Buy to Let Mortgage advice

Buy to Let Mortgage Advice

How do we help our clients?

  • Our initial telephone chat enables a preliminary judgement on how to move forward.
  • An in depth fact finding discussion takes place on the telephone at a mutually convenient time.
  • We check the whole of the market for best options and advise the client which of the options we recommend.
  • We inform the applicant what documents are required to process the application.
  • We liaise with our client’s solicitors, estate agent, and the chosen lender as needed to ensure an effortless completion.
  • No broker fee is charged (we receive a commission from the lenders) and there is no obligation to proceed if the client has a change of heart.
What represents the best buy to let mortgage for you will depend upon your personal circumstances. Search Mortgage Solutions offer advice on buy to let mortgages for the accidental landlord right through to the professional, portfolio, buy to let landlord.

The downturn in interest rates on deposited money coupled with the erratic performance of the stock market have led to a very buoyant upsurge of interest in buying residential property to rent out. There are some very attractive properties available at much reduced prices in comparison with a few years back. Couple this with gradual but consistent increases in rental returns and it is easy to see the reasons for rising demand.

There are very many alternative choices of mortgages for this purpose but not all will be suitable for every investor. There has to be careful and comprehensive consideration given to the circumstances of the applicant, the specific property, and the willing lenders.

Your home may be repossessed if you do not keep up repayments on your mortgage
The Financial Conduct Authority do not regulate some buy to let mortgages

There is an important difference between a buy to let mortgage and a standard home loan. Most lenders will consider the potential rental income of the property in addition to your salary when making their assessment of your application.

 

Make no mistake, finding the most appropriate mortgage for a buy to let property can be something of a minefield mainly because of the increasingly stringent criteria set down by the lenders who are always unwilling to take unnecessary risks.

The good news

What does it cost you for our services?

You will be pleased to learn that NO BROKER FEE is charged at Search Mortgage Solutions for advice or for carrying out the complete mortgage application. Our fees are paid by commission from the chosen lender.

At Search Mortgage Solutions, because of our location in the centre of a major city and surrounded by literally thousands of apartments, we are continuously very active in the buy to let sector. This has become something of a speciality to us and, as a consequence, we know the best options when linking an investor to a lender.

The first thing you need to start the ball rolling is a good chat with one of our mortgage advisors. We charge no fee for giving you the necessary advice.

Protection insurance is strongly recommended for your peace of mind. Please refer to our separate web page ‘Mortgage Protection Insurance’ which gives details of how we can help with this.”

Our coverage areas

From our Manchester processing centre we offer First Time buyer mortgage advice throughout the whole of the North West of England.

We are happy to offer help and advice no matter where you are situated.

It is important for you to check the broker fee arrangements of other mortgage brokers when making your decision of which broker to use. Some are as high as 1% of the amount borrowed which would be £1,500 for a £150,000 mortgage. We operate a ‘no broker fee’ policy which works well for our clients and for our company.

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Your home may be repossessed if you do not keep up repayments on your mortgage

Some buy to let mortgages are not regulated by the FCA

Looking for a top class mortgage broker?

How do you pick a good one? By checking their Testimonials page to see how earlier clients have rated them

We offer our testimonials for scrutiny by our industry regulators to verify that they are genuine.

Search Mortgage Solutions, being new buyers they helped with the whole process from start to finish. Getting a mortgage, insurance and understanding the financial side of things were so much less daunting. David went through everything at our pace and explained everything step by step, he explained exactly what we had to do and the process of what was going to happen next. David made everyth…
Kelly

Your home may be repossessed if you do not keep up repayments on your mortgage