How Much can I borrow?
Buy to let mortgages can be calculated in a number of different ways: some products rely solely on the rental income while others will combine your salary with the expected rent. Similarly the amount of deposit needed varies enormously between mortgage products and can be as little as 10%, or as much as 25%.
Unfortunately many of the established ‘rules' relating to the pros and cons of repayment
vs. interest only mortgages go out of the window. If your primary motive is to see your capital grow, and you aren't in any hurry to see the mortgage fully paid off, then you may want to consider a repayment mortgage. Alternatively, because interest paid on a mortgage can be offset against tax, you might find that an interest only mortgage makes better financial sense.
In the first instance it makes sense to
contact us to examine your needs and your personal circumstances. We can then advise you how best to proceed.
Enquire
