For approximately the last 20 years, lenders have been available to serve the Buy-to-Let market.
Often, these lenders are subsidiaries of mainstream or ‘high street’ lenders with specific criteria related to the purchase and ownership of buy-to-let properties rather than owner occupied properties.
Buy-to-let properties are essentially bought as an investment and let out to tenants in exchange for a monthly or annual rent.
Lenders in this market have developed their lending criteria differently with some lenders happy to lend to first-time landlords, some lenders not willing to lend on ex-local authority properties and some lenders not willing to lend on property located above commercial premises. These are only a few examples of the different criteria currently in the marketplace.
At Excel Financial Services, we pride ourselves on being able to source, advise upon and arrange the most suitable Buy-to-Let mortgages for our clients’ circumstances and requirements.
This can be a complex market due to the many variables that can be involved, by way of both client circumstances and the property they may wish to purchase and therefore our expert advice in this market is highly sought after.
When clients consider having investment property, they must also consider the various taxes that could be appropriate such as Stamp Duty, Income Tax, Capital Gains Tax and Inheritance Tax.
Our Adviser has helped some of our clients in the past to progress from being amateur landlords to professional landlords with a portfolio of investment properties.