How are mortgages arranged through the Buy-to-Let initiative?
Broadly, there is little difference between arranging a Buy-to-Let mortgage for investor landlord’s and a standard mortgage for owner-occupation. Buy-to-Let mortgages are subject to the usual status checks. Loans can be arranged for terms of between five and 45 years and for up to 80% of the value of the property. Through the Buy-to-Let initiative, rents achievable from an investment property can be taken into account, provided an ARLA member agent is to be responsible for letting and managing the property. • The Dos and Don’ts of Buying to Let DOThink of buying to let as a medium to long term investment.DOSeek advice from an ARLA letting agent on local market demands.
Related Questions
- Can I collect fees for mortgages I previously arranged, or start new deals while the mortgage brokerages licence is suspended?
- Do high-cost area loans—Jumbo-Conforming Mortgages and high-balance mortgage loans— qualify for refinance under this initiative?
- How are mortgages arranged through the Buy-to-Let initiative?
