gr8 Mortgage Solutions
Mortgage advice made easy 0845 146 0001
Buy to Let
Buy to Let Mortgages are mortgages specifically designed for people who want to invest in the property market by purchasing one or more houses and letting them out to tenants. The investor is then able to benefit from any appreciation of the capital value of the house itself. Please be aware that the value of properties can fall as well as rise. The revenue generated from letting the house can meet much of the mortgage loan repayments.
Buy to Let mortgages differ slightly from the normal residential type in that rental revenue can be considered as income when taking into consideration the ability of the borrower to meet the ongoing mortgage repayments. Rates and set up fees for Buy to Let mortgages can be slightly higher than normal residential property rates. It is absolutely essential therefore to have access to the whole of the Buy to Let marketplace to ensure you receive the best deals available.
Your gr8 advisor will also discuss all the general pros and cons involved with buying to let. For the more seasoned investor we can also discuss the opportunities attached to 'portfolio' borrowing and portfolio insurance deals which are often bespoke to gr8 Mortgage Solutions.
Your property may be repossesed if you do not keep up repayments on your mortgage.
You do not have to pay us a fee for advising and arranging your mortgage. Instead we receive commission from the mortgage lender. If you prefer we can pass on the lenders commission to you and you pay us a fee. We generally charge a fee of 0.5% of the value of the loan.
The FSA do not regulate some forms of Buy To Let mortgages.
gr8 Mortgage Solutions is a trading style of Ferris Financial Solutions Limited. Ferris Financial Solutions Limited is an appointed representative of Sesame Limited, which is authorised and regulated by the Financial Services Authority. Sesame is entered on the FSA registerster (www.fsa.gov.uk/register) under reference 150427.