Landlords.
At Legacy Financial we are here to help landlords no matter how small or big your portfolio may be, we work along side a number of financial advisors and accountants to help assist you with the process.
A landlord is someone who requires a buy-to-let mortgage as their property is an investment, rather than someone who would need a residential mortgage to live in their property.
What is a buy-to-let mortgage?
A buy-to-let mortgage is a type of mortgage sold specifically to people who view their property as an investment, rather than a home. If you plan to purchase a property, then rent it to a tenant in order to generate an income – most lenders would require you to apply for a buy-to-let mortgage; not a residential one.
Buy-to-let mortgages are typically more expensive than an average mortgage that a home mover would need. Deposits for BTL can range from a minimum of 25%, up to 40%.
Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
Some forms of Buy to Let mortgages are not regulated by the Financial Conduct Authority.
I'm a landlord, how do i apply for a buy-to-let mortgage?
Just like all of our other mortgage types, it’s simple!
Just click the ‘book an appointment’ button below, choose the type of appointment you want, a preferred date and time; then you can begin discussing the next steps with an expert.
Whatever you require, we're here to help create your legacy.
Whilst you're here, try our calculator.
Why not use our custom calculator? Find out how much your mortgage would cost you per month, within a matter of seconds.