• Leeds: 0113 3200720
  • York: 01904 500502
  • Durham: 0191 5800566
  • Middlesbrough: 01482 240224

Buy to Let Mortgages

Investing is a tricky business these days. Pension funds can reflect the volatility of the stock market, while gold and commodities can suddenly decrease in value as fast as they can increase.

* Notes: 1) Lenders may calculate rental cover on a repayment basis OR an interest only basis irrespective of your repayment choice 2) The interest rate at which rental cover is quoted may NOT be the same as your /pay rate/ 3) The interest cover percentage differs from lender to lender from 100% to as high as 150%.

However, almost all investment advisors agree that one of the best investments in the medium to long-term range is property. While there have been notable, short-term slumps in the value of houses and flats across the U.K., including a fall in 2008 and 2009, things are improving and property is regarded as a solid, longer term investment.

If you are keen to expand your portfolio and want to buy property in addition to the home in which you live, Will Assist Mortgages can help you obtain a buy to let mortgage. We have access to hundreds of these products and can help you choose the right one for your needs.

If you believe that buy to let is beyond your grasp because you do not have a deposit, think again. Many first-time investors use a strategy of remortgaging their own home in order to free up financial resources. This money can then be used towards the purchase of property.

At Will Assist Mortgages we have trained and experienced advisers who will assist with the planning of your portfolio. We′ll ask you relevant questions about your investment strategy and what you want to achieve, both in the mid-term and longer-term. We′ll work with you to help you achieve your goals in a realistic and affordable manner, and in a way that helps you reap rewards.

We can also help you with your longer-term planning. We′ll work with you to help you enter the buy to let market and create an exit strategy for your retirement time, or earlier if you wish. Let us take the work out of this complex and often difficult process, and take care of all the paperwork, too.

Buy to let is a good and solid option for most investors, but there are some things that you should remain aware of and take into consideration before proceeding.

Firstly, one of the best ways to success is to study the market carefully, so location and quantity of existing rental accommodation are important factors. Consider proximity to schools, transport routes, and local facilities such as supermarkets, shops, doctors′ surgeries and entertainment facilities.

Bear in mind that rent rates vary across the country. Currently rents are highest in the south east of England and in larger cities. But there are no guarantees that you will be able to continually rent out your property and cover the cost of your mortgage with rental payments from tenants. There will likely be times when the property is not rented out.

Managing property and tenants is complex, subject to laws and regulations and is very time consuming. If you work full-time or have other commitments, then using a lettings agency is a good idea. Landlord packages vary from simple to fully-managed. An agent can take are of finding and vetting tenants, management, safety certificates, utilities, administration, paperwork and much more. Or an agent can just find tenants and collect rent. Whatever level of service you choose, it can offer peace of mind, but it does cost a monthly fee.

Use the calculators here to determine how different types of mortgages with different variables will work for your budget. Then contact Will Assist Mortgages for unbiased, expert and professional advice on a buy to let mortgage. We work with you to help make your dream of being a property investor a reality.

You may have to pay an early repayment charge to your existing lender if you remortgage.

There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.

The financial services authority does not regulate some forms of buy to let mortgages.


Rental Cover Calculator - Interest Only *    
Purchase Price of Property (£)  
Deposit (%)  
Interest Rate (as stated by lender *) (%)  
Monthly Interest Only Payment  
Cover Required (as stated by lender *) (%)  
Required Monthly Rental (£)  
     
Rental Cover Calculator - Repayment *    
Purchase Price of Property (£)  
Deposit (%)  
Interest Rate (as stated by lender *) (%)  
Term (years)  
Monthly Interest Only Payment  
Cover Required (as stated by lender *) (%)  
Required Monthly Rental (£)  


* Notes: 1) Lenders may calculate rental cover on a repayment basis OR an interest only basis irrespective of your repayment choice 2) The interest rate at which rental cover is quoted may NOT be the same as your /pay rate/ 3) The interest cover percentage differs from lender to lender from 100% to as high as 150%.

Available 24 hours a day - 7 days a week

We do our best to make sure there is a qualified advisor always available to speak with you and provide a free telephone consultation! Call Leeds: 0113 3200720 - York: 01904 500502 - Durham: 0191 5800566 - Middlesbrough: 01482 240224 now .

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Calling us or entering your information onto our webform will require us to process your personal data. Please refer to our Privacy Policy for further details.
Will Assist Mortgages Ltd is authorised and regulated by the Financial Conduct Authority.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
  • York Office

    York Eco Business Centre
    Amy Johnson Way
    Clifton Moor
    York
    YO30 4AG
    Tel: 01904 500502

  • Durham Office

    9 City West Business Park
    St Johns Road
    Durham
    DH7 8ER
    Tel: 0191 5800566


  • Leeds Office

    Margaret House,
    75a Devonshire Ave
    Leeds
    LS8 1AU
    Tel: 0113 3200720


  • Middlesbrough Office

    47 Aiskew Grove
    Stockton On Tees
    Cleveland
    TS19 7RB
    Tel: 01482 240224