Mortgages

Buy to Let

‘Buy to Let’ is the term used for a specialist mortgage designed for people who wish to invest directly into property. These mortgages enable investors to buy a property with the intention of renting it out. Investors can benefit from an income and possible capital appreciation.

The criteria for ‘Buy to Let’ mortgages is very similar to that of residential mortgages, however rather than calculating how much you can borrow based on your income, lenders will normally base their lending on the expected rent that the property will generate. This will be assessed by a survey of the property. Lenders use different calculations to assess how much they will lend and our adviser will be able to give you advice on their individual requirements.

As purchasing an investment property is a specialist field and not suitable for everyone, it is paramount that you speak with one of our advisers to discuss your circumstances and requirements to ensure that your goals are achievable.

At Sovereign we have access to the whole market and due to our independent status you can benefit from our research in order to obtain the most suitable mortgage to meet your requirements. We will give you advice on buying a suitable property, however, we strongly recommend that you seek professional advice from a Solicitor and an Accountant concerning the legal and tax implications involved in purchasing an investment property.

We would also advise you talk to a Letting Agent about the suitability of any likely property and its estimated rental value. Please see our list of recommended professionals in ‘Useful Contacts’.

If you would like more information please contact us.

Note: Buy to let mortgages are not regulated by the Financial Services Authority.

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