Tips & helpful information for landlords & BTL mortgages
I personally believe that getting the right mortgage is one of the most imperative aspects of purchasing a property, particularly for landlords, because we’re trying to make a profit. The difference between a good and bad mortgage policy will reflect on the success of your entire investment. Yet, with so many people failing to understand how they truly work, it isn’t rare sight to witness a landlord’s empire topple over.
It’s crucial to do as much research as possible, but most importantly, to shop around for the best BTL mortgage product for you. There are literally hundreds of mortgages available so it can be overwhelming, especially if you don’t know what you’re looking at. As you may have already noticed, it’s becoming increasingly difficult for landlords to get mortgages, and the one’s that are available are excruciatingly expensive- high interest rates and even higher product fees. Take your time, do your research. Read through the articles in this section for further guidance.
As a starting point to BTL mortgages, it might be looking at the Landlord BTL Mortgage Guide. I would also recommend understanding the difference between an interest-only and repayment mortgage, if you don’t know already.
I just want to clarify that I’m not qualified to provide any financial advice. Everything written on this website is based on my opinion from years of experience, and no more. I would recommend seeking the appropriate advice from a financial professional before making any decisions.