Finding a buy to let mortgage can seem like a daunting process, but with the right advice and guidance you can get the BTL mortgage you need. Here are some tips on how to get started:
Do your research
Before you start anything, make sure you have done your research. There are a lot of different buy to let mortgages available, so it’s important to find the one that’s right for you.
Before you go ahead and apply for a buy to let mortgage, it’s important to get pre-approved by a BTL mortgage broker. This way, you know you’re eligible for a mortgage.
Talk to a mortgage broker
A good broker who does BTL every day should be interested in your plans and future strategy. They will be able to help you understand the process and find the right mortgage for you.
Compare rates and costs
Once you’ve decided on a mortgage, it’s important to compare rates and all the costs as it’s not just about the headline rate.
There are a lot of different lenders out there and most are only available to mortgage brokers, so it’s important to find one that’s right for you and the property.
Get a mortgage
Once you’ve decided on a lender and have your documents ready, it’s time to get a mortgage. Make sure you have all the documents your broker has requested and be prepared to answer any questions the mortgage provider may have.
Finding a buy to let mortgage can be a daunting process, but with the tips outlined in this article, you should get the mortgage you need.
If you have any questions or would like help with finding a buy to let mortgage, please contact us.Tags: BTL, portfolio landlords