Helping you build your
property portfolio
We’ve been working with Nottingham landlords to secure the best buy to let mortgage deals for many years. Whether you’re an experienced landlord ready to remortgage an existing buy to let property, or you’re looking to start building your buy to let portfolio and need support – we have the experience and expertise you need.
As an independent mortgage broker, we work for you. Castlegate Financial Services are not tied to any banks or building societies so you can have peace of mind that we always have your best interests at heart. By your side every step of the way, we will work to ensure your buy to let mortgage application is taken care of, so you can focus on building your successful investment portfolio.
Buy To Let
Mortgage Advice
in Nottingham
A buy to let mortgage is a mortgage you take out on a property you want to buy as an investment property, which you will then rent to tenants. The buy to let mortgage market has changed over the years, and there is now much more to consider before taking out a buy to let mortgage.
The most important decision to make before you take on a new buy to let mortgage is whether to purchase the property in your personal name, or to set up a Limited Company to buy the property. In many cases the long-term tax benefits of buying the property through a Limited Company outweigh purchasing an investment property in your personal name.
Buy to let mortgages are assessed in two ways. The lender will look at your personal circumstances and ensure that you can ‘afford’ the mortgage if your tenant doesn’t pay, however, the main assessment is based on the amount of rent you receive for the property. All lenders have their own affordability calculators which determine the amount of mortgage they will lend you based on what rent you expect to receive.
It is vital to speak to a property finance expert before you invest as there are many factors that need to be considered when investing in buy to let property.
How We Work with you
get to know you
and your Investment goals
Liase with tax and
accountancy experts
Assess your
affordability
SEARCH THE WHOLE MARKET
to find the best deal
APPLY for a mortgage
in priciple
Process your buy to let mortgage application through to completion
Liaise with the solicitors, letting agents and surveyors
Be on hand when your mortgage is next up for review
get to know you
and your Investment goals
Liase with tax and
accountancy experts
Assess your
affordability
compare THE MARKET
to find the best deal
APPLY for a mortgage
in priciple
Process your buy to let mortgage application through to completion
Liaise with the solicitors, letting agents and surveyors
Be on hand when your mortgage is next up for review
After working with you to understand what your investment goals are, we will then liaise with your own or our recommended tax and accountancy experts, to establish the most tax efficient structure. Once we have confirmed the most tax efficient way for you to invest, we will assess your affordability and search the whole market and find the most suitable buy to let mortgage deal.
We will then carry out a credit check to confirm you can get the mortgage recommended, and will apply to the lender on your behalf. Processing your entire buy to let mortgage application through to completion. As well as handling the entire mortgage application process for you, we are on hand to support and advise with all other aspects of buy to let investments by recommending you to our trusted network of property professionals including solicitors, surveyors, insurers and letting agents. So you have everything you need for a successful buy to let investment.
Castlegate Financial Services
Giving you financial peace of mind
Speak to our
fabulous brokers
For help and advice with your buy to let mortgage,
speak to our expert brokers today.
Frequently
asked questions
All lenders have different criteria when it comes to qualifying for a buy to let mortgage. In general, most lenders want you to be over 18, own your own residential property, have a minimum income of between £20,000 – £30,000, and have a 25% deposit. However, there are a few niche lenders who have a more flexible approach and lend to some people if they do not meet the ‘standard’ criteria.
All lenders have different criteria when it comes to qualifying for a buy to let mortgage – but generally, most lenders will require a 25% deposit for those looking to invest in a buy to let property. There may be lenders that offer more flexibility. If you’re serious about building your property investment portfolio, speak to one of our expert brokers who can advise you on the best-suited buy to let mortgages available.
Buy to let mortgage taken out by a Limited Company are tax-deductible. For more information about company mortgages visit: company mortgages or for personalised advice, speak to one of our brokers today.
No, lenders will require you to have a job, however, a few buy to let mortgage lenders do not have a minimum income requirement so you could earn £1 and still get a mortgage but you must have ‘a’ job.
Yes, you might still be able to get a buy to let mortgage with a poor credit rating. However, you may be charged higher rates, fees, and asked to invest a larger deposit.
It will depend on your personal goals as to whether it is better to buy an investment property with a buy to let mortgage or cash. Most investors are looking to generate as much income and capital growth as possible and therefore it is normally better to spread your cash over as many properties as possible and take mortgages out – this is called ‘leverage’.
Some buy to let mortgages are not regulated by the Financial Conduct Authority. We will let you know if this is the case when you first speak with us.
mortgage advice & insights
SM
Sian Mitchell
Due to Covid, the NHS are experiencing huge delays and people are struggling to get the medical care and attention they need. The substantial delays for referrals, treatments and routine/planned surgeries are putting people at risk who are not getting the medical attention they need in time resulting in anxiety, stress, prolonged pain and in some cases the delays are preventing people catching things early enough to treat.
SM
Sian Mitchell
If you’re nearing the end of your fixed-rate then looking for a new mortgage deal is probably already on your to-do list this month and if you’re already on your Standard Variable Rate – then it definitely should be!
But nearing the end of your current deal isn’t the only reason you might consider remortgaging. After helping clients remortgage for nearly 40 years, we know there are a whole host of reasons why remortgaging could be the best financial move – so here are our top 10 Reasons Why You Might Remortgage.
SM
Sian Mitchell
Buying, selling and moving home can be stressful enough, without the added frustration of delays with your mortgage application!
There are a few factors that can affect how long your mortgage application takes – like which lender you’re applying with or how complex your situation is. However, one delay that you can avoid, is missing or incorrect mortgage application documents requested by the lender.
SM
Sian Mitchell
Overall property has always represented a good long-term investment opportunity, and is still one of the four most common types of investments, alongside cash, bonds and shares. Resilient and a largely stable investment market, historical evidence shows that property has the power to weather huge events such as the global financial crisis and the SARS outbreak, coming out of the other side stronger.
SM
Sian Mitchell
Never worked with a mortgage broker before and wondering whether you really need one? We explain what a mortgage broker is and how a good mortgage advisor can save you time, money, and stress!
SM
Sian Mitchell
Due to Covid, the NHS are experiencing huge delays and people are struggling to get the medical care and attention they need. The substantial delays for referrals, treatments and routine/planned surgeries are putting people at risk who are not getting the medical attention they need in time resulting in anxiety, stress, prolonged pain and in some cases the delays are preventing people catching things early enough to treat.
