Buy to Let Mortgages For Property Portfolio
If you’re a landlord who has or is planning on having more than one buy to let property, then you’re probably thinking about what mortgage options are available to you.
Portfolio mortgages are designed specifically for landlords who want or have more than one property in their portfolio.
Benefits of buy to let portfolio mortgage
In addition to making it easier for landlords to manage their property portfolios, buy to let mortgages also has a number of other benefits that landlords can take advantage of.
• You might be able to borrow more than the property’s value – As income from rental and loan to value is averaged across the entire mortgage portfolio, landlords can take advantage of any excess income from rentals or equity to contribute towards the purchasing of additional properties.
• The mortgage portfolio can be treated as a singular account –Whilst the mortgage portfolio may incorporate a number of different interest rates, it can still be treated as a single account regardless of how many properties are within the portfolio. This means there is only one direct debit mandate and mortgage statement for the whole portfolio.
• Equity can be spread across the product portfolio
• Buy to let portfolio remortgage –Often, lenders will allow a landlord to borrow up to 75% of the portfolio’s value without proof of the rental income.
Deciding to expand your product portfolio is a big investment decision, and as a result the risks and costs should also be taken into consideration.
In addition to this, we suggest that you seek advice from a mortgage broker before making the decision to increase your products portfolio. That’s where we can help!
Our buy to let portfolio mortgage service
We have an expert buy to let portfolio mortgage advisory team, who are experienced helping experienced buy to let investors achieve their mortgage goals and helping them to make the best decisions for their future.
We provide a whole of market service, which means we work with most UK lenders and have access to leading portfolio mortgage rates that you will not be able to find on the high street.
If you would like to find out how fair mortgages can help you, fill in our online contact request form to request a call back for a free initial consultation with a fair mortgage advisor, or call us today on 0117 403 4222.