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Many lenders now offer specialist buy to let loans which allow private landlords to fix their interest payments for five years or more, providing you with some security over mortgage funding costs.

Amendments to the 1988 Housing Act has reduced the fear of landlords that tenants, once admitted to the property, will prove all but impossible to evict. This possibility alone was enough to dissuade many people from becoming private landlords in the past. The proportion of UK housing stock taken by rentals stood at a low of 7% in 1989, but has grown to 11% in the ten years since.

The Association of Residential Letting Agents (ARLA) says most landlords should be able to obtain gross rent equivalent to between 130% and 150% of the rental property¹s mortgage repayments (interest only). Letting agents will on average charge 10% of the rental, or 15% if they are responsible for such things as repairs, complaints and other matters. Buy to Let Mortgages.

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The overall cost for comparison is 6.5% APR. The actual rate will depend upon your circumstances. Ask for a personalised illustration.Our fee is 3.2% of the advance (£1,450.00 minimum and £6,000.00 maximum). The fee can be raised from within the new advance and is only payable by you, should your new mortgage reach legal completion. A typical mortgage of £92,156 would require a fee of £2,949.00 - No Completion - No Fee. Paying off expensive short-term debt with a remortgage may increase your overall cost of credit.If you are seeking a mortgage or loan, then either you or Vesta Money Ltd must first make a formal application to an appropriate mortgage or loan lender, who will consider your application in accordance with their own lending criteria. Mortgage loans are normally subject to a formal valuation of the property and subject to status.This website is a marketing service designed and operated by Brookedan Security Ltd and all mortgage or remortgage applications are sent to, received by, and processed by, Vesta Money Ltd (Authorised and Regulated by the Financial Services Authority under number 302635).Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.Special plans on different terms for clients with CCJ's arrears, and for the self employed without income proof.
All loans subject to status in the UK to home owners aged 18 and over and may be secured on property.
Written quotations available on request. Other terms and amounts available.