Buying a Buy-to-Let Property in London with a Mortgage
London has long been a hotspot for property investors, with house prices historically showing strong gains. As a global city, it remains a desirable location for tenants, ensuring a steady demand for rental properties. However, financing a buy-to-let in London has become increasingly challenging due to high property prices, stricter lending criteria, and evolving tax […]
Guide to buy-to-let mortgage criteria
If you’re considering or already own a buy-to-let property, this guide provides an overview of the criteria involved in securing a buy-to-let mortgage.What criteria are assessed with a buy-to-let mortgage?What are the affordability stress tests based on?Buy-to-let lenders conduct affordability assessments for buy-to-let mortgages, which vary based on several factors. Here are some additional considerations:What […]
Top tips for Buy to Let
It’s no secret that investing in property can be extremely lucrative, but it’s not for the faint-hearted. With the ever-changing landscape of government legislation and tax changes, it’s important to be fully prepared and informed. Staying up-to-date with the latest regulations and understanding the implications of tax changes is essential for navigating the property market successfully. […]
All about top-slicing buy-to-let mortgages
Buy to Let Mortgages – Top-slicing Context In 2017 the prudential regulation authority (PRA) set stricter rules & criteria for Buy to Let mortgages.Mortgage lenders have been required to use higher interest rate stress tests when assessing Buy to Let affordability.As a result, borrowing power for most landlords has significantly reduced on certain products. This had led to […]
Can a first-time buyer get a buy-to-let mortgage?
Are first-time buyers allowed to get a buy-to-mortgage?Yes, it’s certainly possible for first-time buyers to get a buy-to-let mortgage, however, because you do not currently own a property, mortgage providers will view you as higher risk, there are therefore, fewer options available, and the criteria and affordability calculations are different to mortgages for existing homeowners.If […]
