Who Is Eligible for a Buy-to-Let Mortgage? Here’s the scoop on what lenders are after for buy-to-let mortgages: Rental Income The expected rent from the property is important. Lenders want the rent to cover 125%-145% (known as Interest Cover Ratio) of the mortgage payments each month. For example, say your monthly mortgage payment is £1,000. […]
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What Are The Criteria For Buy To Let Mortgages?
How To Release Equity From Your Rental Property?
What is Equity Release in the Buy-to-Let Market? Equity release lets you get money from your buy-to-let property without selling it. It’s useful if you need cash to buy more properties, make renovations, pay off debts, or have extra money for yourself. It works by using the property’s value that’s grown over time. So, if […]
Bridge To Let Mortgages Explained: Is It For You?
What Is a Bridge to Let Mortgage? A bridge-to-let mortgage is a short-term loan that bridges the gap until you get a buy-to-let mortgage on a property. Bridge to let is ideal for acting fast in a competitive market, like buying at an auction or fixing up a property to rent. Here are the standout […]
How To Invest In Airbnb Using Mortgages?
What Are Airbnb Mortgages? Airbnb mortgages are special types of buy-to-let mortgages designed for properties you plan to rent out on Airbnb. They’re different from regular residential mortgages, which often don’t allow you to rent out your property without the lender’s permission. For Airbnb hosting, you’ll need consent from your lender, and in some cases, […]
A Definitive Guide To Bank Of England’s Base Rates In 2024
What is the Bank of England’s Base Rate? The Bank of England base rate is the UK’s key interest rate, set by the Monetary Policy Committee (MPC). It’s a powerful tool to control inflation and promote economic stability. Right now, the base rate is 5.25%. If this changes, it can affect many other interest rates […]
Should You Get A Semi-Commercial Mortgage? A Guide
What is a Semi Commercial Mortgage? A semi-commercial mortgage helps you buy or remortgage properties used for both business and residential purposes. This type of mortgage bridges the gap between residential and commercial lending. In the UK’s property market, these mortgages offer great flexibility. They let property owners make the most of their buildings, combining […]
