0330 120 1402
Independent Financial Advisers
0330 120 1402
Independent Financial Advisers
Independent Financial Advisers
If you intend to buy property to rent it out to others most lenders will prefer you to have a buy-to-let mortgage. As long as you are financially stable, there is nothing to stop you from becoming a landlord.
Our expert advisers can explain the process of securing a buy-to-let mortgage and guide you through the steps you need to take. The system and criteria are similar to securing a regular mortgage, so if you are a homeowner you will already have a good idea of the process involved.
Most landlords take out an interest-only mortgage for their chosen property. They then only pay the interest on the loan each month from the proceeds of the rent they collect. The full amount of the mortgage is paid at the end of an agreed term.
Buy-to-let mortgages are often more expensive than regular mortgages and you may need a larger deposit. However, at MRK Financial Services we work with a range of lenders who provide buy-to-let mortgages, so we can find you the most suitable deal for your circumstances.
Our specialised calculator can give you a rough estimate of the amount of money that you – or you and a partner can borrow. Make sure you explore your options thoroughly – the mortgage type you choose can change these numbers dramatically, and making the right decision will be crucial.
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