Buy to Let
Buy to let mortgages can be harder to secure now than in previous years, with lenders requiring larger deposits of around 25% of a rental property’s value in return for a buy to let mortgage. Recent changes in legislation means that you will be paying a higher rate of stamp duty for an investment property too.
When you apply for a buy to let mortgage, the amount a lender will be willing to offer will depend on the property’s rental yield. Therefore, it’s essential that you do your homework and ensure your expectations are realistic before applying for a buy to let mortgage. That’s why it’s best to speak to JBM Mortgage Brokers for the right advice on Buy to let mortgages.
There are plenty of competitive deals on the market, so talk to us to find out which deal is right for you. We also have access to providers who can lend where renovation is required and even where the property isn’t currently habitable.
Get in touch today to book an appointment or call us now on 01792 814888