CALL US on: 01698 571-160
Choose the best mortgage solution for you with valuable fixed-rate loans from our business in Lanarkshire and central Scotland. Let us take the weight off your shoulders with our buy-to-let mortgages, which are only suitable for investment properties. We will recommend the right solution for you from buy-to-let mortgages across the wide range of lenders including from lenders who offer mortgages only through mortgage brokers.
When it comes to regular domestic home loans, there are many products on the market ranging from special offer deals to fixed- and variable-rate loans. With a buy-to-let mortgage, some lenders only consider your rental income, and others place more emphasis on your normal earnings, especially when you only have one or two rental properties. To find out more about buy-to-let mortgages, contact us by clicking here.
Your expected rental income must exceed your mortgage repayments by a certain percentage. Your mortgage lender may require a rental income of between 100% and 130% with the most common percentage being 125% at this time. Your lender will also want to establish whether the property you are buying is a good long-term investment, and buy-to-let mortgages are subject to the usual status checks. Generally buy-to-let mortgages are available for between 5 and 45 years and for up to 80% of the property value.
When considering a buy-to-let mortgage, it is necessary to think about additional costs such as letting agent's commission, insurance premiums for building and contents cover, and rental and legal expenses. You should also consider the costs of keeping the property in a suitable condition for letting, service charges, and ground rents when the property is leasehold. Additionally, not all forms of mortgage are regulated by the Financial Conduct Authority.
01698 571 160
01698 571 166
One Stop Mortgage Consultants Ltd. 60 Wellgate Street, Larkhall, ML9 2AG. Registered Office in Scotland under number 270194.
One Stop Mortgage Consultants Ltd is an Appointed Representative of The Right Mortgage Ltd who are authorised and regulated by the Financial Conduct Authority. FCA number 649443. Registered in England and Wales no. 08130498. Registered Address: St Johns Court 70 St Johns Close Knowle, Solihull B93 0NH United Kingdom 01564 732 744
We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. Our advice is covered under the Financial Ombudsman Service (www.http://www.financial-ombudsman.org.uk/consumer/complaints.htm). You may be able to submit a claim through the EU Online Dispute Resolution Platform (https://webgate.ec.europa.eu/odr/main/?event=main.home.show if you live outside the United Kingdom or if you prefer not to deal directly with the Financial Ombudsman Service.) Some forms of Buy to Let Mortgages are not regulated by the Financial Conduct Authority however the information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK. Your home may be repossessed if you do not keep up repayments on your mortgage.