Buy To Let
Whether you’re becoming a landlord for the first time or you’re looking to expand an existing portfolio you will need to take out a buy to let mortgage rather than a standard residential mortgage. A buy to let mortgage is specifically for people who are buying a property to rent out to a tenant or tenants.
How do buy to let mortgages differ from residential mortgages? :
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Interest rates are usually higher on buy to let mortgages compared to residential
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Whereas for residential mortgages your deposit could be as little as 5% of the property value you will have to pay at least 15% for a buy to let mortgage.
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Unlike a standard mortgage, where the amount you can borrow is linked to your income, with a buy to let mortgage, the lender will instead look at how much rent you could make from the property on which the mortgage is secured.
We can help you arrange a bespoke buy to let solution that’s tailored to you. Call our expert team today to find out more.
Your home/property may be repossessed if you do not keep up repayments on your mortgage
The information given in this website does not contain all of the details you need to choose a mortgage. Make sure that you read the separate key facts illustration before you make a decision. The FCA does not regulate some forms of buy to let mortgages.
Apollo Mortgages Limited are an Appointed Representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority.
Apollo Mortgages Limited are registered in England and Wales / or Scotland with company number
13611429. Registered Office: Martlet House E1 Yeoman Gate, Yeoman Way, Worthing, West Sussex,
United Kingdom, BN13 3QZ.
The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
Broker Fee Disclaimer
There may be a fee for mortgage advice. The precise amount will depend upon your circumstances and will be agreed with you before proceeding, but we estimate it will be £495.
Tel. 01273977886
Email adam@apollomortgages.co.uk
Office 5
27A Goring Road
Worthing
West Sussex
BN12 4AR
.
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