Buying a property for investment has proved to be a very popular choice for people who are not currently getting a return on their savings and is also seen as an alternative for people who have little or no pension provision.
Here at ‘bfp mortgages’ we have access to a large number of buy-to-let mortgages and can provide mortgage advice and help recommend to you the most suitable option for your circumstances.
Generally you will require a minimum deposit of 25% in order to qualify for a buy-to-let mortgage, however there are a few lenders that would consider just a 20% deposit.
Although the amount you can borrow with a buy-to-let mortgage is determined by the rental income the majority of mortgage lenders also require that you have a minimum level of personal income generally £25,000 per annum.
At the same time as discussing your mortgage options we can also recommend any protection you may also need such as Landlords Insurance.
Please request a callback or send an enquiry today to see how bfp mortgages ‘the property finance experts’ can help you with purchasing a buy-to-let mortgage.