Landlord Financing
Landlord financing is designed to assist you as you build your property portfolio, providing access to the right buy to let mortgage options that will deliver the financial returns on your rental investments you need.
Our highly experienced landlord financing advisers are here to provide all the advice you need whilst helping you find the right deals at profitable rates.
Talk to our expert landlord financing advisers in Birmingham about your financial situation today and we’ll help you find the right mortgage products to suit your needs. Call us today on: 0345 066 6555 or drop in to see us in Birmingham at Coleshill Road.
Landlord Financing Options
Properties intended for use as a rental investment are seen as an extra risk for lenders so specialist buy to let mortgage products for landlords ensure you can access great deals for the rental income you will earn.
Buy to let mortgages
How is a buy to let mortgage calculated?
Buy to let mortgages are typically interest only mortgages determined by the amount of rental income you will earn. Lenders usually expect the monthly repayment to be larger than your monthly rental income.
With an interest only mortgage you can benefit from lower monthly repayments with the full cost of the mortgage due at the end of the mortgage terms.
Each month you will pay off the interest on the mortgage. If you sell the property before the end of the mortgage terms or once the terms come to an end you can use the funds to pay the outstanding mortgage left.
Deposit and LTV (Loan to Value)
Lenders will expect a deposit of around 25% of the value of the property you want to buy giving you a LTV (loan to value ratio) of about 75%. For a buy to let mortgage on a property worth £200,000 with a 25% deposit you would be looking at a buy to let mortgage for £150,000.
Fixed Rates and Variable Rates
Fixed rate mortgages require you to pay a set amount each month whilst payments on a variable rate mortgage could change at the discretion of your lender.
Interest only mortgages
Monthly repayments on interest only mortgages are lower than repayment mortgages however you will have to pay off the mortgage when the mortgage terms end.
Mortgage terms
Mortgage terms set out how long your mortgage will last. Typically terms last for 25 years although they can be as long as 30 or 35 years in some cases.
Buy to let stamp duty
You will need to pay an extra 3% on all standard stamp duty rates with a buy to let mortgage.
Buy to let mortgages for companies
If you operate through a limited company, you may be interested in obtaining a limited company buy to let mortgage.
Buy to let for portfolio landlords
If you have a property portfolio covering four or more rental properties with mortgages on each, you may be interested in a landlord portfolio buy to let mortgage.
Commercial Mortgages
If you’re a business interested in using a first legal charge on your business premises to obtain a mortgage for more than £25,000 you may want to apply for a commercial mortgage.
Bridging loans
Bridging loans can provide a quick, temporary financial solution to tide you over whilst you await further funds. They usually have a maximum LTV of 75% so you’ll need a deposit for at least 25% inclusive of all costs involved in the loan.
Discuss all your right options with our experienced landlord financing advisers in Birmingham today. With access to 100s of the most appropriate buy to let mortgage deals and many years experience, we’ll find the right product for you. Call: 0345 066 6555 or drop in to see us at Coleshill Road, Birmingham.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
SOME BUY TO LET, COMMERCIAL MORTGAGES AND BRIDGING FINANCE ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.
Stamp Duty Calculator
Need to work out how much stamp duty you’ll pay? Use our stamp duty calculator to crunch the numbers for you and uncover your potential land tax obligations.
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What our customers say about us
Blossomfield mortgages were very helpful to me and my partner when we first enquired about whether we were mortgageable to buy our first home. We were very impressed with their professionalism. Best mortgage broker in Birmingham!
Sam Ansell
Amazing service provided by Blossomfield in a quick and timely manner. No matter what questions we had they were always willing and happy to answer with their wide knowledge and experience. Would recommend Blossomfield to anyone.
Geraldene Marsh
Excellent service, quick turnaround, as promised. Will be using again and again. Would highly recommend Blossomfield Mortgages.
James Dean
Excellent service from Blossomfield Birmingham, they were able to sort a mortgage out for me very quickly and made the whole process simple and stress free, always available when needed and provided regular updates.
Jack Moriarty
I approached Blossomfield regarding a mortgage using there Birmingham branch and the service I have received has been nothing short of amazing their efficiency and passion to get everything done and approved in a professional manor is astounding.
Ryan James
Blossomfield Mortgages provided fantastic advice. Our mortgage approval went through very fast, as our mortgage was handled with the utmost urgency. From start to finish, the whole process was a breeze. We sat back and let them handle all the hard work.
Lewis Jewsbury
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Frequently asked questions...
I am self-employed. Can I have a mortgage?
I am self-employed. Can I have a mortgage?
Yes, our mortgage brokers at blossomfield have access to a wide range of lenders. This includes products specifically for people who are self-employed. We can't guarantee you'll always get what you're looking for, but we'll do our best to assist.
How much can I borrow for my new mortgage?
How much can I borrow for my new mortgage?
How much you can borrow is down to your individual affordability, taking into account your income and outgoings. Lenders will also look at your credit score and any financial commitments you currently have. Our mortgage brokers will always advise you on the lender(s) who can offer you the most suitable and affordable mortgages.
What does loan to value mean?
What does loan to value mean?
When using a mortgage to buy a property, you will need to work out how much of a deposit you can pay upfront before a mortgage lender gives you the rest.
The difference between the mortgage amount borrowed and the value of the property is known as the loan to value, typically abbreviated as LTV.
