Before you choose a specific deal, you need to decide what type of mortgage is the most appropriate for your needs.
Whether you’re an experienced landlord or just starting out, your requirements will be different from those of a standard residential homebuyer. We have access to the major lenders in the buy to let market, including those which specialise in lending to professional landlords and consumers. Over the years, we have also developed relationships with general insurers, who have designed specialist landlords’ buildings and contents policies.
When your current mortgage deal comes to an end you might be tempted to do nothing and simply move on to your lender’s Standard Variable Rate (SVR). However, by doing so you could risk your mortgage rate more than doubling.
SVR tend to be higher than the rates offered by other types of mortgage like tracker. In January 2019, the average SVR was 4.9%, compared to 2.52% for a two-year fixed-rate mortgage. Over the life of the mortgage this can mean paying thousands more interest than you need to.
We can’t do everything or we would be jack of all trades and a masters of none. To help with these products we get a company with a good track record who specialises in that area to call you and help you out. They generally keep us informed so we can make sure you are being looked after properly. We never charge customers for this service but the company we refer you to will often charge a broker fee.