Buying a buy to let property for rental
Buying a second property for rental or building up a property portfolio has become increasingly popular over the last 20 years as an alternative to saving money in a bank, building society or insurance company. People find that investing in bricks and mortar as an attractive potential long term investment with the rental income being used towards the mortgage repayments.
Should you wish to consider a buy to let mortgage or wish to remortgage an existing buy to let property there are choices available to you depending on your circumstance. Complete the free mortgage enquiry form and an independant mortgage adviser will be in touch to discuss your requirements and help find the right mortgage or refinance options for your circumstances.
How much you can borrow for a buy to let mortgage is based on the monthly rental you are getting or likely to get. This will give you an idea of how much you can borrow by looking at the expected rental income.
To calculate this, enter how much rent you receive or expect to receive and the value of the property, the calculator will work out the yield and the annual rent.
Equity Loan Mortgage Calculator
Whether you're a first-time buyer or already a property owner you could buy a new home with a small deposit of 5%, heres how.
How Help to Buy Equity Loans Work
- First time buyers and those already on the property ladder can apply.
- To qualify a 5% deposit is required.
- A 75% mortgage must be secured from your bank or building society.
- The remaining 20% of the property’s value is funded by an equity loan provided by the Government.
- House prices can’t be more than £600,000 in England and £300,000 in Wales.
Without Help to Buy
With Help to Buy
|Help to Buy Loan||£10,000||20%|
This calculator is provided to give you basic guidance only. This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs. Its important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errorsand recommend that you obtain exact figures from a specific lender before committing to any mortgage.