Buying A Property To Rent

There are many lenders who offer competitive rates, which in many cases are generally similar to the rates offered on a standard mortgage.

Landlords also have a choice between interest only and repayment mortgages. Buy to let mortgages do differ in several ways from standard mortgages. When lenders are considering approving a buy to let loan, they generally base their decision on the likely rental income from the property and not necessarily the applicants’ income. A prospective landlord needs to be aware that the rental income typically needed is 125% of a notional 5% payment, although this can vary from as little as 100% rental income up to 130%.

With Malone Financial Services expertise in this market, your advisor can help you find the most suitable product to suit your requirements. With access to many mortgages and knowledge of lender’s requirements, only the most suitable mortgage will be recommended.

Your (home) or property may be repossessed if you do not keep up repayments on your mortgage.