Buy to Let Mortgages
Buy to let mortgages made easy
Want the best buy to let mortgage rate? Speak to me and let me compare the whole buy to let mortgage market to find you the perfect deal. I work with every buy to let lender, some of which you just won't find on a mortgage comparison website as they only work with mortgage brokers and intermediaries.
Blueberry Mortgages - buy to let mortgage specialists
Whether you're just thinking of entering the buy to let market or are an experienced portfolio landlord, I can help you find the best buy to let mortgage and ultimately save you time and money.
I offer a completely free, no obligation buy to let consultation so get in touch and tell me what you would like to achieve and I will show you how easy it can be.
Buy to Let Mortgage FAQ's
What is a buy to let mortgage?
A buy to let mortgage, like a residential mortgage, is a loan that is secured against a property but, unlike a residential mortgage, a buy to let lender will assess the affordability of the loan on the expected rent rather than your income.
Will I be able to secure one?
Suitability for a buy to let mortgage depends on many factors but as a rule of thumb if you have a good credit history, a 15% deposit and the rent is comfortably more than your monthly mortgage repayments then there’s a good chance you will get a mortgage. But even if you don’t tick all the boxes there could still be a mortgage for you, get in touch and I will let you know what your options are
What interest rate will my mortgage have?
That is impossible to say without first finding out a little about you and the property you wish to buy. But don’t be fooled into thinking the headline rate is the most important aspect of a buy to let mortgage as you may be able to get a rate as low as 1.49% but if the arrangement fee is £2,999 (not unheard of) then you could save money taking a loan with a higher interest rate but lower arrangement fee
How much deposit will I need?
You will need at least a 15% deposit in order to secure a buy to let mortgage but mortgage lenders base their decisions on risk and the more money you have to invest in a deposit the less risky the proposition for the bank and hence the lower the rate is likely to be
What if I have a poor credit history?
Although it will limit the lenders willing to consider you for a mortgage there are a number of specialist buy to let lenders who are more than happy to consider all sorts of adverse credit records including missed payments, defaults, CCJ’s and even worse. Get in touch and I will give you an idea of what’s available to you
Can I get a BTL mortgage if I don't own a property?
Again, it makes things more difficult but that’s not to say there isn’t a mortgage just right for you. As long as you have the money for a deposit and the property you wish to secure it against is a viable rental investment then I can probably help find you a mortgage
What if I can't get a mortgage right now?
If, for any reason, you aren’t able to get a mortgage at the moment I will explain to you the reasons and work with you to make sure you are soon in a better position in order to fulfill your property investment goals
Why Use a Mortgage Broker
Although I offer a completely free, no obligation mortgage consultation there is a charge if you would like me to apply for a mortgage on your behalf, so why use a mortgage broker instead of going direct to a high street bank?
Making the wrong choice about your mortgage can cost you hundreds – even thousands of pounds – more than you need to pay. And because mortgages are awash with additional fees and charges, it’s all too easy to get tripped up. That’s why it makes a lot of sense to go with a mortgage broker.
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Mortgage brokers possess a wealth of valuable market knowledge and experience, in addition to having to be formally qualified to give advice on financial products. And independent mortgage brokers help you find the best mortgage deals available on the market – not just from a single provider.
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They know which lenders are comfortable with unusual circumstances and they will offer advice and guidance throughout the mortgage process, they will also act as your advocate with the mortgage lenders, making it less stressful. They are also particularly useful if you are in an unusual position.
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They might have exclusive deals with lenders, not otherwise available and they’ll help you take all the costs and features of the mortgage into account, beyond the interest rate. They often complete the paperwork for you, so your application should be dealt with faster and should only recommend a mortgage that is suitable.