Getting the right kind of buy to let mortgage deal is essential to success in property investment. If the interest rate is too high then this will only eat into the potential profits. This particular client came to us after deciding it was time to restructure his buy to let portfolio. Buy to let landlords are currently being hit by extra stamp duty charges and a loss of mortgage interest tax relief.
Landlords are now having to take a closer look at where savings can be made to maximise returns from their portfolios or raise funds to invest in further properties.
We met with the client to discuss his requirements and tailor a buy to let mortgage solution to suit his requirements.
Property Value: £200,000
Loan Amount: £140,000
Rate: 2.19% 5 Year Fixed
Term: 20 years Interest Only
Mortgage Payment: £600 pcm