Buy to let is an investment where you buy a property – usually with a mortgage – with the intention of letting it out to a third party. Over 80% of landlords cite investment as a key motivator in deciding to let property.
If you are looking to invest, considering a buy to let property could be very rewarding and is something we can help you get the most out of.
We have local professionals up and down the country that are on hand to discuss ways to make the most out of opportunities available in the buy to let sector. Our local lettings experts can help find a suitable investment that suits you and can support you through every stage of buying and managing your letting.
Whether you choose to let your property with Your Move or not, our partners Embrace Financial Services can offer professional expertise on a buy to let mortgage. Find out more on how we can help.
Emaras Developments Ltd
Buy to let with Your Move
We can guide you through every step of the buy to let process. If you’re hands off and would like someone to manage the entire process, you're in safe hands. If you feel quite confident and just need some help along the way, we have services that we’re sure will get the best out of your investment. Or, if you are a letting veteran and just need a bit of support attracting tenants,
We have our tenant find service to give you a boost with exposure. We’re here to help whatever your need.
Loan-to-value (LTV) is generally 60%-85% for buy to let mortgages.
Your rental income will generally need to be around 125% of the monthly mortgage payments.
You can expect a buy to let mortgage to be approximately 1%-2% more than a residential mortgage.
Many landlords prefer a buy to let interest only mortgage. The lender will normally base affordability on the rental income which will generally need to be 125% more than the monthly payments.
If you are planning to create a lettings portfolio – some lenders will place a cap on the number of properties it will mortgage.