid on any debt, as well as the cost of running your rental business. The restriction will be phased in from 6 April 2017 and fully implemented from 6 April 2020.
One option is to incorporate your property business as the income tax provisions restricting the deduction of interest cost related to residential property will not apply to companies. If you are considering purchasing your next buy to let property through a limited company or looking to refinance a limited company buy to let mortgage, we have access to wide range of lenders and products offering limited company buy to let mortgages. Please click here to gaze more.
If you are considering investing in Buy-to-Let properties through a Limited Company, it is important that you understand the advantages, disadvantages and responsibilities associated with company ownership before making a decision. At Mortgaze we always suggest that you take full financial and legal advice before proceeding.
The Bank of England’s PRA (Prudential regulatory authority) has set out new guidelines on rental stress test for buy to let mortgage. A rental stress is method which is applied by lenders to calculate your maximum loan amount based on the rental income from property. The broad guidelines are:
We have buy to let mortgage product to borrow up to 85%. So you can secure a buy to let mortgage property with a minimum 15% deposit.
To calculate this amount, a lot depend on the rental income from the property. Use our buy to let mortgage calculator to get an indicative figure.
To find out how much your buy to let mortgage and bridging loan will cost, use our latest best buy table. You can also use our buy to let calculator to find out how much you can borrow based on the rental income from a buy to let property. Contact us to for a more personalised search of the market based on your individual circumstances.
From how much you can borrow to how much it will cost ? Try our calculators to help you answer those initial queries.
These calculators are for illustrative purposes only and is not a mortgage offer. This is a guide to how much you'd pay each month. The exact amount will depend on the type of mortgage, lender and your individual circumstances.
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