Buy To Let & Portfolio Investor Mortgages
Buy to Let Investor Mortgages with Interest Rates Starting at just *1.49% (*= for a discounted period)
If you are considering the purchase of an investment buy to let property or already have a large portfolio of properties you are in the right place. Element Finance work with a broad range of Mortgage providers that offer both fixed and variable interest rates.
Buy to let Mortgages allow the borrower a first charge loan using an investment residential property as security.
The buy to let mortgage is set-up so that the property is tenanted out and the mortgage payments are covered by the rent generated by the tenant within the security.
A portfolio mortgage straddles the border between buy to let lending and commercial mortgages as a loan over multiple properties. In a buy to let form this will take individual loan charges against each property whereas in commercial form a single loan facility can stretch over multiple properties. The former tends to be interest only, the latter amortizing.
The two main forms of buy to let products are:
- Interest only products
- Capital and interest repayment products
A buy to let mortgage provider will lend to a set percentage of the purchase price of the property and this is generally at the top end (Loan to Value) of alternate forms of finance the highest LTV’s available are 75-85%.
As a long-term product the rates often tend to be very competitive and the borrower is provided with a choice of a fixed or variable rate product. A fixed rate product allows the borrower to plan monthly expenditure; a variable rate product holds the advantage of a potentially decreasing monthly payment.
For assistance with obtaining your Investor Mortgage Facility at the best interest rates and terms please call us today to see how we can help or submit an enquiry and we will contact you. Our advice is given freely, in confidence and without obligation.