"Many thanks for your excellent service in finding low cost deals for the remortgaging of my main residence and my buy to let property. Khalid did everything he said he would and I felt safe in the knowledge I was in good hands. He was just as easy to deal with over the phone and by email - great service. Taking mortgage advice saved me a great deal of time and Khalid worked tirelessly on my behalf as I was trying to find a suitable mortgage whilst in a tricky situation. Blackstone are a very professional company with high standards and great knowledge. They understood my situation and were most reliable. On top of all that, the broker fee was excellent value."
Buy to let is a growing market and at Blackstone Financial Solutions we understand the needs of the experienced professional investor as well as the new landlord starting out with one property. We arrange buy to let mortgages for all types of property and all types of clients and offer them all expert advice in addition to excellent service.
With a buy to let mortgage, you take out a mortgage on a property that will be rented out. Lenders have different criteria for these types of mortgages, so you need to consult an experienced mortgage adviser with whole of market access who can give you the most current information.
As experienced mortgage brokers in buy to let mortgages we can search the whole market to find the best and most competitive product for your situation and provide expert impartial advice.
The main differences between residential mortgages and buy to let mortgages are;
- Most buy to let mortgages are arranged on an interest only basis meaning that you do not pay off any capital in the monthly repayments but would need to repay the capital in a lump sum at the end of the mortgage term, often by the sale of your property.
- Interest rates on buy to let mortgage rates tend to be a little higher than residential loans.
- You will be required to put down a bigger deposit, usually in the region of 25%. A 30 - 40% deposit will secure access to the lowest interest rates.
- How much you can borrow will be based on the earning potential and profitability of the property (i.e. the rental income) as well as your normal earned income. The rent must more than adequately cover the monthly mortgage payments. Affordability is typically linked to rental income calculations, which vary by lender but is often based on 125% of rental income, and will use a ‘stressed’ interest rate to check that your rental income will cover monthly mortgage payments in different scenarios. Not all lenders use the same formula and some will lend more generously.
Talk to us to find out how much you can borrow for the property you have in mind.
There are two ways that you can seek to make a return on your investment: capital growth and rental income. As with any investment, purchasing an investment property does carry risks so it is important to seek expert financial advice.
Blackstone Financial Solutions can provide expert advice for first time landlords as well as a property portfolio review for clients who may have many investment properties.
An experienced dependable mortgage adviser is invaluable when it comes to finding you the right buy to let mortgage. At Blackstone Financial Solutions we have access to an extensive network of lenders so we are able to advise on a wide range of mortgages to suit each of our client’s individual needs. This coupled with our in depth market knowledge means we can offer the best mortgage deals for your circumstances and make sure you are in the best possible position to proceed successfully with an application.
Expertise and Efficiency
We pride ourselves on the level of service we offer our clients. Your adviser will clearly explain the different types of mortgages and your options. After reviewing all your documentation we will be able to offer truly individual advice as to the best mortgage solution for you. We will then support your application process, keeping you fully informed throughout.
Re-mortgage to raise additional funds
Your Blackstone adviser can help you raise additional funds for a new project such as home improvements, school fees, a deposit on a further investment property or even to establish an emergency contingency fund. If you wish to raise a lump sum, please talk to us about re-mortgaging.
Other reasons to re-mortgage are to secure a better interest rate or move to the certainty of a fixed rate. We will search the mortgage market to find a more competitively priced loan appropriate for you.
Please look at our re-mortgages page for details on these options. You may have an early repayment charge with your current lender and should check before re-mortgaging.
Let Blackstone Financial Solutions find the right solution for you.
Call us now on Bristol 0117 403 0097 and see what your options are.
Buy to let Mortgages are not usually regulated by the Financial Conduct Authority.
Do take a look at our useful buy to let calculator.
We access the best mortgages from over 65 lenders and many exclusive deals not available directly.
Years of experience means our quality advice will be tailored completely to you.
The best service is personal service; we really care about your experience.
Our dedicated team are with you every step of the way.