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Buy-To-Let

First time landlord or an experienced investor with an establish portfolio making sure you have the right deal could ensure you get the most from your property.

We’ve helped 100’s of clients expand their portfolios and generate an income through retirement. We’ve access to exclusive rates that will help maximise profits and opportunities. Whether you’re a professional landlord or looking to become a landlord, we’ve have 22 years experience in helping our clients generate a sustainable income.

In the ever-changing market of buy to let, having an experienced advisor to talk through the process and helping you make the correct investment decision is paramount.

Our mortgages advisors will discuss with you the process and tailor mortgage to insure you make the right investment decision

  • Expert mortgage advise which is tailored to your needs and circumstances.
  • You are fully aware of all the costs setting up this mortgage.
  • You are aware and understand all the different mortgage offers which are available to you

To discuss further on buy to let mortgages.

Please don’t hesitate to call and speak to one of our advisors.

TEL; 01257 441580

Case Example

Portfolio landlord remortgages home to save £671 per month

The director of a recruitment company approached us looking for help to reduce the monthly mortgage payments on his home. Currently paying £2,200 per month (on his lender’s standard variable rate), he was hoping to secure remortgage onto a more competitive rate.

As well as running his recruitment business, the client is also a landlord with a portfolio of 20+ properties.

Many residential lenders will not lend to landlords with large portfolios, even if they also have a “day job” and aren’t reliant on the rent for income. So, we approached a high street bank, which we know, does not make this stipulation and is happy to include both the rent and the business income when calculating affordability.

The bank offered the client a rate which would reduce his monthly payments by a massive £671.

FAQ’S

How Much Can I Borrow?

This will differ from lender to lender, some will use affordability calculators, whilst other lenders use income multiples. With an ever changing mortgage market a lenders criteria will change, so we will need to review your circumstances to determine which lender will be best for you.

How Long Does It Take To Get An Agreement In Principle For A mortgage?

In most cases 1-24 hours. Once you’ve received an agreement you’re ready to buy a property.

Explain The Level Of Service That Alexander Ross Mortgages Offers?

We’ll advise and make recommendations once we’ve assessed your needs. Everybody and situation is different, but we’ve been through them all! Thriving economies, helping people with debt and CCJ’s, small business owners and we’re accomplished at helping our customers get the mortgages they need, in these tough financial times.

Is The Lowest Rate Mortgage Deal Always The Cheapest?

No, it’s not. When we’re recommending a mortgage deal, we’ll also look at the associated fee’s within the mortgage and build these factors in. We’ll give you the true cost of the deal. Our aim is to help you work though the benefits and drawbacks of all the deals on the table, and work out the best for you.

How Long Will The Buying Process Take, From Placing A Mortgage Application, To Getting Our Keys?

Well this will be determined by the property that you are purchasing. If you purchase a vacant property and your not in a chain then it would be possible to get you keys within 4-6 weeks. However, if the property you’re purchasing is in a long chain, the process could take up to 12-16 weeks.

What Else Do I need To Consider Once I’ve Had My Mortgage Agreed?

It is important to understand that this commitment is a serious one. You’ve made it for a variety of reasons, that other life factors may need to be taken into consideration. Your need for Life Assurance, Critical Illness, Income Protection, Accident Sickness & Unemployment, Home Insurance and Private Medical Insurance, all of which can be discussed in detail and can easily be arranged for you.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE ALL BUY TO LET MORTGAGES
INCOME FROM A BUY TO LET PROPERTY WILL AFFECT YOUR TAX POSITION. ALWAYS SEEK PROFESSIONAL TAX ADVICE BEFORE YOU PROCEED