Mortgage Advisors
In Ongar, 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 a profit on the property value Our Mortgage Advisors Ongar team will guide you every step of the way.

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
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Mortgage Advisors Ongar

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

You will be able to apply for a Buy to Let mortgage in Ongar, 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 affect 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 in investing in the property market. Contact us now for our Free Independent Mortgage Advisors Ongar.

How much can you borrow on a Buy To Let Mortgage in Ongar, 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.

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

Many mortgage lenders in Ongar 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 Free Independent legal Advice.

Facts About Ongar

History of Ongar

Ongar was an important market town in the Medieval era, at the center of a hundred and has the remains of a Norman castle. The Church of England parish church, St Martin’s dates from the 11th century and shows signs of Norman work. A small window in the chancel is believed to indicate the existence of an anchorite’s cell in medieval times. The civil parish of Chipping Ongar was abolished in 1965 and a new parish of Ongar was created which also incorporated the former area of the Greensted and Shelley civil parishes.

General Information

Ongar Castle is a good example of a late 11th- or early 12th-century Motte and Bailey, although only the earthworks survive. The motte or mound is around 70 meters in diameter at the base and is surrounded by a wet ditch up to 15 meters wide. A kidney-shaped inner bailey is to the west of the motte and there is a second bailey to the east and the remains of a town enclosure embankment extend to the west.