Simply Business
Buy to Let Mortgages - Get a Mortgage Today!
Simple Business Buy to Let Mortgages: Buy-to-Let mortgage offers a loan to purchase a property with purpose to let it to tenants and as it is based on the applicant income, it differs from a standard mortgage. It offers 85% of the property cost and 15% has to be paid by the buyer. Buy-to-Let Mortgage includes many variations of fixed and variable but generally they are of two kinds that are: Fixed rates and Variable rates.
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Simply Business has commercial mortgage brokers and lenders ready to offer you specialized mortgages such as a Buy to Let Mortgage. Buy to Let mortgages are designed for businesses and individuals looking to purchase property for the purpose of letting it out to tenants. These mortgages are another form of commercial loans and are available for those who are self employed, sole traders, limited companies, partnerships as well as many other businesses.
A Buy to Let mortgage differs from other standard mortgages in that it is not based on the income of the applicant but based on the rental income anticipated from the rental property. Most Simply Business lenders will typically lend approximately up to 85 percent of the property value on a Buy to Let mortgage.
There are two variations on the interest rate of Buy to Let mortgages – fixed and variable. Fixed rates remain the same over the specified length of the loan which gives you a constant monthly payment. The payments with a variable rate are dependent on the interest rate set by the Bank of England and your payment may change each month.
Buy to Let mortgages from Simply Business are for investors, those seeking a pension alternative, and those seeking medium and long term results. The benefits include; significant revenue source, investment that provides steady income, will diversify your portfolio.
Once you have found a property to invest in you are ready to start the Buy to Let mortgage process online at Simply Business. Our application process is quick and easy and we have friendly, professional agents available to assist you in the process or answer any questions you may have.
Simply Business is in the business of making your dreams come true and giving you peace of mind. Contact us today for full Buy to Let details and information.
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