Buying To Let
Your property may be repossessed if you do not keep up repayments on your mortgage. 
Some Buy to Let mortgages are not regulated by the Financial Conduct Authority

Whether you are an experienced landlord with a portfolio of properties or looking to buy your first investment rental property, a BeAdvised Mortgage Adviser can help identify and arrange the right buy-to-let mortgage (BTL) for your needs.

This type of mortgage is designed for financing property that is let out to tenants on a single occupying tenancy agreement. If you let your property as a holiday rental or to multiple individuals who each have a separate agreement with you, then more specialist lending is available. Whatever your needs, our Swindon based mortgage adviser can help.

How much can I borrow on a Buy To Let Mortgage?

Buy-to-let mortgages are different to residential ones because traditionally the affordability was assessed based solely on the income of the property and not the applicant – recent changes in the budget resulted in tighter guidelines lenders assessing affordability for BTL Lending, as a result some lenders now taking into consideration an applicant’s surplus personal income as well as the properties rental income when assessing affordability.

How much deposit do I need for a Buy To Let Mortgage?

While some buy to let mortgage lenders offer products with a 15 or 20% deposit, these tend to be quite expensive and thus we recommend working towards a minimum of 25% deposit.

BeAdvised Buy To Let Mortgage Advice Swindon

Get in touch with our Swindon based mortgage advisers to arrange your initial fee free BTL mortgage consultation where we will help you to:

Understand how much you can borrow for your rental property

Establish the initial costs involved

Estimate the ongoing profitability of your property

Understand your buy to let mortgage options

Understand the risks of securing finance against property and how future interest changes will impact you

Apply for a ‘Decision in Principle’ so you can prove your eligibility to an Estate Agent

Establish a plan and set clear goals to work towards

Seeking expert advice early can help you position yourself and your finances to give you the most options when it comes to borrowing – this will increase the chances of you achieving what you desire and could save you money.

Whatever your position, our friendly and open approach will help us tailor our service to support your needs.

We make ourselves available at a time and place to suit you. Get in touch today.

Our typical BTL mortgage advice fee is £299, which is only payable once we are proceeding. There is no charge for your initial consultation.

Click here for information about our fees and when they would apply.

Buy-to-let remortgages

The most competitive BTL mortgage available when you first bought your property may no longer be suitable if an initial product period comes to an end or your needs change such as now needing to know what your repayments will be each month. If you have a fixed rate mortgage then you will likely end up paying more once this initial period ends and the mortgage falls on to a variable rate. To avoid this you can switch deals with your existing lender or remortgage; more details about remortgages can be found here.

If we arranged your mortgage, then sit back and relax while we worry about this for you. We will be in touch in plenty of time if your fixed period is coming to an end and help ensure you’re always on the right mortgage product for your needs and that you don’t pay more interest than you should.

If you are new to BeAdvised then please get in touch today for help with your BTL remortgage.

Want To Find Out More?

Fill out our contact form, drop us an email or give a call and speak to one of our advisers to see how we can help you today.