Looking for aBuy-to-Let Mortgage?
Whether you are looking to purchase a single rental investment, or you already own an existing property portfolio, a Buy-to-Let mortgage is the most appropriate choice and we can advise you on your options.
Henry Dannell can support your current and future property investment plans by understanding your circumstances and objectives to source the most suitable solution available to you.
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Please note: this is a long term investment which you hope will generate rental income along the way and a profit when you sell the property, but bear in mind that if you need access to some cash, a property can take time to sell or remortgage. If house prices fall, you might not be able to sell for as much as you had hoped. You would have to make up the difference if the property sold for less than you owe – a risk that increases, the higher the percentage you borrow. If you sell for a profit, you may have to pay capital gains tax. Don’t forget that with a variable rate mortgage, your costs will rise if interest rates go up. This would eat into, or even wipe out, your income and profit. It is recommended that you also maintain access to emergency funds to cover your mortgage payments during ‘void periods’ that may arise whilst you have no tenant and the property is not let.
How do Buy-to-Let lenders calculate affordability?
Within this sector of the market, affordability calculations vary from lender to lender. Some lenders may calculate borrowing capacity based solely on projected rental income, while others may consider rental income combined with personal earned income.
As experienced advisers, and with our whole-of-market access, we will take the time to understand your position to determine the best lender for you.
Should I purchase in my personal name or create a Limited Company?
Purchasing in a Limited Company, rather than in your personal name, is typically the preferred way to hold investment property, especially if you have a large portfolio. There are tax benefits to holding investment property in a Limited Company. However, we would advise that you consult a certified accountant or tax adviser to better understand these tax implications. This is a complex area where it is highly recommended that you seek independent specialist advice from a qualified professional.
Please note: a mortgage is secured against your property. Your property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. The Financial Conduct Authority does not regulate most forms of buy-to-let mortgages. Please also note: tax treatment is based on individual circumstances and may be subject to change in the future. The Financial Conduct Authority does not regulate tax planning.
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Our Case Studies
How we’ve helped clients invest in property
Buy-to-Let Mortgage – Concessionary Purchase
We worked closely with our client's accountant and tax adviser to devise a tax-efficient and favourable lending approach. Despite a turbulent market, we secured a highly competitive interest rate, acting swiftly when a scheduled withdrawal threatened the opportunity. Our collaborative efforts resulted in a successful transaction, providing a tailored solution...
Buy-to-Let Remortgage | Decline Overturned
Our client, a portfolio landlord, sought a new rate to avoid the lender's Standard Variable rate of 8.29%, which represented a 2.5% increase in interest. Despite the lender's initial refusal, we persevered and successfully secured a new rate, saving our client from a significant increase.
Buy-to-Let Remortgage
Despite encountering some obstacles, we were able to provide our client with the necessary support to obtain the full loan amount they required. Additionally, we facilitated a swift completion to avoid any potential exposure to their lender's Standard Variable Rate (SVR).
Large Portfolio Remortgage
Using our knowledge of the portfolio market, we were able to source a product/lending solution that was fitting to our client's requirements, whilst also obtaining a highly competitive high street rate that was secured prior to the end of their existing mortgage.
What our clients say…
'They are extremely responsive, highly professional, with many years of experience in their field, and as such, know mortgage products in the UK better than anyone.’
Investment Banker