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Buy To Let / Finance
Available |
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Fantastic yields still
available & finance available from 4.5% pa
Buying property to let is increasingly popular. Low
interest rates have made mortgages more affordable, and rental income look
attractive compared with what you can earn on other investments.
«Send an enquiry to QMH»
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I want to buy to let - can I get a
mortgage? |
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The answer is almost certainly yes in every case.
Whether you are at present a home owner or not, all buy to let lenders do not
look to your financial ability to pay the mortgage but look to the rental
income. All we need to prove is your ability to support your own lifestyle from
separate funds other than the rent. We can apply in principle prior to you
deciding on a property with no cost to you. |
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What is special about a buy to let
mortgage? |
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They will require a minimum of a 15% deposit and the
beauty of buy to let mortgages is that you can have literally dozens of buy to
let mortgages without it effecting your ability to borrow on your own main
residence. |
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How much can I
borrow? |
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In general terms there is no limit to the amount you
can borrow provided the loan to value ratio does not exceed 85%.Most Lenders
have a minimum loan limit of £30,000. |
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Buy To Let Interest
Rates |
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The rates offered are typically very slightly higher
than residential mortgage rates. However, there are still fixed and discounted
schemes available in the same way as residential mortgages. |
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Can I buy more than one
property? |
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Yes, this is not a problem. Most lenders will consider
up to a minimum of 6 properties. Other lenders have no limits at all, so the
extent of investment in residential investment property is limitless.
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Can I get tax relief on a buy to let
mortgage? |
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Yes, all your interest payments and in most cases
expenditure on the property are allowable against the rental income. It is an
extremely efficient tax vehicle. |
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 Quality Managed
Homes
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Portland House · 211 Portland Road ·
London SE25 4UY
Tel +44 (0)870 403 0013 · Fax +44 (0)870 130 8838
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To apply, all applicants must be a minimum of 18 years
of age and a guarantor is required who must be a homeowner |
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