A buy-to-let mortgage is a mortgage for a property you plan to rent, rather than living in it yourself – making you a landlord. As a landlord, you can start to charge rent to cover mortgage repayments and the costs of maintaining your property, which can be a profitable venture. However, purchasing a buy-to-let property has the potential to be a minefield, unless you seek professional advice.
Crawford Mulholland has many years of experience in advising on buy-to-let mortgages for clients in Belfast and further afield. Whether you’re investing in your first buy-to-let property, or adding to your portfolio, it’s important to ensure that you’re getting good advice – which is where we step in.
What are the differences between standard mortgages and buy-to-let? For a start, you will require a bigger deposit; and if you don’t already have a tenant, you’ll need to prove that your property is ready to rent before you can secure your loan.
Unlike standard mortgages, most buy-to-let mortgages have the option of choosing ‘interest only’, which means that you don’t pay anything off the capital each month, but, at the end of the mortgage term, you repay the original loan in full. At Crawford Mulholland, we will break these choices down in a way that is easy to understand, and help you to make the right choice.
The Financial Conduct Authority does not regulate some aspects of buy to let mortgages. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Have just completed yet another mortgage with Mark. Yet again, Mark has sorted everything from start to finish whilst giving me great advice and getting me the best deal, all with ease and hassle free for me.
From first time landlords, to experienced landlords with a large property portfolio, we can arrange buy-to-let mortgages for every type of client. We can provide advice on whether buy-to-let purchases are suitable for capital growth or rental yield, as well as working with reputable tax advisors, who can provide guidance on potential tax implications. Our experience in this area is second to none.
We have access to a wide portfolio of lenders, meaning we can provide you with a comprehensive service, the best deals, and ourtotal support throughout the process. Many of the best buy-to-let deals are “broker only”, meaning that they can only be secured through a broker, such as ourselves – another great reason to get in touch with us!
Get In Touch
Want expert help with a buy-to-let mortgage? Call us now on 02890 665544 to set up an appointment and let us help you to make an informed decision.