Independent Buy-to-Let Mortgage / Remortgage Advice

Buy-to-Let Mortgages
We are qualified to provide complete and unbiased advice on all types of mortgages and remortgages.

Our mortgage sourcing technology and lender relationships enable us to research the ‘Whole of Market’. Whether you’re a buying a property or remortgaging an existing property, we can help you choose a suitable mortgage.

How much can you borrow?
Most Lenders make an affordability assessment when calculating how much they are prepared to lend you. Each lender will have its own method; typically lenders allow people to borrow a maximum of up to 85% of the property’s value. The size of the loan is usually linked to the rental income.

Your choice of mortgage
You can choose to pay your mortgage back in the following ways: 
  • Repayment mortgages - Every month, your payments to the lender go towards reducing the amount you owe as well as paying the interest they charge.
  • Interest-only mortgages - As the name suggests, your monthly payment only pays the interest charges on your loan - you're not actually reducing the loan itself. This is why it's very important you arrange some other way to repay the loan at the end of the term i.e. a savings contract etc; or
  • A combination of the two.
You may be able to choose between fixed rate and variable rate mortgages. Fixed rate loans will give you some certainty about your mortgage repayments whilst variable rate loans could move up or down. You should also remember that your mortgage payments could rise if interest rates rise, depending on the type of mortgage you have.

Don't forget your potential future Tax liability
You may have to pay the following taxes -
  • Income tax on your rental income
  • Capital Gains Tax on a percentage of the profit when you sell it

Please be aware
There is no guarantee of continuous letting or that the rent will be enough to cover the monthly mortgage costs and, therefore, repay the mortgage.

Fees and costs
We will provide you with an illustration document which clearly sets out the costs of your mortgage.

In most cases the Financial Conduct Authority don't regulate Buy-to-Let Mortgages. This means you may have less protection if things go wrong with a Buy-to-Let Mortgage. Take care to ensure that the Adviser you are dealing with has the experience that you require.

We are regulated by the Financial Conduct Authority and advise on non-regulated Buy-to-Let Mortgages in a similar way to regulated Mortgages.

Choosing from all the different types of Mortgages, interest rates and repayment methods available can seem like an obstacle course – we give totally unbiased advice, from the ‘Whole of Market’ so let us help you make the right decision.

Please contact us for all your Independent Buy-to-Let Mortgage advice
 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

BUY-TO-LETS, COMMERCIAL LOANS AND FINANCE, BRIDGING LOANS AND SECOND CHARGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. 

The guidance and/or advice contained within this website are subject to the UK regulatory regime, and are therefore targeted at consumers based in the UK.
Grange Financial (Sussex) Ltd is a member of Best Practice IFA Group Ltd which is authorised and regulated by the Financial Conduct Authority. The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk. Details can be found at https://register.fca.org.uk/ under reference number 229110. Grange Financial (Sussex) Ltd is registered in England, no. 4502151. Registered office 88 Boundary Road, Hove, East Sussex, BN3 7GA.