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Buy-to-Let Mortgage Broker Essex & Suffolk2021-06-30T11:41:54+01:00

Buy-to-Let Mortgage Broker in Essex & Suffolk

Unbiased, stress-free buy-to-let mortgage advice from the top mortgage broker in Essex & Suffolk.

    Looking to kickstart the investment process with a buy-to-let mortgage? Get in touch with Fees Free Mortgages today.

    We’re a Top Rated Buy to Let Mortgage Broker

    We are a Top Rated 2021 vouchedfor buy-to-let mortgage broker in Essex & Suffolk, checked more thoroughly than any other.

    Check our reviews

    vouchedfor Reviews

    • Martin Bright could not have done anything better, he listened to my needs, acted upon them promptly to get me the best and the right deal.

    • Martin was a tremendous help with mortgage and life insurance advice. His knowledge and expert advice was a real guiding light throughout the complexities of navigating both these areas for the very first time. We wouldn’t hesitate to recommend him. He is personable, conscientious and everything you could hope for in an advisor.

    Vouched - Top Rated Remortgage Broker in Essex & Suffolk
    Mortgage Broker Essex & Suffolk
    Certificate in Mortgage Advice and Practice (CeMAP) - Fees Free Mortgages

    Buy-to-Let Mortgage Broker in Essex & Suffolk – Our Tailored Approach

    Unlock the power of buy-to-let investment with the help of our mortgage experts. Whether you’re a first-time investor in need of advice or an experienced landlord looking to expand your portfolio, we’ll find the best buy-to-let mortgage for you.

    Fees Free Mortgages understand that your situation is unique – that’s why our advisors work to tailor our buy-to-let services to your exact requirements. Click the button below to fill in our quick, simple buy-to-let questionnaire, and let us do the rest.  Using the information you provide, we’ll assign you a friendly buy-to-let mortgage advisor, who’ll keep you in the loop whilst finishing the ‘fact-finding’ and research process.

    Schedule an Appointment Today

    Unbiased, expert buy-to-let mortgage brokers

    Our friendly, experienced team of brokers and advisors work with your best interests at heart – consistently sourcing the most suitable buy-to-let mortgage deals on the market.

    • Fees Free Mortgages aren’t tied to any specific lenders and don’t work on a commission basis, meaning our advisors are perfectly placed to find the best buy-to-let mortgage for you. 

    • Our unprecedented industry network and commitment to research help us secure the most suitable buy-to-let mortgage rates for our clients, every time, ensuring the sustainability and success of your investment.

    Remortgage Broker in Essex & Suffolk

    Generate an income and meet mortgage repayments

    Ensuring your property is successfully and consistently let is one of the keys to thriving as a buy-to-let landlord.

    • Our commitment to finding the most suitable, lowest buy-to-let mortgage rates help us provide you with the lowest possible monthly rates – helping increase your profit margin as much as possible.  

    • Our lenders offer both capital repayment, and interest-only buy-to-let mortgages, giving you access to a wide variety of investment strategies.

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    Benefit from fees free buy-to-let mortgages

    Fees free mortgages means that you don’t have to pay a large lump sum to secure the deal you want. 

    • No need to pay any fees for arrangement upfront, which can be tricky if you’re on a tight budget.

    Remortgage Broker in Suffolk

    The Top Buy-to-Let Mortgage Broker in Essex & Suffolk – Bespoke Applications Tailored Around YOU

    If you are considering a buy-to-let mortgage, make sure to contact our fees free independent buy-to-let mortgage advisors, who will consider all your circumstances as well as available deals before offering impartial advice about which mortgage options are right for you.

    How it works

    Buy-to-Let Mortgages in 5 Easy Steps

    The team at Fees Free Mortgages understand the importance of finding the right buy-to-let mortgage for you – that’s why we work on a commission-free basis and aren’t tied to any one lender. Our brokers and advisors are motivated by your needs and ambitions – meaning we’ll find the most suitable deal for you.

