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Everything you need to know about buy to let mortgages

For clients across Berkshire looking at property as an investment opportunity, Beechwood Mortgages can offer practical advice to help you find the best buy to let mortgage.

Whatever your situation, we’re here to help

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MORTGAGE RATES

With access to a whole catalogue of competitive lenders, we can ensure you get the best rates on the market.

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INSIDER KNOWLEDGE

Find out more about market trends and make the most of your purchase.

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ADVICE ON TAX

Learn more about the tax implications on rent from your new property.

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THE RIGHT PRODUCTS

We offer advice on the ideal mortgage rates and most affordable deals for your circumstances.

Navigating you on your buy to let journey

We realise that becoming a private landlord can be a challenge, with various financial responsibilities and legal implications to consider. That’s why Beechwood Mortgages aims to help your transaction run smoothly.

 

Working with our experts gives you access to numerous buy to let mortgages, with varying rates available so you can maximise the potential of your property investment. We have many years’ experience operating in Berkshire and all surrounding counties, giving us an outstanding level of industry knowledge that we’re passionate about sharing with our clients.

 

Please be aware that not all buy to let mortgages are regulated by the Financial Conduct Authority.

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How can we help you?

If it’s your first time buying a property for rental purposes, the process, financial responsibilities and legal obligations may feel daunting. However, Beechwood Mortgages will help simplify the jargon and enable you to consider the key differences when it comes to lenders and mortgages. Some things to consider include:

 

  • Fees and interest rates are often higher than residential deals
     

  • Cash reserves are crucial, preparing you for any major repair work
     

  • Larger deposits are required by lenders
     

  • If a property is unoccupied, you still need to meet your mortgage payments
     

  • As the full mortgage amount is often paid back at the end of an agreed term, it is important for you to try to avoid relying on selling your investment home to pay off this debt
     

  • If house prices fall you may find that you'll be left to make up any financial difference on the mortgage using a different source of capital.

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Save money and access the best rates

If a mortgage deal doesn’t work for you, leaving before the end of the agreed term could lead to early repayment charges from lenders. That’s why it’s imperative that we get this right first time. Our buy to let mortgage experts not only have access to exclusive lenders and deals, but we offer invaluable advice to ensure you get the right rates for you.

 

Remember, there are higher fees and generally higher interest rates on these types of mortgage deals. Our impartial advice can help you consider your options and make a confident choice.  

  • Do all mortgage brokers charge fees?
    No, not all mortgage brokers charge fees, and Beechwood Mortgages is proud to be offering fee-free mortgage services to first time buyers in 2024. (terms & conditions apply) As a mortgage broker, we earn our fees directly from the lender, so in most cases you don't have to worry about paying any additional fees for our assistance. We are committed to helping you find the best mortgage deal without adding any financial burden. Our goal is to make the mortgage process as transparent and cost-effective as possible for our clients. Check out our full fat version Do All Mortgage Brokers Charge Fees? for a complete rundown on broker fees and what to look out for.
  • What does a mortgage adviser do?
    A mortgage advisor will do the leg work for you, offering in-depth knowledge of the property lending market, helping you overcome challenges, and offering exclusive access to a database of banks and building societies. What's more, they offer a level of support that streamlines the entire process and makes things easier for you. You can learn more by visiting our page Why Should I Use A Mortgage Broker?
  • How can I get the best mortgage advice?
    You can seek advice on mortgages directly from lenders such as banks or building societies. Alternatively, you can go to a whole of market mortgage advisor or broker who will search and compare numerous products at the touch of a button. Check out Why Should I Use A Mortgage Broker? for more information.
  • Is mortgage advice free?
    The cost of mortgage advice depends on the terms and conditions of the broker / adviser you are working with. Many mortgage brokers will charge for their services and the amount payable will usually depend on your requirements, their own workload and perhaps on the value of your mortgage. We offer a free consultation every time and will quickly confirm if there will be any charge for our services and support. In the majority of cases, we will receive a commission from the lender once a mortgage starts. It’s important for you to clarify terms and conditions with mortgage advisers from the start so that you are aware of any charges and financial responsibilities you may incur. Check our Fees page for a full rundown on broker fees. You can also visit our page Do All Mortgage Brokers Charge Fees? for further information.
  • Do banks charge for mortgage advice?
    No, banks will not charge an advice fee. You do however need to remember that they will only recommend their own specific products. All lenders charge varying fees and this will be no different if you work with a mortgage broker. Whole of market mortgage advisors / brokers are more likely to provide an impartial perspective on the most suitable and competitive mortgage products and via a huge variety of lenders. Many brokers will charge a fee, for more information check out our article, Do All Mortgage Brokers Charge Fees?

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Get advice from our experts at Beechwood Mortgages

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In need of advice for your buy to let mortgage? Book a FREE consultation

You can reach our experienced advisors by completing our online form or by giving us a call on 0118 9455 477.

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