If you are buying a property to rent out, or re-mortgaging an investment property; you will need a specialist mortgage, because in most instances you cannot have a residential mortgage for this purpose. Finding such a mortgage can be difficult as many lenders have become much stricter about the certain types of mortgages that they are willing to provide.
Many buy to let mortgages are not available on the ‘High Street’ and can only be accessed by specialist advisers like us. The amount that you can borrow will depend on rental income rather than your salary but many lenders now insist on a minimum annual salary as well.
TIMC will guide you through the options wether you are interested in buying or looking to re-mortgage your investment property.
For more information please contact us.
Your home/property may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. Some buy to let mortgages are not regulated by the Financial Conduct Authority.