Representative Example:Mortgage of £120,000 on property valued at £200,000 over term of 25 years.Rate fixed for 2 years after which reverts to Post Office variable rate of 4.24%.
Representative Example:Mortgage of £120,000 on property valued at £200,000 over term of 25 years. Rate fixed for 2 years after which reverts to Yorkshire Bank variable rate of 4.70%.
"The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support.
As your mortgage is such an important transaction, good advice is imperative.
If you want to buy a property to rent out as a landlord, you will need a specialist mortgage for landlords, known as a buy to let mortgage. The key difference between a buy to let mortgage and a standard residential mortgage is that the lender will take into account the income that you expect to receive in rent when they calculate the affordability of the mortgage.
When you are looking for mortgages for landlords, there are a few key points that you should bear in mind during your search:
If you are planning on becoming a landlord for the first time, your landlord mortgage deal is by no means the only financial outlay that you will need to take into account. You will also need to make sure that you have planned for the following expenses:
Some factors to consider when choosing property as a landlord include:
Our dedicated whole of market mortgage team can help you to locate the right landlord mortgage deal for you – call us today on 0117 313 7780 or request a callback.
For a FREE initial conversation about your mortgage options complete our short enquiry form.
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Fair Mortgages Limited is an appointed representative of Fair Investment Company Ltd which is authorised and regulated by the Financial Conduct Authority.