Best Buy To Let Mortgage Deals In London About Buy-to-let mortgage A Buy to let mortgage is beneficial if you have inherited a property that you want to keep but not live in, Or if you want to buy a property to rent out. Simply a Buy to Let mortgage is for purchasing a property to rent out to a tenant. A buy to let lenders accept your income into account and percentage of the rental income that you will get from letting the property. Choosing the right decision for you would not be easy. Commonly, Mortgages are financial commitments that anyone makes in their life. As such, you should always be familiar with the benefits you got from the mortgage because there are various methods to become a landlord.
Benefits of buy-to-let mortgage ● You’ll gain rental income. ● In the same term, you could yield capital growth as your money grows with the increasing value in your property. ● You’ll only pay the interest per month, not the total capital payment. ● You can take out insurance benefits to cover against loss of rental income, damage, and legal expenses. ● Buy to Let mortgages can be provided till the age of 80 or above. ● As an investment, Buy to let mortgages have much to offer a regular source of income, a possible long-term result from any increase in the property’s value.
Find the right mortgage option for you! Finding the best buy-to-let mortgage contract is a necessary part of maximizing your rental income. At UR Mortgage, we provide professional Mortgages to give you the best advice to satisfy your mortgage. Our expert advisers guide you through the whole process. Our buy-to-let mortgages will help you make a successful investment, whether you are a first-time buyer or making up your property investment portfolio.
About Us We are based in London and provide the following services all across the UK. ● Remortgage, ● Commercial Mortgage, ● Bridging Loan, ● Unsecured Business Loans, ● Auction Finance, ● Insurance. If you are willing to make a deal with us, it will be good to talk about the Buy to Let mortgages we offer and make sure you bring all the information to get started with it. We can offer you special rates to change to a new deal then – and you could borrow more additional. ● UR Mortgage even has exclusive and unique offers that are not possible to find on the high street in London. ● You can get a Mortgage on a Buy-to-Let Property with only a deposit of less than 25%. ● Homes of Multiple Occupancy (HMO) Schemes are available here with great benefits for landlords looking for growth for their investment.
● Access to all the major providers all over Hayes, London. ● Access to 120+ lenders. The application procedure for a buy-to-let mortgage is similar to applying for a mortgage to buy a home to live in, but the eligibility criteria are different. These differences usually include the amount you could borrow and how much deposit you require.
Before you apply for a mortgage, You must check ● Eligibility:- You are a resident of the UK, and your age is 18 or older to get a Buy to let mortgage. ● Income:- To borrow up to £1 million, you need an annual income of £20,000. ● Borrowing Limit:- You can borrow up to £2 million per buy-to-let property. ● Location of property:- People have different requirements for a property and location. So, you need to prefer the right property for your tenant to satisfy them. ● Credit Score:- You should have a good credit score to get a mortgage. In some cases, UR Mortgage lenders accept your application if you have a bad credit score.
Important points to be considered ● You can apply for a buy-to-let mortgage without residential property. ● A fixed-rate mortgage contracts that your payments remain the same during the specified term, even if interest rates increase. ● It is possible to get a buy-to-let mortgage with a bad credit score with UR Mortgage. ● We also provide Insurance services to protect your property, rental income, and lots more.
Need any help? If you have any queries, you can freely contact us at +44 7956298310 or visit our Website. https://www.urmortgage.co.uk/buy-to-let-mortgage