Buy to let mortgage advice.
We specialise in finding the most suitable Buy-to Let mortgages available and have excellent knowledge of the local investment property market
Did you know that rental income is used to assess how much you can borrow? Some, but not all lenders will require you to have a minimum salary and a minimum of 25% deposit. We will be able to help you with finding the right mortgage for your personal circumstances.
The money you earn from renting out the property is liable for income tax. Depending on what threshold this added income takes you up to, you could be paying 20, 30 or 40% tax.
However, bear in mind you can offset some of the income tax with expenses that fall into certain criteria.
Be careful not to assume that the property will always be occupied with a tenant, because if it’s not, it’s important you have a financial cushion that will enable you to continue to the make the mortgage payments.
Also, as with most properties, things can go wrong. Be prepared for the boiler to break or a damaged roof etc… It will be down to you to cover these issues.
With an ever growing team of advisers, there’s always someone ready to speak to you.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Think carefully before securing debt against your home. Your home may be repossessed if you do not keep up payments on your mortgage or any other loans secured on it.
The Mortgage Space Limited Company Registration number 13256613. Registered Address at 12 Oswald Road, Scunthorpe, England, DN15 7PT.
The Mortgage Space Ltd which is registered with the Data Protection Act 1998 registration No. ZB205076 and is authorised and regulated by the Financial Conduct Authority under Firm Reference Number: 968412 is an appointed representative of TMG Direct Limited which is authorised and regulated by the Financial Conduct Authority under Firm Reference Number: 786245 and registered with the Data Protection Act 1998 Registration No. ZA178200
The Mortgage Space is an innovative mortgage company with customer service at the heart of everything we do.