80% Buy To Let Remortgages
80% Buy To Let Remortgages - 80% buy to let remortgages are mortgages on a buy to let basis with a loan-to-value ratio of 80%. 80% buy to let remortgages involve changing your existing mortgage provider but are for your existing property. Remortgages of this type typically require a down payment of 20% of the loan amount on approval as a deposit. While in some cases 80% buy to let remortgages can be harder to acquire than those with higher deposit requirements, they can be the most cost effective remortgages, depending on your circumstance. As with many buy to let remortgages, 80% buy to let remortgages may specify a minimum income requirement to be proven before mortgage applications are approved. 80% buy to let remortgages application approvals also depend on rental incomes exceeding a threshold of monthly mortgage payments, usually of around 125%. This acts as extra assurance to lenders, especially in the case for 80% buy to let remortgages, as they have relatively low deposits in comparison to some other buy to let remortgages available. Whether your aim is to expand a property portfolio as a landlord investor, to get your existing assets working for you to make a down-payment on a new property, or otherwise, we offer advice to suit your individual circumstances at Capital Fortune. Assistance from one of our award winning brokers can help you secure the right 80% buy to let remortgage, for your financial needs and requirements. In an ever competitive market place, using a tried-and-tested mortgage broker with years of experience can help you find and secure the most appropriate 80% buy to let remortgages available to take your investments forward with confidence. Call our mortgage broker team now on 0845 3 630 430 or complete the Mortgage Enquiry Online. As part of our service, we will call you back. The Financial Services Authority does not regulate some forms of buy to lets, commercial mortgages, secured loans, unsecured loans, bridging loans, trusts, overseas mortgages, conveyancing or debt management.
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The overall cost for comparison on residential mortgages is 4.5% APR. The actual rate available will depend on your personal circumstances.
There will be a fee for our mortgage advice, the precise amount will depend upon your circumstances but we estimate that it will be £995, payable £495 at the outset but refunded if your mortgage application is declined upon initial underwriting. The balance of our fee is typically paid on completion. Your fee will not be refunded should you withdraw from the process or not accept our recommendation. Ask your Advisor for confirmation of our fees which we will email to you in an Initial Disclosure Document (IDD). You can find further information on our Terms of Business here.
The Financial Services Authority does not regulate some forms of buy to let, commercial mortgages, secured loans, bridging finance, trusts and conveyancing.
Capital Fortune Ltd is an Appointed Representative of Pink Home Loans. Pink Home Loans is a trading name of Advance Mortgage Funding Limited which is authorised and regulated by the Financial Services Authority. Capital Fortune Ltd Registered office address: 14 Nicholas Lane, Bank, London, EC4N 7BN. Registered in England and Wales No. 05683249.
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.
The Financial Services Authority does not regulate some forms of buy to lets, commercial mortgages, secured loans, unsecured loans, bridging loans, trusts, overseas mortgages, conveyancing or debt management.