26 Lowther Street, Carlisle, CA3 8DA

Buy To Let

Mortgage or Remortgage

A buy to let mortgage (sometimes called a landlord mortgage) is a secured loan which has been designed for those who want to invest in a property to rent out to others, either as a short-term holiday let or residential lease for tenants or students.

Stan Sherlock Associates

Buy To Let

Whether you’re buying your first buy to let, or you are a portfolio landlord, getting advice to make sure you have the right mortgage for your investment is really important.

Buy to let mortgage interest rates and deals can differ to those for a home you plan to live in and are often more costly. Lenders are likely to consider these types of mortgages more like a business transaction and often require a higher deposit or offer a lower loan to value. There are also tax implications associated with property investment, and Stamp Duty Rates are higher. Whether buying your first buy to let property, adding to your property portfolio or remortgaging, our specialist knowledge will help you find the right buy to let mortgage for you and your personal circumstances.

Most buy to let mortgages are not regulated by the Financial Conduct Authority.

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

FAQ

Buy To Let Questions

Take a look at the frequently asked questions we receive from our valued clients and find the information you’re looking for.

A buy to let mortgage is largely the same as a residential mortgage but tailored towards investment. There's not really a big difference in the mechanics of how the mortgage is structured. The basics remain the same... you need a deposit, you are assessed by a lender who will look at the affordability and you could be offered a buy to let mortgage on a variable rate, fixed rate or a tracker.

The main difference however is how the lender assesses you as a borrower... in terms of affordability. For example, for many buy to let lenders the main concern is that the rental income exceeds the mortgage payment by a certain proportion set by the lender. This is known technically as ICR (interest cover ratio).

You may be able to obtain a buy to let mortgage with a deposit as low as 20%. Although as with most mortgages the larger deposit you have the more competitive the rate is.

When financing a buy to let portfolio, or your first investment property, we would highly recommend taking advice from a mortgage broker.

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Stan Sherlock Associates Buy To Let Service

Why Work With Us?

At Stan Sherlock Associates, arranging a buy to let mortgage or remortgage is not a one-off transaction. We aim to build long term relationships with our clients and provide you with an advice service over the lifetime of your mortgage or mortgages which ensures you always have the right deal for your situation.

Although based in Carlisle, our clients come from much further afield. We regularly work with clients from across Cumbria and throughout the UK. Many of our mortgage advice services can be provided by phone and email but our mortgage advisers are always happy to meet you face to face.

Buying a newly constructed property?

Our professional mortgage advisers are well positioned in the market and can provide exclusive new build mortgage offers that you won’t find on the High Street.

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Disclaimer: The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available in any other country which may have access to it.

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Company Information

Registered Address: 26 Lowther Street, Carlisle, Cumbria, CA3 8DA

Company Number: 05718865

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Stan Sherlock Associates Limited is an appointed representative of the Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the financial conduct authority.

The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Most buy to let mortgages are not regulated by the financial conduct authority. 

Approved by The Openwork Partnership on 16/12/2024

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