Buy to let mortgages in Stevenage
Your home may be repossessed if you do not keep up repayments on your mortgage.
The Financial Conduct Authority do not regulate conveyancing
If you’re buying a property to rent out, you’ll need a buy-to-let mortgage. These differ from conventional mortgages you use to buy your own home. You’ll need a bigger deposit, you’ll face higher fees and you’ll pay a higher rate of interest.
Whether you are a first time landlord or building a portfolio of properties Mortgage Hunters can help you. Perhaps it’s important to you to buy a property for your son or daughter to live in whilst at university.
Following the changes the regulator made to guidance to lenders for providing finance to landlords with 4 or more buy to let properties, the buy to let mortgage market has become more complicated.
Coupled with the changes to the tax relief higher rate tax payers can claim on their mortgage interest, keeping expenditure has low as possible has become of paramount importance.
- Explain the buying process to you and help you understand the pitfalls that could occur.
- Explore your finances, the likely rent the property could achieve and calculate how much you could borrow and what it will cost.
- Explain why we have chosen a particular scheme and how it will benefit you.
Put everything in writing to you in a suitability letter.
- Explain other costs such as solicitors and stamp duty (including any additional duty) to make sure you have enough funds to complete your purchase.
- Show you how you can protect your investment/s and the monthly costs
Whether you are buying or selling your home, an investment property or re-mortgaging to another lender, you are going to need a solicitor or conveyancer to deal with the legal work and ensure that everything is above board. The solicitor/conveyancer is there to make sure you are obtaining a good title to the property and that any leasehold, existing charges or easements over the property are investigated and reported back to you.
Mortgage Hunters works with a licenced solicitor firm and can provide you with a fixed price quote. You will have access to a confidential on-line system available 24/7 which will allow you to log in and see how the legal work is progressing. As we have worked with this firm for a number of years, we can liaise with them to assist in making sure the process runs smoothly. You may find our solicitor could save you money.
Looking for a mortgage? Call 01438 359300 for a FREE, no-obligation initial consultation today!
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Talk to one of our mortgage advisers today with no obligation. We can help you to find you the most appropriate mortgage rate available – our mortgage advisers can find a mortgage rate that suits you from the whole of the market.
We will find the most suitable mortgage and insurances tailor made just for you.
Mortgagehunters Limited T/A Mortgage Hunters Financial Services is an Appointed Representative of Connect IFA Limited 441505 which is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference 776832.
There will be a fee for mortgage advice, the precise amount will depend upon your circumstances. Your Consultant will confirm the amount before you choose to proceed but we estimate it to be £899 or up to 2% of the mortgage amount.
Not all services we offer are regulated by the FCA
Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation.
Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender.
Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.
For sales of non-investment insurance products such as life and critical illness insurance, we are remunerated by commission from the insurance provider. Commission will normally be based on a percentage of your premium for a set period of time.