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Buy To Let

Specialist Advice On Buy To Let Mortgages

We have unrivalled and extensive industry background

Stanford Mortgage & Financial Services are specialists in the Buy To Let mortgage area with unrivalled and extensive industry background within the sector. Whether you are looking to buy your first investment property or currently have a portfolio of properties we are on hand to provide expert buy to let mortgage advice.

Think carefully before securing any other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage.

The Financial Conduct Authority does not regulate some forms of Buy to Lets.

A buy-to-let mortgage is a product specifically designed for borrowers who are purchasing property to rent out. This could be as investment or as an accidental landlord who has chosen to keep their property due to changes in circumstances but decided to keep ownership of the property.

Buy to let mortgage products require a larger deposit which can be typically from 20% to 25%. This will be dependent on the chosen mortgage product.

With buy to let mortgages the lender will need to ensure the rental income from the property will comfortably cover the mortgage repayments. The majority of lenders will require the rent to be at least 125% of the total repayment. You must therefore think very carefully on the rental yields of the chosen investment property.

It is easy to run up debts in various different places – an overdraft, credit cards, personal loans – all at a higher interest rate than your mortgage. The idea of consolidating debts is to put all your debts in one place with the lowest rate of interest. You can remortgage to increase the size of your mortgage and use the extra money to repay your other debts.

There is a lot to consider before you decide to proceed with consolidation because there are downsides:

although the interest rate may be lower, you’ll be paying off your remortgage for many years to come, including the amount you have added for your other loans. It can help you out of today’s difficulties but you will pay more in the long run.

Your remortgage is secured against your property so, if you fail to keep up the remortgage payments, you could be repossessed and lose your home as opposed to a personal loan or credit card.

Always take advice before consolidating your debts. Our specialist advisers are on hand to talk further with you.

Eastleigh Office

Stanford Mortgage & Financial Eastleigh
6 High Street, Eastleigh, Hampshire,
SO50 5LA

023 8064 7272

Bitterne Office

Stanford Mortgage & Financial Services
394a Bitterne Road, Bitterne, Hampshire,
SO18 5RS

023 8202 9966

Head Office

Stanford Mortgage & Financial Services
394a Bitterne Road, Bitterne, Hampshire,
SO18 5RS

023 8027 5858

Mortgage Calculator

These figures are only illustrative. All mortgages are subject to the applicant(s) meeting the eligibility of the specific lender. An assessment of your needs will be confirmed before a recommendation can be made. 

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Please be aware these figures may vary depending on the term and interest rate of your mortgage. If you’d like some guidance on the right mortgage for you, one of our advisers will be more than happy to speak to you.