Remortgaging is an excellent way to potentially save money, by finding yourself a better mortgage deal with lower interest rates and monthly repayments. When your initial fixed rate ends, you will then go on to the Standard Variable rate (SVR) which is usually alot higher than your initial interest rate, causing monthly repayments to increase but also fluctuate due to the interest rate being variable, meaning in can go up and down at any time.

If you find that your property value has increased, you may also find you qualify for a lower loan-to-value (LTV) band, meaning you have access to better interest rates. We search the whole of market to find the best rates available to you and will proide you with a comparison as to whether it will benefit you to remortgage. It can also be a great way to proide peace of mind, knowing your mortgage payments will be fixed again for a certain term so you can rest assured knowing your payments will no rise.

Whether you’re looking to begin your adventure as a new landlord, adding to your existing portfolio or simply remortgaging for a better rate – we can help. Our whole of market proposition will ensure you get the best rates available to you.

A minimum deposit of 25% is generally required and the maximum you can borrow is linked to the amount of rental income you will receive. Lenders typically require the rental income to be 25–40% higher than your mortgage payment in order to meet their affordability critieria.

Typically, landlords choose interest-only buy to let mortgages due to the monthly repayments being less, however you can choose a repayment buy to let mortgage if you prefer. We’ll also discuss whether it’s more beneficial to take out an interest only or repayment mortgage and compare monthly repayments to establish which approach is more suitable for you.

Like any investment, buy-to-let mortgages can be a risky so it’s important to assess whether you can afford to take the risk and also keep up your mortgage repayments even when the property may not be tenanted.

Due to the changes in Stamp Duty Land Tax, it’s important to consider how the additional costs will impact you and whether your buy-to-let property will be a profitable investment, which we can assist you with.

Obtaining a mortgage is difficult when you’ve got a bad credit rating, defaults, County Court Judgments, or a bankruptcy on your record, however it’s not impossible.

During the Decision in Principle (DIP) stage of the process most lenders will require carrying out a credit check. Any record of adverse credit on your profile will potentially go against you, some more than others depending of the severity of the case and how long ago it happened.

Typically most high street banks will refuse to lend to anybody with adverse credit such as CCJs, defaults and bankruptcy. As an alternative, it is possible to apply with a specialist lender who consider applicants with adverse credit. We’ve helped many clients with bad credit obtain a mortgage, so rest assured it’s not impossible, however the process tends to be more lengthy and lenders will require information and expanations about the events that have casued you to get into financial difficulty, so it’s important to have all information to hand. 

Interest rates for adverse mortgages tend to be higher, so you may find that affordability tends to be lower.

Using an adverse lender can be a potential option to help repair your credit history and help get you started. If you maintain your monthly mortgage repayments and can demonstrate good financial management, you will find that your credit score increases over a period of time meaning you may be able to re-mortgage with a high street lender.

Obtaining a commercial mortgage is based on the ability of your business to make the repayments, which you’ll need to be able to prove to potential lenders. This is generally done in the form of a detailed business plan and forecasts which demonstrates that you can meet these repayments. Ideally you will have an existing successful trading history which will also work in your favour. These types of mortgage typically require a deposit of around 25% to 40%.

Commercial mortgage interest rates will vary according to the lender and your individual requirements, with strict underwriting procedures and affordability assessments in place. Interest rates and Initial fees for commercial mortgages are a typically higher than that of a standard residential mortgage and will vary from lender to lender, so it’s important to take this in to consideration.