Buy-to-Let Mortgages Liverpool
What is a Buy to Let Mortgage?
A Buy to Let mortgage is a mortgage specifically used on a property that is due to be let out to somebody else. You can arrange a buy to let mortgage either in your name or via a Ltd company which potentially creates tax benefits if you are a higher rate tax payer.
Things to Consider:
-
You are not allowed to live in a property you own with a buy to let mortgage on it.
-
Only with very specialist products can you rent to a family member on a buy to let mortgage.
-
Both the rental income and valuation will be considered by a lender when deciding on whether to grant a mortgage on a buy to let property.
-
You will be potentially be liable for tax on the rental income generated from the property.
-
You will typically need a larger deposit for a buy to let than a regular residential purchase.
-
If you own 4 or more properties, you will potentially be classed as a portfolio landlord which involves further checks from the lender.
Benefits of Using J&M Green Mortgage Services:
-
We have experience from completing over a thousand buy to let mortgages since our company inception, and have lots of landlords we assist with their buy to let properties and portfolios so our experience is second to none.
-
There are many different variations on how rental income is assessed by lenders, so we will help you navigate all the options to find the best way to arrange your mortgage to meet your objectives.
-
We will provide figures for both personal and Ltd company buy to let mortgages so you can discuss both options with your accountant to see which would be more beneficial for your tax liability.
-
We will help you create a portfolio spreadsheet with all of the details of your buy to let properties so you have all the info to hand can easily manage your properties.
-
We don’t charge any fees for initial consultations and product transfers, even though certain lenders only allow product transfers through brokers.
-
We will provide you with interest only and repayment quotations and provide overpayment figures for you to plan you buy let repayment strategy.
Enquire Today
Evening appointments available - we are happy to work to a time that suits our clients!
Alternatively, Call us on: 01512300909 or pop in to our offices at 13 Allerton Road, Liverpool, L18 1LG