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Buy to Let / Let to Buy

A buy-to-let (BTL) mortgage is a mortgage for people who want to buy a property (a house or a flat) then rent the property out to tenants. Buy-to-let mortgages generally need a larger deposit than residential mortgages and the interest rates are typically higher. The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value.

Property owners can choose if they wish to have the loan on an interest only or repayment basisWith an interest-only mortgage, your monthly payment pays only the interest charges on your loan, not any of the original capital borrowed.

This means your payments will be less than on a repayment mortgage, but at the end of the term you’ll still owe the original amount you borrowed from the lender.

With 
a repayment mortgage, you pay back a small part of the loan and the interest each month. Assuming you make all your payments, you’re guaranteed to pay off the whole loan at the end of the BTL Mortgage term.

Let to Buy
 (LTB) is a mortgage solution giving homeowners the freedom to move from their existing house whilst removing any pressure  to sell.

 

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If you don’t have a sufficient deposit to buy your new home, but you have good equity in your existing property you can do a let to buy mortgage to release equity for your deposit. The property is then let out using the rental income to cover the let to buy mortgage payments.
In cases like this we are usually applying for two mortgages on behalf of our clients (a residential mortgage and a buy to let mortgage) and processing them simultaneously so that the lender is clear your current property will be rented and future property purchase you will live in.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The Financial Conduct Authority does not regulate most Buy to Let Mortgages.

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How to find us
155 Spencer Road Derry-Londonderry BT47 6AH

CONTACT

Kelli Wilson trading as KW Mortgages is an Appointed Representative of PRIMIS Mortgage Network which is a trading name of First Complete Limited. First Complete Limited is authorised and regulated by the Financial Conduct Authority. 

Your home may be repossessed if you do not keep up payments on your mortgage.

We do not charge a fee for initial consultation or insurance advice. However, depending on your circumstances and the mortgage product, if we charge a fee it will range from £250 - £300, which will be payable on receipt of a formal mortgage offer. The fee will be discussed and agreed with you at initial consultation.  

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

+44 7834 029614
office@kw-mortgages.com
Kelli Wilson trading as KW Mortgages is an Appointed Representative of PRIMIS Mortgage Network which is a trading name of First Complete Limited. First Complete Limited is authorised and regulated by the Financial Conduct Authority. 

Your home may be repossessed if you do not keep up payments on your mortgage.

We do not charge a fee for initial consultation or insurance advice. However, depending on your circumstances and the mortgage product, if we charge a fee it will range from £250 - £300, which will be payable on receipt of a formal mortgage offer. The fee will be discussed and agreed with you at initial consultation.  

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

© 2022 KW-Mortgages | Kelli Wilson Mortgages & Protection
© 2022 KW-Mortgages | Kelli Wilson Mortgages & Protection
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