Buy to Let

Becoming a private landlord can be
a time-consuming but rewarding investment.

If you’re considering buying a second property, let us help you get a tailored deal on a buy to let mortgage. Here at Watson & Co we’re experienced at matching people with the mortgages they want. Our integrated approach means we’ll discuss your buy to let needs, be it income or capital growth, to find you your ideal financial product. We can also advise you on the additional costs involved in renting out property.

As well as monthly mortgage repayments, there’s upkeep, letting agent’s fees, service charges, insurance and appliances to consider. You should be aiming to earn a gross rent of about 125% of the rental property’s interest only mortgage repayments assuming a notional rate of 5%.

 

Buy to let mortgages differ in three main ways:

Rent potential: a mortgage offer is usually based on the rent you will earn. Your income may also be considered.

Interest rates are slightly higher on buy to let mortgages.

Larger deposits are usually required, typically a minimum of 20% or 25% of the property’s value.

 

BUY TO LET MORTGAGES BY WATSON & CO ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY
* A fee of £495 is payable on application. We will also be paid commission from the lender.

A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

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