Mortgage Advice
Buy To Let
Are you considering investing in your first buy-to-let property or do you already manage a portfolio of rental properties?
At IMS Financial, we understand that every investor has unique goals and circumstances. That’s why we take a tailored approach to finding the best buy-to-let mortgage for you. With access to comprehensive range of lenders, our experts will guide you through the process and help you choose an option that aligns with your investment strategy. We can recommend a product that suits your financial needs and long-term plans.
The buy-to-let market has changed significantly in recent years, with many new lenders entering the field. Expert advice can be crucial in finding the mortgage that best meets your needs. With our support, you can feel confident in securing a mortgage tailored to your requirements.
Currently, the rental market is thriving, with high rental yields driven by strong demand.
Mortgage enquiries…
Here at IMS Financial we are passionate about connecting our clients with a mortgage that truly suits them.
- Friendly advisers with a wealth of knowledge
- Access to a wide range of products
- Trusted and stress-free financial advice
Most Buy-to-Let mortgages are not regulated by the Financial Conduct Authority
Who can get a Buy To Let mortgage?
Buy-to-let mortgages are generally available to individuals who already own their own home, have a good credit history, and can demonstrate sufficient income. Lenders typically require a higher deposit, usually around 20-40%, and proof that the rental income will cover the mortgage payments.
How do Buy To Let mortgages work?
Buy-to-let mortgages function similarly to regular mortgages but are specifically designed for investment properties. The loan amount is usually based on the rental income the property is expected to generate. Lenders often require that this income is significantly higher than the mortgage payments, typically around 125-145% of the monthly payment.
How much can you borrow on a Buy To Let mortgage?
The amount you can borrow for a buy-to-let mortgage is typically determined by the potential rental income of the property. Lenders usually require the rental income to cover 125-145% of the mortgage repayments. Personal income and other financial commitments also influence the borrowing amount.
Planning for property vacancy etc
Planning for potential property vacancies is crucial in managing a buy-to-let investment. It’s essential to have a financial buffer to cover mortgage payments during periods when the property is unoccupied. Effective marketing strategies and maintaining good tenant relationships can help minimise vacancy periods.
Buy to let tax implications and advantages
Understanding the tax implications and advantages of buy-to-let investments is essential. Rental income is subject to income tax, and there are capital gains tax considerations when you sell the property. However, landlords can also benefit from tax deductions on mortgage interest, property maintenance, and other expenses.
Tax implications
The rental income from buy-to-let properties is subject to income tax. Additionally, capital gains tax may apply when you sell the property at a profit. It’s important to be aware of these liabilities and plan accordingly.
Tax advantages
Buy-to-let investors can benefit from various tax advantages, such as deducting mortgage interest payments and other allowable expenses from rental income. This can significantly reduce the overall tax burden and improve the profitability of the investment.
Access to a wide range of products from over 70 lenders
A family-run business offering friendly and personal advice.
IMS Financial is an appointed representative of PRIMIS
Important
For our mortgage advice services, we will charge a fee of between £0.00 and £495.00. The level of the fee will be determined by the complexity of the enquiry and the duration of research required to assess your needs and provide a suitable recommendation.
IMS Financial is a trading style of IMS (Watford) Ltd. IMS (Watford) Ltd is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority.
The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers
based in the UK.