Money Advice Service
First time buyers, experienced homebuyers and buy to let investors need impartial advice from professionals. At Save and convey we understand the need for this money advice service . There is no short cut to understanding what you can afford to borrow. It is all in the detail.
Need A Mortgage?
The advice is simple. When it comes to money and mortgages you start from the beginning and detail what you earn and then what you spend each month. This Mortgage Market Review (MMR) must be carried out by an adviser that is regulated by the FCA.
You can visit mmr-mortgages.com to get in touch with your impartial mortgage adviser. Please fill in the appointment contact page with a time and contact number. You will receive a call at that time from a Mortgage Adviser or Broker. If something come up and you miss your time slot then please just book another. We understand that everyone has time constraints.
You will need to allocate up to 1 hour to carry out the review. It will be well worth it. You can look forward to receiving a Mortgage in Principle from a lender that understands your needs. You must meet their lending criteria.
Our FCA expert Mortgage Adviser will quickly understand your specific property investment needs.They compare multiple buy to let mortgage rates and deals for you.
Your Mortgage Adviser priority is to help to improve your investment returns on your first and subsequent properties. They want your repeat custom. They will want to do things right for you first time.
Most buy to let mortgages are not regulated by the Financial Conduct Authority. For that very reason it worth going to a FCA regulated adviser as they will follow their strict rules for unregulated products and services.
It is still about affordability. Property Investment can go wrong if the income generated doesn’t cover the costs of the investment. If investors do not plan to replace tired furniture or keep on top of their property then quite simply the discerning tenant will go elsewhere.
On Going Maintenance is key to having a long term investment.
Choosing a property in a location that has facilities to meet the needs of tenants. Strong rents come from properties that are managed well. You need a proactive managing agent.Void periods may happen – An opportunity to maintain the property. Plan your maintenance.
The bottom line
If you are a first time buy to let investor or you are expanding your investment portfoilio, you will probably need a buy to let mortgage.
Buy to Let mortgages are available up to 75% loan to value and a maximum Buy to Let lending limit can apply.
Before you commit please take your time to understand the fees and charges that are levied by your existing lender and possibly your proposed new lender.
Your Money advice service can be provided by your Mortgage Adviser.