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Our expert advisers can guide you through the whole process.
Rated Excellent by our customers
Our expert advisers can guide you through the whole process.
Rated Excellent by our customers
Our expert advisers can guide you through the whole process.
Rated Excellent by our customers
Our expert advisers can guide you through the whole process.
Rated Excellent by our customers
A buy to let mortgage is designed for those who want to buy property to rent out to a third party. As with a residential mortgage you can choose between fixed, discount and other mortgage types. However, the key difference is working out how much you can borrow. Buy to let mortgage lenders usually base their decisions on the likely rental income from the property instead of the applicant's annual income.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Embrace Financial Services usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.
Get in touch with your local Financial Adviser.
Book an appointmentUse the Embrace Financial Services Buy to let calculator to work out the required rental income that may be needed from your proposed Buy to let property.
The calculator provides a Loan to Value percentage which is the ratio of your mortgage expressed as a percentage of the value of the property. The calculator also suggests a higher and lower figure for the rental income that a lender may require to support a given mortgage. The higher figure assumes a mortgage interest rate of 5.09% and the lower figure a rate of 4.49%. Both calculations are based on the lender requiring 125% of the monthly mortgage interest payment as a rental income. Please note that the exact criteria may vary from lender to lender.