E1 Buy to Let Mortgages will help you to find the most appropriate mortgage for your property. Whether you are buying your first buy-to-let property and need to find landlord mortgage or you are experienced in buy to let investment and looking to increase your portfolio, it is always a good idea to speak to a professional advisor. In the current market, when interest rates are changing on a daily basis, it can be very stressful and time consuming to find the right deal. Just fill the enquiry form and we will do the rest. We will research the whole of the market and provide you with the best quote in no time whether you are looking for a standard buy let mortgage uk or buy to let offset mortgage. Buy to let mortgages are not that much different from residential mortgages, but they are not quite same. Buy to let mortgages are especially designed for rental properties, where property owner cannot be an occupier. Buy to let mortgages have gained popularity in the last decade and now there are 100s of products available and you should be able to find the one buy to let mortgage uk, you are looking for. Residential mortgages are mainly taking into account your own income and expenditure. However landlord mortgage takes into account rental income from the property as well as your own earnings. Generally you are expected to put down a deposit of at least 15%, but larger deposits attract lower interest rates.

Rental income is important and you should know that lenders will expect your monthly rental to cover at least your mortgage payments, with majority expecting coverage of 125%. Your own income is important and should be at least £20,000 and in many cases minimum of £25,000 a year. This way lenders will be assured that you will be able to maintain mortgage payments, should you property become unoccupied. Credit checks are performed at the time of mortgage assessment and lenders are reluctant to lend money to landlords with poor credit histories. Whatever your reasons for buying a buy to let property, contact us and we will help you to make a step in the right direction, we will check whole of the market to find you the best buy to let mortgage uk. Don’t worry if you open a search engine and see different spellings like morgage to let, mortage to let they are just typing mistakes. Demand for rental properties is at all times high, first time buyers unable to get their mortgage due to lack of deposit and high property prices, foreign workers and single people, all are happy to rent. Unfortunately, based on that assumption, some areas have become oversupplied with rental properties and lenders offering buy to let mortgage uk are quite aware of the situation. Normally landlords are required by lenders to let property on an Assured Shorthold Tenancy Agreement. Also landlords are required to comply with current rules and regulations. For example responsibility to maintain the property, making sure that furniture meets fire regulation standards, electrical appliances are safe and regularly checked. In case of multiple tenants,-licence for Houses in Multiple Occupation, is required. Whether you are doing well or your buy to let business starting to feel the bite of the credit crunch, we are happy to help.