Buy to let mortgages in Henley-on-Thames.
A buy-to-let mortgage is designed for borrowers who want to invest in the property market and purchase a property to rent out to tenants.
A buy-to-let investment can be viewed as a long-term opportunity for profitable returns and as a way of securing finance for retirement. There are many competitive mortgage deals available that are specifically aimed at those buying to let.
When you take out a buy-to-let mortgage, you will be expected to meet certain criteria:
- you will be required to put down a deposit (typically larger than for a standard residential mortgage) – roughly 25% of the property’s value
- your expected rental income will usually need to exceed your mortgage repayments by a certain percentage – e.g. your lender may require a rental income of 125% of your monthly mortgage payments. However, some lenders are more flexible.
We have experience of working with a range of buy-to-let customers, whether buying their first property or their 50th.
Clients who have more than five buy-to-let properties need advisors who are experienced in placing this type of business. We have personal relationships with a range of lenders that offer clients this type of financing.
Please remember that it is the borrower’s ultimate responsibility to ensure that the mortgage payments are made, whether there is a tenant in the property or not.
We are experienced in let-to-buy mortgages and work with a wealth of clients in need of let-to-buy products. We can advise you on the best mortgage for your circumstances.
For Buy to let or Let-to-Buy mortgage advice in and around the Henley-on-Thames area please call IMS on 01869 248339 or email firstname.lastname@example.org