BUY TO LET MORTGAGES

IN COLCHESTER, ESSEX

Buy to Let is a mortgage agreement set in place for those who are looking to invest in the property market. This will assist in generating a second income. It can also be a good way to make profit on the property value.

What is the difference between a residential mortgage and a Buy to Let Mortgage?

  • The interest rates on a Buy to Let mortgage are slightly higher than residential mortgages

  • The minimum deposit on a Buy to Let property is currently 25% of the property's overall value

  • Buy to Let can be affected on an interest only basis although Full Repayment options are also available

Who can get a Buy to Let Mortgage in Colchester, Essex? 

You will be able to apply for a Buy to Let mortgage in Colchester, Essex.

 

  • To achieve the market leading products, it would be ideal to have a good credit score. Although we can still help if you have had any historical issues

  • You’re looking to invest in a new property  

  • No minimum income requirement

  • You also do not need to be an owner of a property to be approved for a Buy To Let Mortgage

 

A Buy to Let Mortgage is for individuals who are interested in becoming a landlord and investing their money in property. A Buy to Let mortgage allows you to buy a property and even effect it on an Interest Only Mortgage. Repayment on a Buy To Let Mortgage is also readily available. We will make the application process easy for you and if you are interested on investing in the property market contact us now for Fee Free Independent Mortgage Advice.  

How much can you borrow on a Buy To Let Mortgage in Colchester, Essex?

This will completely vary between each application. Each lender has their own individual calculator that will determine how much they will lend you. These calculators take into consideration your income, your tax status, property value, property type and ultimately, how much rent is achievable.

 

Mortgage lenders will stress test the rental income from the property. This stress test will determine what they will lend.

How many properties can you purchase through the Buy To Let Scheme?

Many mortgage lenders will allow multiple mortgages with them. We can research the entire Mortgage market place and always provide you with the best options.

 

If you're thinking of buying or remortgaging or a Buy to Let, please contact us now for Fee Free Independent legal Advice.

WINSTREE FINANCIAL SERVICES

Winstree Financial Services LTD. Authorised and regulated by the Financial Conduct Authority (FCA registration number 810624). Registered in England. Registration number 11232942. Registered office: Wellington House, 90/92 Butt Road, Colchester, Essex CO3 3DA.

We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. Our advice is covered under the Financial Ombudsman Service.

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