Buy to Let Mortgages in Bromley

Mortigo: Expert Buy to Let Mortgage Brokers in Bromley

If your are looking to purchase a property to rent you will need to obtain a “buy to let mortgage”. Contact Mortgio today for expert buy-to-let mortgage advice in Bromley.

How do buy-to-let mortgages work?

A buy-to-let mortgage is a mortgage specifically for investors who want to buy a property to rent it out. The criteria for these mortgages are usually stricter than for a standard mortgage, and the interest rates are often higher. But buy-to-let can still be a good investment, providing you adhere to certain rules.

To begin with, you should only consider buy-to-let if you’re genuinely interested in becoming a landlord – it’s not a quick way to make money. You should also have a realistic idea of the costs involved, such as maintenance, insurance and the like. These costs can eat into your profits, so it’s important to factor them into your calculations.

If you’re thinking of taking out a buy-to-let mortgage, then make sure you do your research first. But done correctly, buy-to-let can be a great way to invest in property.

Step 1: Fill Out Your Application

Step 2: we generate your agreement in principle

Step 3: Sign on the Dotted Line

highly recommended.

Vonne at Mortigo was my mortgage broker when buying my new flat. As a first-time buyer I had lots of questions (some pretty silly ones too I can imagine) and he has been of great support guiding me throughout the entire process. I can definitely recommend Vonne at Mortigo to anyone looking for a mortgage advisor, especially as a first time buyer who has no clue about what to do when. Thanks again for all your support! I'm now pretty much all settled in my new flat.

I unreservedly recommend Mortigo. They have handled 3 of my properties seamlessly - always on hand to answer queries, always available to answer queries quickly and efficiently - customer service at its finest. Their ability to survey the market to get the best deal is most appreciated whether it is a buy to let, residential deal or indeed a remortgage!

Working with Vonne was a breath of fresh air following a difficult experience with a previous advisor, Vonne quickly restored my faith by being patient, knowledgeable and answering all my questions, he did his homework and made sound recommendations. He kept me sane through the process and provided regular updates. Finding an honest and reliable professional who really knows their stuff is rare. I will be keeping his business card safe for future house purchases. This man is worth his weight in gold.

Vonne provided extensive knowledge and support. He was thorough, honest and reassuring which made us feel at great ease, considering it our first joint mortgage application in such uncertain times. Before completion we had a slight hiccup with the solicitors and Vonne quickly found a solution with our lenders which enabled us to purchase our home and save some money in legal fees! So glad my husband and I approached Mortigo and we will most definitely use their services again in the near future.

Vonne is an amazing Broker who I will recommend to my friends. He made me feel at ease and after speaking to other Brokers prior to Vonne, I am glad I chose him. Thank you for helping me with my first property.

Great service and excellent knowledge! Would highly recommend Vonne. He has a wealth of knowledge and made everything understandable and straight forward! Kept us updated throughout and has made everything a lot less stressful! Exactly what you need when you are buying a home. Would highly recommend. Thank you again!

We recently purchased a new build via the help to buy scheme. We thought getting a mortgage would be almost impossible but Vonne gave us honest feedback and the options that would be available to us. He guided us through the whole process and kept us updated throughout. Vonne is professional and personable and knows his stuff. We were extremely grateful for Vonne's help and I would highly recommend him and we will certainly be using Vonne again when we are ready to remortgage.

What are the advantages and disadvantages of buy-to-let mortgages?

Buy-to-let mortgages are a popular option for landlords looking to buy property to rent out. However, there are both good and bad aspects to this type of mortgage.

One of the main advantages is that buy-to-let mortgages often have lower interest rates than regular mortgages, making them more affordable in the long run.

Additionally, buy-to-let mortgages typically have longer terms than regular mortgages, giving landlords more time to pay off the loan.

However, there are also some drawbacks to buy-to-let mortgages.

One of the biggest is that they often require a larger down payment than regular mortgages, meaning that landlords need to have more money saved up in order to qualify.

Additionally, buy-to-let mortgages usually come with stricter lending criteria than regular mortgages, so it can be harder for landlords to qualify.

Overall, buy-to-let mortgages have both good and bad aspects that potential borrowers should be aware of before making a decision. If you’re looking for expert buy-to-let mortgage advice in Bromley, contact Mortigo today.