A buy to let mortgage is designed for borrowers who want to let their property out to a third party (i.e. tenants). These days, more and more people are investing in property as a long-term opportunity to make profitable returns and as a way of securing finance for their retirement.

This is a rapidly changing market place and requires great knowledge to avoid the many pitfalls. At Asset Management Financial Advisers Limited, we are able to search the whole of the market for the most appropriate offering for you. Whether you are a first-time landlord or have a large portfolio of properties, we have the expertise to help you.

Buy to let mortgages are designed for property investors and private landlords who do not intend to live in the purchased property. Buying additional property for the purpose of letting it to earn rental income can be risky and complicated since there is no guarantee that house prices will rise nor that rental income will be uninterrupted. However, letting a second property to tenants could return respectable financial rewards over the longer term, but it’s important to properly consider both the risks and rewards involved.

There are a number of companies in the market place, ranging from well-known high-street names to specialist bespoke lenders. A number of these specialist lenders do not deal directly with the public and are only available to access if you go through an intermediary. It is probably fair to say that the world of buy to let lending is a little more complicated than it is for ordinary residential lending, so speaking to a qualified adviser first is always a sensible choice.

Buying a buy to let property through a limited company involves creating a company often described as a ‘special purpose vehicle’ (SPV). This company will be used solely for buying, letting, managing and/or selling residential real estate.

The company, rather than the individual landlord, will appear as the owner of the property at the land registry. Landlords can create the company to purchase one property or several, use it to sell or manage assets, and instruct letting agents and other professionals as if they were managing their property business as a private individual.

Asset Management Financial Advisers Limited can help ease the stress by arranging your application to the recommended lender, dealing with the lender’s requirements, your solicitor and the estate agent, leaving you free to get on with your life and work commitments. Contact us today on 02380 420 606 to find out more.