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Let us source the best deal for you |
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90% Deals |
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10% deposit on buy to lets |
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Buy to let's are becoming an increasingly important part of the market. They are estimated to be 9% of the value of all UK mortgage balances. With evidence of “strong tenant demand, rising rents and falling void periods, buying to let looks set to continue to remain popular and successful”
(Michael Coogan, Director of the Council of Mortgage Lenders).
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At Fee-Saver Mortgages we have access to lenders who will lend 90% buy to let mortgages against the value of a property. Lending criteria is often more flexible for applicants who have a mortgage track record. |
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Deposit Available |
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No Broker Fee
Whole of market
In house packaging
Professional administration
Part of the Complete network
Decades of experience |
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At Fee-Saver Mortgages a great deal of our business is geared around helping existing landlords to release equity from their current portfolio and to put funding lines in place to make available the deposits required to buy more property. |
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Buy To Let Criteria |
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| Pitfalls of Buy To Let Mortgages |
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| Lenders and their niche specialities |
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| Testimonials |
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Purchasing Buy-To-Let Properties
Buying to let can seem like a complicated process, so to help you we’ve developed a checklist to make sure that you stay on track:
- Work out how much you can afford to invest, not forgetting to allow for additional expenses including stamp duty (* see table); solicitor’s fees; and mortgage related arrangement/survey fees. You will need at least a 10% deposit to secure a buy to let mortgage.
- Do your homework- research the areas that you are interested in buying to let. Speak to a number of local letting agents to get a feel for the types of property that are desirable and profitable to rent out. Question the agents as to how much rent the property will realistically achieve, and if you are not keen to manage the property on a day-to-day basis get quotes to build into your costing.
- Speak to Fee-Saver Mortgages Ltd to discuss your buy to let mortgage options based on the property that you are interested in. We will need to know the purchase price, the amount of deposit that you are looking to put down and the rent that the property will achieve when let.
- When your offer is accepted instruct a solicitor to act for you- if you don’t have someone that you know, ask friends and family for a recommendation.
- Stay in touch with the vendor’s agent and your solicitor to make sure that you are kept in the loop as to how things are progressing.
- Fee-Saver Mortgages will try to facilitate the transaction for you by chasing up the survey and any required references, as well as liaising with estate agents and solicitors.
- Contact Fee-Saver Mortgages for quotes for building’s insurance so that you have cover in place when you exchange contracts.
*
- Up to L120,000- nil
- L120,001 to L250,000- 1%
- L250,0001 to L500,000- 3%
- More than L500,000- 4%
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| Buy To Let Home | Rates |UK Market | Maximizing Borrowing | Contact Us |
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