Buy to Let Mortgages
Buy to let
Providing mortgage options in Shrewsbury and Shropshire
Buy to let mortgages in Shrewsbury
Buy to let mortgages are aimed at landlords who are looking to buy a property so they can rent it out.
At Millennium Wealth Management, we can assist in making the most of your buy to let mortgage.
We specialise in helping our clients build up large buy-to-let portfolios, whether that be for personal or commercial reasons.
We charge a fee of up to 1% of the facility agreed payable upon production of a mortgage offer. Our typical fee is £495.
Thinking of renting?
Renting property to tenants should not be seen as an easy way to make money – it can take time and house prices are not guaranteed to rise. However, over a long period of time, there could be massive financial rewards to enjoy.
You can usually get a buy to let mortgage if you already own your own home, earn more than £25,000 a year, you’re a certain age, you have a good credit score, you can afford to take a risk and you want to invest your money in property.
The Financial Conduct Authority does not regulate most Buy to Let Mortgages.
Differences between mortgages
A few of the key differences between buy to let mortgages and others is that deposits are likely to be much higher – at least 20 per cent.
It is also worth planning for times when you may have no income as your property is not always guaranteed to have tenants.
The Financial Conduct Authority does not regulate most Buy to Let Mortgages.
We charge a fee of up to 1% of the facility agreed payable upon production of a mortgage offer.
Our typical fee is £495.