Buy to Let mortgages
A
buy-to-let mortgage is one that is obtained to purchase a property that the
owner intends to let out to tenants. Buy-to-let mortgages have grown in
popularity over the last few years with investors looking for an alternative
form of investment to the stock market or as an alternative, or addition, to
income provided by the traditional pension scheme.
Buy-to-let mortgages offer a number of options that are common among all
types of mortgage. The most important factor is the interest rate of the
mortgage, as it determines the total sum payable by you over the total term
of the mortgage. Interest rates can be fixed, variable, or capped. A fixed
interest rate is one that does not change at all throughout the term of the
mortgage, while a variable rate is one that can either increase or decrease
at the lender’s discretion, in accordance with market conditions. A capped
interest rate is one which is subject to variations, but has a “ceiling”
placed on it meaning that it can’t increase above a certain rate. Caution is
advised when considering a variable rate mortgage; thoroughly research the
topic, and make sure you know how your lender calculates your variable
interest rate.
Warwick Knight is one of the Midlands leading Buy
to Let Mortgage
Brokers. We offer a free mortgage consultation on all types of
mortgages. Whatever type of mortgage you require please give us a
call and we will be happy to discuss your needs and requirements
If you would like to talk to our team please
complete the Following form and a qualified Mortgage Advisor from
Warwick Knight will be in touch to help you find the best mortgage
for your needs
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