Buy to let mortgages in Stevenage

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.

We will:

• 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

Conveyancing

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!