buy to let mortgages
Buy to Let Mortgages are a great way to improve your landlord portfolio and generate additional income each month. Operating within Northampton, Milton Keynes and Bedford areas, My Mortgage & Protection Experts helps you find the best deals available for your new property.
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mortgages
investment property
Being a landlord can be a great way to increase your income or could be used as a longer-term investment. It’s vital to get clear advice from a professional mortgage adviser to ensure that you get the best returns. That’s where we can help. Whether you are starting out as a landlord or already have experience, our Advisors are ready to help.
Taxes
There have been many changes with the way you’re charged tax with investment property transactions, such as Stamp Duty Land Tax (SDLT) and changes to how you can structure the income you generate. We advise you on the details of your mortgage requirements and can put you in touch with tax specialists who can guide you on the most tax efficient way of purchasing a rental property either personally or via a Company.
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mortgages
buying to let
Unlike a Residential Mortgage, buying to let lenders traditionally calculate how much you can borrow by looking at the property’s value and the expected rental income, although personal income and expenditure is still taken into consideration before being able to make you an offer.
It’s standard practice to build in a buffer too. This allows for hidden costs such as the property sometimes being empty, paying estate agency fees and spending on maintenance. It is calculated by using what’s known as the interest coverage ratio (ICR). The ICR determines the amount the lender would like the rental income to be, to cover the mortgage and other costs.
Portfolio Landlords
You may have already embarked on your journey as a Landlord. If you already own 4 or more properties, or have the ambition to build your portfolio, there are now additional regulatory requirements for lenders to factor into their assessments. MMPE Advisors are experienced in dealing with complex transactions, offering a service whereby we proactively manage the Mortgages to ensure that you are getting the best returns.
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Our standard fee for arranging a mortgage is £395. The fee is due upon application of a mortgage loan to the lender.
'A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.'
My Mortgage Experts & Protection Experts Ltd (FCA 937076), is an Appointed Representative of King Mortgages Ltd.
King Mortgages is authorised & regulated by the Financial Conduct Authority (FCA). King Mortgages Ltd is entered on the financial services register http://register.fca.org.uk/ under reference number 803561.
The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.