What is a Buy-To-Let Mortgage
A Buy-to-Let mortgage is a special type of loan for people who want to buy a property and rent it out to tenants. Unlike a standard residential mortgage, you’ll usually need a larger deposit, and the interest rates can be a little higher.
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This type of mortgage is popular with landlords and new investors who want to earn regular rental income or build a property portfolio. To qualify, most lenders expect you to have a good credit history and to show that the rental income will comfortably cover the mortgage payments.
At Bay Mortgages in Poole, we help first-time landlords and experienced property investors find the right Buy-to-Let deal to suit their goals. Whether you’re buying your first investment property or adding to your portfolio, we’ll guide you through the process and explain your options in clear, simple terms.
​How Buy-To-Let Mortgages Work
Buy-to-let mortgages are specifically designed for individuals who want to purchase property to rent it out. Typically, these mortgages require a larger deposit compared to standard home loans, often around 25% or more of the property's value. Lenders will assess the potential rental income, as well as your financial situation, to ensure you can cover mortgage payments. It's essential to understand the associated costs, including maintenance, insurance, and potential void periods when the property may not be rented out.
Initial Consultation - finding out your goals, income, deposit, credit picture
We can search for the best mortgage rates available on the market and identify the most cost effective solutions for you.
We will compare deals from the market, explaining the pros/cons in plain English
Once you've found that perfect investment property we will take care of the full mortgage application for you. Our team will process your application until the mortgage offer is issued.
Getting your mortgage approved in principle - We will secure your mortgage approval so you can start your house hunting with confidence.
The Bay team then won't leave your side until all the legal work is complete and your property purchase has completed.
Why Choose Us?
Gain exclusive access to a wide range of mortgage options tailored to your needs. Our experienced advisors provide straightforward advice to save you time, money, and stress.
Market Access
We offer access to the entire mortgage market, ensuring you find the best deal that suits your financial situation and goals.
Experienced Team
Our team of seasoned advisors brings years of expertise to guide you through the mortgage process with clarity and confidence.
Exceptional Service
At Bay Mortgages, we prioritise exceptional customer service, going the extra mile to ensure your mortgage journey is smooth and stress-free.
How the Process Works when you are a property investor.
Step by Step
Process
Learn about the steps involved in getting your Buy-To-Let mortgage with Bay Mortgages. From the initial consultation to getting the keys, we guide you through the process with clarity and care.
Explore
Your Options
Next, we'll explore the various options available to you. Our team will present different solutions, explain their implications, and help you make an informed decision that suits your goals.
Initial
Consultation
Start by scheduling an initial consultation with our expert advisors. We'll discuss your needs, answer your questions, and provide personalised advice tailored to your financial situation.
Apply
Complete
We handle the paperwork and keep you updated, we will also guide you through the necessary paperwork and ensure that all legal aspects are handled smoothly. We'll be with you every step of the way.
Jordan dealt with getting our mortgage in a professional manner. He’d go above and beyond to get everything done before the end of each working day, even to the point of using his personal time. Quick responses, and very patient. Would definitely recommend Bay mortgages.
AM Bournemouth