It is very important that you do plenty of research before taking out a buy-to-let mortgage. You need to be confident that your rental income will comfortably cover your mortgage and all your other expenses. Lenders will expect to see evidence that your expected rent will cover your mortgage payments by at least 125%.
A buy-to-let property should be seen as a long-term investment. Over the longer term, house prices are likely to increase but in the short term they could fall or stay the same. No one knows what will happen for certain
Whether you are a first time landlord or an experienced property investor wanting a buy to let purchase or remortgage, Charles Frank Finance can help you every step of the way.
We have arranged hundreds of buy to let mortgages for clients and helped them build up property portfolios providing a decent income for retirement
Purchasing a buy-to-let property can be a stressful time and you may need to move fast, this is where we can help.
These will vary depending on the property but you should budget for costs of about £270 a year, if you have insurance.