    Remortgage Broker in Essex & Suffolk

    Why Choose Us as Your Buy-to-Let Mortgage Advisor?

    We’ll find the best buy-to-let mortgage deal that suits you and give you expert financial advice while taking care of your whole mortgage application. Best of all, we’re FEES FREE! Putting the Free in Fees Free Mortgages.

    Fees
    Free

    No mortgage broker fees – Many firms charge upfront fees, or fees on completion.

    Personal
    Service

    No call centres and only 2 points of contact (Mortgage Broker & Case Manager)

    Unbiased
    Advice

    We review the whole of the market, giving unbiased and independent mortgage advice.

    Regulated &
    Accountable

    We are directly authorised by the FCA and fully accountable for the mortgage advice we give.

    Free
    Advice

    Free financial advice, including; mortgage, life insurance & protection.

    Ongoing
    Contact

    We handle all the hard work and keep you updated until your mortgage completes.

    We’re Not Just a Buy-to-Let Mortgage Broker…

    We love providing whole of market mortgage advice in Colchester and believe that any interaction with us will be a positive experience because we do our best to help you achieve all your mortgage goals!

    First Time
    Buyers

    We love helping you get on to the property ladder. We’ll oversee your first purchase from start to finish!

    Buy-to-Let

    Looking to jump-start your investments with a buy-to-let mortgage? We will find you the best deal!

    Remortgages
    .

    We’ll review your options with your existing lender and compare them against the market for you. 

    95% Mortgages

    Whether you’re an experienced mover, or a first-time buyer, take advantage of the 95% mortgage guarantee scheme today!

    Help to
    Buy

    Need Help to Buy advice? Our straightforward team of Help to Buy experts will put you in the picture.

    Self-Employed
    Mortgages

    Are you self-employed and looking for an excellent mortgage deal? Our simple process will explain it all to you, and give you peace of mind.

    Buy-to-Let Mortgage Advice (FAQs)

    Is buy-to-let a good idea?2021-06-17T13:22:06+01:00

    This depends on your personal circumstances, but there is a range of factors to consider when entering the buy-to-let market. This also depends on what type of investment you are looking to make, and what you are looking to achieve from your investment. Let’s look at some advantages and disadvantages.

    The obvious advantages of buy-to-let include the fact that you can earn rental income from properties. In some locations towards the north, your rental yield can reach up to 8%. Additionally, you could experience capital growth as both your investment and the property value increase. Finally, there is a range of insurance options available to protect you against loss of rental income when a property is vacant, and from damage and legal costs.

    On the other hand, you will likely have a significantly higher tax bill, and you will have to allow for insurance, natural wear and tear, and stamp duty into your expenses. Furthermore, if you don’t have the correct insurance, then vacant spells and damage to your property will not be covered. Another thing to consider is that if the value of the property falls, your capital will also decrease. With an interest-only BTL mortgage, you will have to make the difference if the property is sold for less than what you bought it for.

    Remember that being a landlord is a big responsibility too! You will also have to keep your knowledge up to date of laws, regulations, and your obligations to your tenants.

    Why are buy-to-let mortgages interest only?2021-06-17T13:21:10+01:00

    Not all buy-to-let mortgages are interest only, though many are, and many landlords will opt for an interest only BTL mortgage. This is because they will only pay the interest on the mortgage each month, so their monthly payments are lower, and so they can profit more from rental income.

    As discussed above, a BTL mortgage typically (and in short) means that the landlord will only pay the interest on the mortgage each month, so the balance owed remains constant throughout the term. However, at the end of the term, they must pay off the balance in full.

    By being able to take a greater surplus from monthly rental income (due to smaller monthly mortgage payments), landlords can improve profit margins and can put aside more for unexpected property costs, invest in improvements, or save more to invest in new property.

    How many buy-to-let mortgages can I have?2021-06-17T13:20:41+01:00

    The answer to this is highly variable. It largely depends on the lender(s) that you are seeking buy-to-let mortgages from, with some lenders limiting the number of buy-to-let mortgages you have with them, and others limiting the number of buy-to-let mortgages you have at any one time with other lenders.

