It doesn't matter if you're a first time landlord
or an established property investor, talk to our experts to get the best advice.
We have a specialist buy to let mortgage team who know all about how each lenders base their criteria.
Our buy to let team has many years of experience and industry knowledge this is useful to help maintain and grow your buy to let portfolio. We at Azembel have access to exclusive rates from lenders that will only deal with brokers like us.
AS A SPECIALIST MORTGAGE BROKER, WE ARE ABLE TO HELP YOU RAISE A BEST BUY TO LET LOAN FINANCING ON RESIDENTIAL AND COMMERCIAL PROPERTY TRANSACTIONS IN THE UNITED KINGDOMGet started
A minimum deposit for a buy-to-let mortgage is around 25% of the property's value, this however can vary between 20-40%. Most Buy To Let mortgages are interest-only. This means you will pay the interest each month, not the capital amount. At the end of the mortgage term, the original loan must be paid in full.
Once you buy a property, it is possible earn a profit in through rental yield – what your tenant's pay in rent, deducting any maintenance and running costs, like repairs and agent fees and capital growth – this is the profit you will earn if you sell the property for more than you paid for it.
Some lenders do not require any proof of income from professional landlords for Buy to Let Mortgages, the monthly rent for the property should be enough for you to sustain your current lifestyle and therefore income documentation may not be needed...
Just as you can't rent out a mortgaged residential property, you also can't usually live in a mortgaged buy-to-let property, You will have to either remortgage to a buy-to-let loan, or get consent to let from your residential lender.
We are able to help you and that you will benefit from speaking to one of our independent mortgage advisers. Please call and we will then be able to help you find the right mortgage for your circumstances.
A bridging loan works by providing funding upfront to complete on a project or a property purchase before any another credit funding can be secured against the same.The term ‘bridging’ is used, as effectively you are bridging the time frame between the two lines of credit.There are two types of bridging finance loans:
If you purchased at an auction, then you may be in a position where you need the availability of funding ASAP in order to complete on your purchase. Most traditional funding methods will nearly always take a lot longer to arrange. In this situation you could arrange a bridging loan for the short term, complete your purchase.
You could also use a bridging loan to purchase a property that needs to be developed. Depending on the condition of the property, a lender may not be willing to lend on it. You could get a bridging loan to purchase the property in its current state, renovate it to a standard that is acceptable to a lender and then apply for mainstream funding in order to repay the bridging finance loan.