Buy To Let Mortgage 90

Buying a second property is a very popular investment for many people we have helped in the UK. A 90% buy to let mortgage could allow people with smaller deposits and capital to purchase a second home to rent and enter the buy to let market or expand their BTL portfolio. The minimum deposit required by lenders varies all the time due to market conditions. In 2017 the equity levels have been restricted somewhat and in reality you might need to have a circa 15 - 20% deposit to get onto the Buy To Let mortgage ladder. Speak to our team for free on 0800 298 3000 to see which Buy To Let mortgages are available for you. Once you have a deposit the first key step is to find out what rental income your property is likely to yield. Most of the other buy to let elements stem from this.

Our UK based Buy To Let mortgage team can provide you with fast, free confidential quotations whether you are a current landlord or looking to become one - we have helped a multitude of people with many different scenarios obtain the buy to let funds they would like. Simply call our team directly for free on 0800 298 3000 / dial mobile friendly 0333 003 1505 , or use our short on line enquiry form and we will call you.

The actual loan to value being offered by our lenders at any one time can varies regularly so when speaking to our team you will quickly be able to find out what the maximum LTV is at that time. Although you may only need a 10% deposit to buy a second home if you are planning to live there and rent yours out, if you do get a 90% LTV mortgage you may find your interest rate may be higher than if you had a larger deposit. Likewise your credit history may reflect in the best rate you can get via our buy to let panel. First Choice Finance clients have already obtained over £1 Billion for their own unique scenarios, so add this to the fact we have access to many different mortgage lenders buy to let / let to buy plans and you will hopefully see an excellent opportunity to take out buy to let mortgage and remortgage deals.

Remortgaging A Buy To Let Property

If you own a buy to let property or multiple properties with some equity (the difference between your current mortgage balance and the property`s value) then you may have multiple options to use that equity to obtain funds. You could decide to sell it, or take out a second charge mortgage, alternatively an 80% buy to let mortgage could help you release your equity and help you obtain funds for any purpose at a low rate. We have already come across reasons such as paying for property improvements and maintenance, use as a deposit for an additional buy to let property in your portfolio, paying a large bill, consolidation debts or any other purpose you may need to utilise money for. There are also some Buy To Let mortgages and remortgages for those of us with a low credit score / bad credit . Please indicate to your adviser if you are seeking a bad credit buy to let mortgage.

Let To Buy Mortgage Lenders

We believe this is a growing way to get involved in buy to let. How Let To Buy works is:

• You need to currently be a homeowner who lives in their home
• You then establish what you could rent your current home out for
• If you are happy with the rental amount and it could help to cover your mortgage
• Find a property you wish to move to and live in
• Then take out a purchase mortgage for the home you are going to move into
• Switch your current home mortgage to a buy to let mortgage or remortgage
• Finally move to your other property and rent out the one you leave behind
• Congratulations – You have successfully taken out a let to buy mortgage option

When looking to buy a property to rent out, your mortgage can take in potential rental income, but it is important to note that you should make sure that you can afford your mortgage payments in the event that you are unable to rent out your property. There are various insurances you may wish to consider in the event you have no tenants or lose work etc.

First Choice Finance can help you find many different mortgage options, offering tracker mortgages, fixed and variable rate buy to let mortgages, with our own qualified mortgage professionals we are always happy to answer any questions you may have and provide you with free no obligation quotes and mortgage illustrations where we can help.




90% LTV Mortgage

As a leading and established UK mortgage intermediary we also have a wide selection of mortgages and remortgages for your residential property, with 90% mortgage plans available and plans to suit a whole host of different circumstances from people looking for a lower monthly repayment mortgage, to those with an adverse credit rating, as well as trying to help those people who may also have multiple existing debts they wish to get on top off.




THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Security is required on immovable property.



Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk



Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.

First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.