Buy to Let

Easy Mortgages Are Here To Help

A buy-to-let Purchase, a fantastic investment in your future.

You can make a fantastic profit and income, purchasing a buy-to-let property.

My top tips for success in your buy-to-let investment are:

Charles Calvert

Founder & Managing Director

Buy-to-Let

Why Buy-to-Let?

Invest

With fantastic returns it’s hard to think of a better option to do with your money.

Income

Provides a good monthly income, capital growth, pension, secondary income.

Equity

Property prices do go up and down but generally they always appreciate in the long run.

Easy Mortgages

about buy-to-let mortgages

How is a buy to let Mortgage Different?

Buy-to-let mortgages typically require a minimum deposit of 20-25%. The larger the deposit you put down, the greater the range of mortgage products you can choose from and usually the lower the interest rate.

Lenders use a rental affordability calculation to determine how much you can borrow. When assessing your affordability, buy-to-let mortgage lenders will base your loan on the expected rental income of your property.

For basic rate taxpayers, lenders require that the monthly rental income be at least equal to 125% of the monthly mortgage payments on an interest-only basis. For a higher rate taxpayer, lenders will often ask that the monthly rental income is at least equal to 145%.

Things to Consisder

What to Consider before You buy to Let

Identify the type of property you want

Ask yourself these questions:
What is best for you and what is best for the type of tenant you want?

Think practically when choosing

If you are aiming to rent to a single person, a one-bedroom flat with no garden may be better than a three-bedroom house. Select a property that can easily be resold if you no longer want the property.

Consider the age of the property

An older property may need work carried out before you can let it out. Make sure you take these things into consideration when 'crunching the numbers' on your investment and expected returns.

Be strategic about the location

The needs of a tenant who is a student are different to corporate tenants or families. Do you have an ideal tenant in mind, or are you flexible in this regard?

You will also need to carry out a survey of The property

There are three types of survey (RICS):

Condition Reports:

a basic report suitable for all modern properties

Homebuyer’s Reports:

an extensive report suitable for all modern properties

Building Surveys:

a comprehensive report that is suitable for all types of modern, older, listed, altered and unusual property and those in need of structural repair

Will you need a solicitor?

You’ll also need a solicitor (conveyancer) to complete the legal side of the purchase. Easy Mortgages can also arrange this for you with our partner Movin Legal.

Once you have purchased a buy to let property, you will need to prepare for the letting and think about how to maximise your yield.

Consider things such as whether you will manage the property yourself or engage an agent and whether you will let it furnished or unfurnished.

You will also need to prepare to let the property and comply with certain regulations.

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Why Work With A Mortgage Broker

Ensure maximum returns through expert Advice

Once you have found the right property, you will need to arrange the finance to purchase it.

Easy Mortgages will advise you on the buy to let mortgage products on the market – you will need the right deal at the right rate.

Working with a mortgage broker can be beneficial when buying a buy to let property because maximising returns involved securing the best finance possible.

Working with Easy Mortgages offers:

Access to a wide range of lenders – see and compare offers from various lenders at once
Expert advice – with years of experience, the advice a mortgage broker can provide you when buying a buy-to-let property is invaluable
Negotiation power – we can negotiate directly with lenders on your behalf and leverage our relationships and our knowledge of what lenders require to offer the best deal
Time-Saving – paperwork, back and forth, understanding the varying lending criteria of your bank can be a long and convoluted process without help

Becoming a property investor should be an exciting experience to be remembered.
With expert assistance throughout the whole process, it is sure to be.

Becoming a landlord is a tremendous step in your investment journey.
Having the right guidance and finance is essential to success and maximising returns.

5 Star Service

What our clients say about us

Francesca Kirby

18:44 28 Dec 22

Charles was really professional and informative with the whole process and options available to us. Despite the difficult market with interest rate increases he managed to secure us a great rate and kept our payments to a reasonable level. Cannot express how truly grateful my husband and I are for all the work he put into getting us the best offer out there and would happily recommend Easy Mortgages to anyone both first time buyers and people remortgaging.

M C

08:34 18 Oct 22

Charles from Easy Mortgages did a fantastic job! Really pleased with how efficient and straightforward everything is. From initial mortgage approval, through to underwriting, Charles kept us informed throughout the whole process, and dealt with any queries promptly. He is very knowledgeable in his field, and I would not hesitate to recommend his services.

Adam Dowse

17:21 06 Oct 22

After experiencing a great service, when taking out a competitive Life Assurance policy via Easy Mortgages brokerage service, I turned to Charles to find a mortgage for a new property.I wanted a reduced repayment period, but I wasn’t sure how this would impact the repayment costs. Over an online meeting, Charles was able to quickly generate several alternate options for me to consider.There was no pressure in terms of our chosen mortgage, and I was impressed that Charles was able to provide an Agreement in Principle by the end of the initial meeting.Charles is a true professional in his industry, who I would not hesitate to recommend.

Samuel Maximous

18:06 01 Aug 22

This is my first time applying for a mortgage and Charlie has been extremely helpful in every step of the process. He's always responsive, incredibly patient, and very clear in explaining the process. I couldn’t of asked of a better service. I would definitely recommend and would definitely work with Charlie again for my next mortgage! Thank you so much

Lis Small

18:08 04 Apr 22

I recently needed a Buy to Let mortgage and Charles was fantastic. He carried out the necessary research and recommended 3 possible options. He explained the products clearly and was happy to answer any questions, no matter how basic! He saw me through the whole event, ensuring everything was ready for completion.He also helped with a suitable buildings insurance. Again, everything was as promised and now I have a house, properly set up, with happy tenants. Thank you Charles. I will continue to use you when my fixed term comes to an end.I can’t recommend him highly enough.

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