As an Independent Buy to Let Mortgage Broker Fox Davidson Arrange All Types Of Buy To Let Mortgages Including; HMO's, Multiple-Units Under One Freehold, Ltd Company Buy to Lets And Property Portfolio Finance.
A Guide to Buy to let mortgages
Fox Davidson are an independent buy to let mortgage broker. We secure all types of buy to let mortgages including houses of multiple occupation (HMO’s), student lets & Limited Company Buy to lets.
As an independent buy to let mortgage broker we have access to thousands of products.
What is a buy to let?
A buy to let mortgage is a loan on a property that you will rent to to a tenant for a monthly income. A buy to let
How Much Deposit Will I need for a buy to let?
The majority of buy to let mortgage lenders require at least a 20% – 25% deposit. The deposit required will also be affected by the loan amount a lender will lend. The amount you can borrow is based on the annual rental income the property will achieve. Some lenders will also use your income to increase the amount you can borrow.
Should I Buy in Personal Names or Use a Ltd Company?
Tax changes to buy to let income have resulted in more landlords buying in the name of a Ltd company. Before you decide how you will proceed you should consult your accountant or a tax specialist. Fox Davidson secure buy to let mortgages in your own name and in the name of a limited company.
Changes to stamp duty have resulted in an increase of 3% to stamp duty rates for any client owning more than one residential property.
Before considering investing in property you should consider:
Why are you investing in property, is it to provide an income or is it for capital gain, perhaps it is both?
How long will you hold the investment?
In what entity will you purchase the property, will it be held in your personal name, a limited company or held in a pension fund.
What type of property will you purchase?
How will you manage the property?
Fox Davidson – Buy to let Mortgage Broker.
Fox Davidson provide quality, independent buy to let mortgage advice. We will discuss all the above options with you and can refer you to professionals such as accountants and solicitors that can provide you with advice to help you make an informed decision.
With access to the whole of the market, we can help clients fund property cost effectively and with a clear investment plan. Fox Davidson secure finance for first-time landlords through to seasoned professional property investors.
We work with lenders including high street banks, private banks and broker only lenders to bring our clients market leading terms.
We take a time to understand your current situation as well as your long-term goals for your investment and ensure that our advice is tailored to each individual situation.
If you have a property portfolio and require property portfolio finance then please look at our Portfolio Management Service. You should also be aware of the PRA Changes affecting landlords with 4 or more buy to let properties.
To discuss your buy to let requirements please email [email protected] or call an adviser today.