Buy to Let Property Investors
Ongoing changes in regulation and tax legislation have seen the Buy to Let mortgage landscape change considerably in recent times.
In response, many lenders have left the market and others have joined, with criteria and pricing constantly moving. This has made it difficult for even the most seasoned property investor to understand their funding options.
At LMP we understand that Buy to Let investors are e a vital part of the property market and as such we are proactive in finding positive lending solutions for our landlords, both in the UK and abroad.
Whether you own 1 or 100 properties, our advisers will search the whole of the mortgage market to find you an appropriate solution to even the most complex financial situation.
The Process
01
Speak to one of our specialist advisers to establish how much you can borrow and set a budget for your new purchase.
This will involve a review of your personal and financial situation, and a request to provide certain mandatory documents to allow us to produce an ‘Agreement in Principle’.
If your intention is to purchase a property as a Buy to Let then consideration will be made to the potential rental income the property can generate alongside an assessment of your current portfolio, if you have one.
02
With an ‘Agreement in Principle’ in hand, you are now ready to start registering with Estate Agents and viewing properties.
Once you have found a property which suits your needs, you are ready to ‘Make an Offer’. At this stage, you should provide the contact details of your LMP adviser, who can confirm to the vendor that you are in a position to proceed with the purchase.
It is worth noting that you will also be asked to provide details of the solicitor that you are intending to use to assist with your purchase. Don’t worry if you don’t have one in mind, we have a long list of friendly solicitors that we can put you in touch with.
03
Once an offer has been accepted, we will take care of submitting the application and managing the whole process on your behalf. We will also stay in regular contact with the lender, estate agent and solicitor and provide you with regular updates as to the progress of your purchase.
LMP will continue to support you after completion and our advisers will remain in contact to help with any future needs you may have.