Mortgage advice made easy
The Mortgage Broker Ltd deals is a multi-award winning nationwide mortgage broker who will provide you with a superb FREE advice and no obligation service. Our highly experienced mortgage advisers are able to offer expert, comprehensive advice to all landlords, helping you start or grow your property portfolio with confidence. This page is designed to help guide you through your mortgage options.
We are the resident Mortgage experts here on Property Forum. If you are you looking for Buy-to- Let or residential Mortgage advice or want to know about Equity Release, Capital Raising or Interest Only Mortgages then you are in right place. For FREE advice from experienced experts, use this page or chat to us in our dedicated Mortgages forum.
RECENT NEWS IN BUY-TO-LET MORTGAGES
Recent years have seen low interest rates which have made buy to let mortgages much more attractive. Strong rental markets, particularly in university towns and cities, and low interest rates have resulted in an increase in the number of investors wanting to add property ownership to their portfolio. Buy to Let mortgages are a great way to diversify investment or supplement pension income with regular rental contributions.
Buy-to-Let products include deals which have been specifically tailored by lenders to suit first time landlords, limited companies, properties in need of light refurbishment and Houses of Multiple Occupancy. Some Buy to Let mortgages are now being offered on deals up to 80% for both purchases and remortgages. Read more about Buy-to-Let Mortgages.
INTEREST ONLY MORTGAGES EXPLAINED
As its name suggests, an interest only mortgage means you only repay the interest rate attached to your loan, not the actual loan itself. The flexibility of interest only mortgage rates mean that they are a popular choice for landlords who rent out multiple properties who would prefer not to sink too much investment into capital repayments. If they can secure a rate of monthly rent from the tenants that are greater than the interest only payments, then the investment will pay for itself.
The risk factor to bear in mind with interest only repayments is that the value of the property is not guaranteed to increase, but could fall instead. If this happens, the owner may have difficulty repaying the full balance of the loan. Lenders may require you to have a higher percentage of equity in the property before they agree to an interest only payment plan. Read more about Interest Only Mortgages.
Need advice and guidance on a more specialist mortgage?
Mortgages for the over 50’s
Did you know mortgages are available up to the age of 95? Becoming a landlord over the age of 50 is perfectly achievable with the right advice.
Need a Residential Mortgage?
At The Mortgage Broker Ltd we cater for all types of enquiry. The most frequent enquiry we receive is the residential enquiry for a new house purchase or re-mortgage.
Could you use Equity Release?
Equity Release represents an opportunity to release cash (tax free) that is tied up within your property, without having to move home or make additional interest payments.