Secure your financial future with a buy-to-let mortgage

A buy-to-let mortgage is a type of loan that allows borrowers to purchase a property and rent it out, typically as a form of long-term investment. Buy-to-let mortgages are different to other types of mortgages in several ways. Lenders tend to consider them to be riskier than a residential mortgage, so they often require larger deposits. The interest rates charged on buy-to-let mortgages also tend to be higher since they involve additional risks for the lender.

With a buy-to-let mortgage using our buy-to-let advisor Birmingham, you will be assessed differently compared to other mortgages. Lenders tend to be more interested in the rental income rather than your salary or employment status.

One of the main attractions of buy-to-let mortgages is that they offer investors an opportunity to diversify their portfolios and benefit from rental income. However, the potential returns must be weighed against the additional risks associated with these investments when deciding whether or not to pursue this type of investment strategy.

If you’re interested in a buy-to-let mortgage, speak to our expert buy-to-let Birmingham advisor team for advice and support you can trust.

What is Top-Slicing?

Top-slicing is the term used where the lender uses the borrower’s personal income to top up a shortfall in the “stress tested” rental.

Lenders “stress test” mortgages to ensure that not only are they affordable now, but would also be affordable if interest rates increased. Unfortunately, this stress testing can mean that your application fails affordability.

One potential solution is “Top-Slicing” whereby a lender will use the borrower’s personal income to top up any shortfall in rent to allow the borrower to obtain the loan amount they require.

A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

Please Note: The Financial Conduct Authority does not regulate some forms of buy-to-let mortgage.

speak with an expert

For independent mortgage advice that is tailored to your specific needs, get in touch with the experts at RM Mortgage Solutions today.

Why trust RM Mortgages Solutions?

By choosing us as your independent mortgage advisor, you can be sure to receive comprehensive advice from experienced professionals with access to cutting-edge information about the current mortgage market. Our team of experienced professionals takes pride in their ability to build long-term relationships with clients and assist them throughout the entire mortgage process, from start to finish.

We understand that each client’s situation is different, so we work hard to ensure that each mortgage is tailored specifically to fit your requirements. We always provide impartial advice and unbiased opinions – allowing our clients complete peace of mind when making important financial decisions.

To discover what RM Mortgage Solutions can do for you, get in touch with our specialist advisors today.

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