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Wednesday 17 February 2021
Wednesday 17 February 2021
Wednesday 17 February 2021
Wednesday 17 February 2021
At Barrett Mortgages, we offer an outstanding buy-to-let service in Bournemouth to help you prepare and secure the right mortgage for your investment property. Whether you’re a first-time investor or looking to expand your property portfolio, our advisors will guide you through every step, addressing the challenges you may encounter along the way.
We work with a wide range of lenders and compare products to find a mortgage tailored to your individual circumstances. We understand the importance of maximising income and selecting the right product to support your financial goals. Whether you’re planning a one-time investment or building a portfolio, we’re here to help.
Why Choose Buy-to-Let?
The buy-to-let market has changed significantly since 2008, with many landlords leaving the sector and others struggling to adapt. However, there’s still a place for serious investors who approach the market strategically.
Key Features of Buy-to-Let Mortgages
Specialised Lending: Buy-to-let properties require a specific mortgage product; you cannot simply switch a residential mortgage to a rental one.
Higher Interest Rates: These mortgages typically come with higher interest rates, reflecting the increased risk for lenders. Banks prefer serious investors who can put down a significant percentage of the property’s value.
Interest-Only Option: Many buy-to-let mortgages are interest-only, meaning monthly payments cover only the interest. At the end of the agreement, the loan capital can be repaid by selling the property, allowing the seller to retain any profits.
Building a Business Plan
When applying for a buy-to-let mortgage, the bank will view you as a business partner, so it’s essential to have a viable business plan.
Key Considerations for Your Plan
Target Market: Are you catering to young professionals, students, families, or commuters? Defining your niche is crucial and will influence the type of property and location you choose.
Strategic Buying: Avoid mismatched investments, such as purchasing a flat for young professionals in a predominantly student area or a family-oriented home in a neighbourhood of shared housing.
Why Work with Barrett Mortgages?
Barrett Mortgages was founded by Darren Barrett in 2009, during one of the most challenging periods in the industry. Our clear, trustworthy, honest, and upfront approach has helped us thrive, even in tough market conditions.
All our staff are fully qualified and experienced, chosen for their dedication to providing the best possible experience for our clients. With no pushy sales tactics, we’ve built a strong reputation that relies on referrals from satisfied customers.
Get in Touch
If you’re interested in our expert advice, contact our brilliant team today to learn more about how we can support your buy-to-let investment in Bournemouth. Let us help you navigate the market and find the best solutions for your property goals.
At Barrett Mortgages, we offer an outstanding buy-to-let service in Bournemouth to help you prepare and secure the right mortgage for your investment property. Whether you’re a first-time investor or looking to expand your property portfolio, our advisors will guide you through every step, addressing the challenges you may encounter along the way.
We work with a wide range of lenders and compare products to find a mortgage tailored to your individual circumstances. We understand the importance of maximising income and selecting the right product to support your financial goals. Whether you’re planning a one-time investment or building a portfolio, we’re here to help.
Why Choose Buy-to-Let?
The buy-to-let market has changed significantly since 2008, with many landlords leaving the sector and others struggling to adapt. However, there’s still a place for serious investors who approach the market strategically.
Key Features of Buy-to-Let Mortgages
Specialised Lending: Buy-to-let properties require a specific mortgage product; you cannot simply switch a residential mortgage to a rental one.
Higher Interest Rates: These mortgages typically come with higher interest rates, reflecting the increased risk for lenders. Banks prefer serious investors who can put down a significant percentage of the property’s value.
Interest-Only Option: Many buy-to-let mortgages are interest-only, meaning monthly payments cover only the interest. At the end of the agreement, the loan capital can be repaid by selling the property, allowing the seller to retain any profits.
Building a Business Plan
When applying for a buy-to-let mortgage, the bank will view you as a business partner, so it’s essential to have a viable business plan.
Key Considerations for Your Plan
Target Market: Are you catering to young professionals, students, families, or commuters? Defining your niche is crucial and will influence the type of property and location you choose.
Strategic Buying: Avoid mismatched investments, such as purchasing a flat for young professionals in a predominantly student area or a family-oriented home in a neighbourhood of shared housing.
Why Work with Barrett Mortgages?
Barrett Mortgages was founded by Darren Barrett in 2009, during one of the most challenging periods in the industry. Our clear, trustworthy, honest, and upfront approach has helped us thrive, even in tough market conditions.
All our staff are fully qualified and experienced, chosen for their dedication to providing the best possible experience for our clients. With no pushy sales tactics, we’ve built a strong reputation that relies on referrals from satisfied customers.
Get in Touch
If you’re interested in our expert advice, contact our brilliant team today to learn more about how we can support your buy-to-let investment in Bournemouth. Let us help you navigate the market and find the best solutions for your property goals.