    Some lenders have what is termed an ‘exposure limit’, with can limit the number of buy-to-let mortgages you have with them at any given time (for example, to four or five), or can limit the total value of your total buy-to-let mortgages with them to a set value (£5 million, for example), or a combination of both.

    Other lenders will have exposure limits in place for other lenders. This means that to get a buy-to-let mortgage with a particular lender, they will place a restriction on the total number of, or the total value of buy-to-let mortgages that you have with other lenders before they will grant you one. These are highly variable among lenders, but many will not impose this.

    How are buy-to-let properties taxed?2021-02-07T12:05:18+01:00

    Whilst landlords are generally entitled to £1000 of tax-free income per year, the vast majority of rental income is taxable, and must be declared as part of your self-assessment tax return, whilst those earning specifically between £1000 and £2500 must contact HMRC. Upon filing, income tax for landlords earning above the £1000 threshold will be charged in accordance with income tax banding if applicable. This banding is as follows; 

    Basic rate – 20%

    Higher rate – 40%

    Additional rate – 45%

    How much deposit do I need for a buy-to-let mortgage?2021-02-07T12:05:00+01:00

    Buy-to-let mortgage lenders generally require a higher deposit than that seen in typical residential agreements. Though this usually sits at around 20 to 30% of the property’s value, it is not uncommon for buy-to-let lenders to require a deposit of up to 40%. These large deposits provide assurance to the lender in the instance of tenant rental default or periods of vacancy.  

    If you find these high deposit rates daunting, you may wish to seek assistance from a reputable mortgage broker, like Fees Free Mortgages. As a result of our extensive industry knowledge and network, we’re able to source the most secure, suitable, and cheapest deals for our clients.

    How do buy-to-let mortgages work?2021-02-07T12:04:35+01:00

    Buy-to-let mortgages are generally available on both an interest-only, and capital repayment basis. 

    Interest-only mortgages, a common choice amongst investors, particularly in the buy-to-let market, allows property owners to pay only the outstanding interest on their loan, meaning the borrowed balance is not due until the end of the specified period or term. This method significantly reduced monthly outgoings for landlords and generally allows for the maximisation of rental profits.

    Capital repayment, on the other hand, requires the borrower to repay both capital and interest. There are marked pros and cons to each of these repayment options within the context of buy to let properties – it’s highly advisable to discuss these with a mortgage broker experienced in the buy to let sector. 

    What is buy-to-let?2021-02-07T12:04:19+01:00

    Buy-to-let (BTL)  is a common process by which landlords or investors purchase a property with the sole intent of letting for a profit. Though buy-to-let properties are primarily placed within the residential sector, the term also covers investment properties such as student accommodation. Those investing in buy-to-let properties effectively become landlords. Though investors may purchase buy-to-let properties with cash, a common method for securing an investment flat, home, or commercial property is through a buy-to-let mortgage. 

    When reviewing a buy-to-let mortgage application, lenders will take into account traditional factors such as income and expenditure, whilst noting the potential rental price of the property.

    What is buying ‘off-plan’?2021-02-07T12:03:42+01:00

    The phrase buying ‘off-plan’ refers to the process of purchasing a property based entirely, or near entirely on specifications, prior to building completion. This complicates the mortgage application and approval process slightly, because delays, setbacks, and the building process as a whole may lead to the need for extensions, renewed offers, and re-evaluation. This lengthy process often results in repeat fees – something we don’t believe in. 

    The team at Fees Free Mortgages are highly experienced in finding the best possible mortgages for off-plan purchases and know the application and re-evaluation processes inside-out. If you’re looking to buy off-plan for your buy-to-let property, contact one of our friendly advisors today – we’ll be happy to help you.

    Request Free Buy-to-Let Mortgage Advice

      Looking for buy-to-let mortgage advice? Get in touch with Fees Free Mortgages today. The top mortgage broker Essex & Suffolk.

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