Buy To Let

Buying to Let

Buy-to-Let mortgages are a popular way to invest your money. Whether you already own a home or not, if you’re looking for help with getting a mortgage for a property you intend to rent – we can help. Buy-to-Let mortgages have some different requirements than regular residential mortgages why not speak to us today and find out how we can help?

What is a Buy-to-Let Mortgage?

A buy-to-let mortgage (also known as an investment mortgage) is designed for borrowers who want to let their property out to a third party (i.e. tenants).

More and more people are investing in property as a long-term opportunity to make profitable returns, and as a way of securing finance for their retirement. There are now plenty of competitive buy to let mortgage deals around that are specifically aimed at the buy-to-let market, Eddison Wells are here to find the best available deal tailored to your circumstances.

You will be required to put down a deposit for buy to let mortgages and this will be typically larger than for a standard residential mortgage – it will likely be 15-25% of the property’s value.

In addition, mortgage lenders will often assess buy-to-let mortgages on the earning potential of the property (i.e. the rental income) as well as normal income. The rental income of the property will usually need to be 125-145% of the monthly mortgage repayments.

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0800 808 9981

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Why Choose Eddison Wells?

Here at Eddison Wells, our core ideals of value, and transparency permeate everything we do. As advisors we aim to establish long-term relationships with our customers. With the mortgage market changing daily, and many offers only available directly through brokers, or for limited times, we aim to find the best deals available to you.

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