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Buy to let

Buy To Let

Hawke Financial Services LLP is a professional business based in Surrey, specialising in Mortgages and other financial services. As a priority element of our Buy To Let Mortgage Brokers Service, we are committed to finding the most suitable products to suit your needs from the thousands available.

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Buy To Let Mortgages

Whether you’re a veteran investor or a first-time lessor, Hawke Financial Services Llp is on hand to help you with your buy to let mortgage. The specifics around BTL mortgages can be quite daunting at first glance – the rates are pricier than residential mortgages due to the higher risk involved for lenders.

Hawke Financial Services Llp is committed to finding the perfect BTL products for you and advising you throughout the process. With our team of experts and decades of experience, we’ll make your property investment worthwhile.

What is a Buy To Let Mortgage?

Buy to let mortgages are mortgages for property owners who rent out the property instead of living in it themselves. If you are looking to invest in property, this is a great path to go down; the long-term results of property investment consistently show good returns.

This type of mortgage is more expensive, though – money lenders will typically look for higher deposits to cover the associated risks. Specialist advice from Hawke Financial Services Llp will help you to find the right BTL package and make the most of your finances.

How Buy To Let Mortgages Work

Most buy to let mortgages are interest-only, meaning your monthly repayments go towards the accrued interest on the loan. This repayment should be reasonably covered by the rent payments you receive from tenants.

The capital debt on the property is then paid at the end of the term agreed with the lender. With a successful investment, this lump sum can be covered by the proceeds from selling the property.

Interest-only mortgages are not the only option, though, with repayment BTL mortgages becoming more popular. Hawke Financial Services Llp will explore your options with you and help you choose the ideal product to see a satisfying return on investment.

Is Buy To Let Suitable for Me ?

Mortgage lenders will usually assess your eligibility based on your income and the rental yield of the property. Hawke Financial Services Llp will walk you through all the criteria. Here are some of the general but not mandatory requirements:

  • Be of a minimum age, usually 25+
  • Have a minimum income of at least £25,000
  • Pass a credit check

As with all mortgages, your circumstances and the context around the property itself will play a role in the buy to let mortgage rates you can expect. The process is somewhat different for expats and foreign nationals, but we can walk you through it if that’s the case in your situation.

We do the hard work for you by brokering with potential lenders and advising you on the best course of action. You can find out more about us here.

Types of Buy To Let Mortgage

Consumer Buy To Let

If you or a close family member or relative has resided or intends to reside in the property in question, this is considered to be a Consumer Buy To Let arrangement. Here at Hawke FS, we are unlimited in the range of mortgages we can consider for you.

Single Freehold Multi-Unit

This type of property has more than one flat within a multi-unit space. It is therefore on a ‘freehold’ title and consequently requires a specialist mortgage.

HMO (Houses in Multiple Occupation)

Will your next property purchase be with a view to multiple occupancy? If this is the case then you will likely need a specialist HMO mortgage. It can often be difficult to find a lender because an arrangement for this type of property is fairly unusual Our Advisors at Hawke FS will, however, ensure that they find the best lender with the best rate for you.

Buy To Let – Limited Company – SPV/Trading Company

Your accountant might be advising you to purchase investment properties using a special purchase vehicle (SPV), which is under a UK Limited Company structure. The number of lenders in this sector has grown over recent years, however, our advisors at Hawke FS can guide you through the complex arena to find the most appropriate and cost-effective Buy To Let Loan for you. Several lenders in the Limited Company market work solely through mortgage brokers, which also reiterates the importance of discussing your needs with Hawke FS.

Whether it is the setup of the company, the variations associated with lenders preferences on the source of deposit, directors loans, trading companies, directors requirements, shareholding or any other criteria, we can help. Various blogs on these subject matters can be found in our Blog section.

Remember Hawke FS does not charge a broker fee!

Your Buy To Let Adviser

If you are thinking about purchasing a property for investment your adviser at Hawke FS can help you understand the costs involved in buying the property to the on-going costs you will need to budget for. No matter which type of Buy To Let arrangement you require, your adviser always assess your affordability and appropriateness, so we can avoid any potential financial stress.

What's Next?

If you’re thinking about investing in a property, Hawke Financial Services Llp is on hand for unmatched advice and expert brokering. We’ll help you understand the costs involved and tailor your buy to let experience with products appropriate to your situation.

Investing in a property is an exciting experience, and our goal is to make it even more enjoyable for you by removing the financial stress.

To start your buy to let journey or for more information, contact us today – one of our friendly specialist brokers will discuss your options with you.

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