Mortgage Advice

Buy To Let*

Buy to let mortgages* have a number of key differences to mortgages for your own home. Firstly they are normally offered on the strength of the rental income projected for the investment property that you would like to buy, rather than upon your level of income personally.

Whilst most buy to let mortgages do have a minimum income requirement, the level of rental income compared to the monthly cost of the mortgage is more important to the lender than your income. For example a typical buy to let mortgage requires that the projected rental income per month should be around 145% more than the mortgage costs per month.

Although there is no guarantee that it will be possible to arrange continuous letting of a property, nor that the rental income will cover the cost of the mortgage. As a mortgage broker in Harrogate specialising in Buy to Let mortgages, we have access toa suitable mortgage for your circumstances at competitive rate.

There may be a Broker Fee for mortgage advice, the precise amount will depend upon your circumstances. A typical fee is up to £395 payable at the outset.

Your property may be repossessed if you do not keep up repayments on your mortgage.

*The Financial Conduct Authority does not regulate some forms of Buy to Let Mortgages.




Affinity Individual Mortgage Services Limited is an appointed representative of Primus Mortgage Network (PRIMIS) a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority. PRIMIS is only responsible the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by Affinity Individual Mortgage Services Limited may not be the responsibility of PRIMIS and may also be subject to regulation by the Financial Conduct Authority.

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