Buy to Let Mortgages

Wealth Ideas has a team of experienced Buy to Let Mortgage specialists with access to the
whole of the market.

We will help you arrange the best finance for you whether it is for buying your first buy to let property or financing your Buy to Let Portfolio. We have listed bellow some general points for your consideration although each client is assessed and advised individually.

A deposit is required, generally a minimum of 25% of the property purchase price. -

Serviceability of a Buy to Let mortgage differs from that of a residential purchase with the lenders making their assessment on the rental income achievable rather than actual earned income. The rental income required is generally a percentage starting from 115% of the monthly mortgage repayments. For example if your mortgage repayments were £500 per month, your minimum rental income required would be £575 per month.

Buy to Let Mortgages are available to private individuals and Limited Companies.