Oliver Hartnack

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CONTACT US

07904 800 962

EMAIL US

oliver@ohmortgages.co.uk

MAXIMIZING YOUR INVESTMENT WITH BUY TO LET MORTGAGES

BUY TO LET MORTGAGES

Buy-to-let mortgages are an attractive option if you want to invest in property. At OH Mortgages, we specialise in providing tailored advice and support to help you secure the best possible buy-to-let mortgage possible for your needs. With over a decade of industry experience, our team has the expertise and knowledge to guide you through the buy-to-let mortgage process, from choosing the right property to securing the right financing.

OLIVER HARTNACK - EXPERTS IN BUY TO LET MORTGAGES

Oliver Hartnack is a highly experienced mortgage and protection advisor with over a decade of experience in the financial services industry. Oliver and his team provide expert guidance to clients looking to invest in buy-to-let properties. With a focus on personalised service and tailored advice, they help their clients navigate the complex buy-to-let mortgage market and secure the best possible financing for their needs.

Buy-to-let mortgages can be an attractive investment opportunity, providing the potential for steady rental income. By purchasing a property specifically for rental purposes, investors can benefit from a regular income stream from their tenants. They also have the potential for long-term capital growth, meaning that over time, the property’s value may increase, providing investors with a valuable asset that can be sold or refinanced in the future.

As with any investment, it’s important to remember that there are some risks involved, and investors should carefully consider their financial situation and the risks involved before committing to a buy-to-let mortgage. That’s where OH Mortgages comes in – our team of experts can help guide you through the process and provide continued support to help them make informed decisions and maximise their chances of long-term success.

OH Buy To Let Mortgages

DO YOU HAVE ANY QUESTIONS ABOUT BUY TO LET MORTGAGES?

Do you have any questions about Buy to Let Mortgages? At OH Mortgages, we’re here to help you navigate the complexities of Buy to Let financing. Contact us today to discuss your options and make informed decisions on your property investments.

AGREED BUY TO LET MORTGAGE DEAL

WHY COME TO US FOR BUY TO LET MORTGAGE ADVICE

When you choose OH Mortgages, you’re choosing to work with an expert in buy to let and offers a one-stop shop for mortgages, protection, and home insurance. This makes it easier for you to manage your investment and protect what matters most. By providing all these services under one roof, we can help you streamline the process of securing financing, getting insured, and protecting your investment. Let us help save you time, money, and hassle, to ensure that your investment is as successful as possible.

Most Buy-to-Let Mortgages are not regulated by the Financial Conduct Authority.

Other Services We Proudly Provide

As well as buy-to-Let mortgages, we specialise in a range of other services. Take a look at what else we can help you with:

FAQ'S ON BUY TO LET MORTGAGES

We’ve prepared some of our most common frequently asked questions around buyto-let mortgages, if you have any further questions, please don’t hesitate to speak to our team. 

There is no limit to the amount of buy-to-let mortgages a person can have. However, lenders may restrict the amount you can borrow in order to minimise risk. This can impact the amount you can borrow overall.

No, you cannot live in a buy-to-let property. If you’d like to live in the property and not rent it out to tenants, you’ll need an alternative type of mortgage e.g. a residential mortgage.

If you’re considering a buy-to-let mortgage, you’ll need the following:

A good credit score. However, we do have lenders that will consider your application if you have a low score, but you will likely pay a higher rate for this.
Evidence of employment- You will usually need upwards of £25,000 a year. You will usually need an income of upwards of £25,000. However, we do have certain lenders that will consider you with no income at all.
A loan to value ratio of at least 75%. You’ll need a minimum 25% deposit for a buy-to-let mortgage.

The minimum deposit for a buy-to-Let property is 25%. However, some lenders may require anything between 25-40% of the value of the property.

Buy-to-let mortgages are now substantially easier to get than in previous years. Previously, Buy-to-let applications were based on an applicant’s income and credit history. This restricted this type of mortgage to landlords with a high credit score and substantial income.

However, there has been a recent shift towards the rental income these properties may achieve. This now means it is easier to be approved for this type of mortgage.

As with any mortgage application, your chances of getting approved will vary depending on your income, deposit and various other factors. If you’re looking to get a buy-to-let mortgage, get in touch with OH Mortgages today. We’ll assess your situation and help to increase your chances of getting approved.

As with income tax, the tax rate you pay will vary depending on the income you receive. In the tax year of 2023/2024, basic taxpayers will pay 20% on buy-to-let income, higher tax brackets will pay 40% and additional rate taxpayers will pay 45%. Please note that if you are unsure, the best course of action is to speak to an accountant.

You only have to pay a higher rate of stamp duty if you own more than one property. So, if your buy-to-let is the only property you own, you won’t have to pay additional rates. However, if it is a second property, then you will be subjected to higher rates of stamp duty.

The only tax relief on buy-to-let mortgages is 20% on mortgage interest payments.

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REFER A FRIEND TODAY

Hopefully you have enjoyed your mortgage and protection journey with OH Mortgages, we are here to help with any of your future needs. If you have any friends, family or work colleagues that might also benefit from our services we offer a great refer a friend scheme where you will receive a £50 amazon gift to spend on whatever you like, and there is no limit to how many gift cards you can receive. The £50 voucher will be paid on completion of any of your referrals mortgages.