With our own experience of Buy-to-lets and the recent tax changes for landlords we know how important it is to maximise profit from your investment. Ensuring you have the right mortgage in place is a crucial part of achieving this, keeping costs to a minimum.
Despite the tax crackdown and changes in the mortgage process, investing in property still has a major appeal. Whether you own a single Buy-to-Let, your looking to add to/re-mortgage your current portfolio or your considering purchasing one for the first time, we can help.
Following recent changes to Buy-to-Let underwriting, lenders now define portfolio landlords as those with four or more mortgaged properties and assess applications using a specialist underwriting process. Each property requires its own mortgage with lenders now applying stricter affordability criteria taking into consideration landlords overall business plan. For this reason it is important to get the best independent mortgage advice.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.