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Thursday 16 September 2021
Thursday 16 September 2021
Thursday 16 September 2021
Thursday 16 September 2021
Buying or selling a home is often one of life’s most stressful events. At Barrett Mortgages, our expert advisors are here to ease the process. Whether you're moving home or considering keeping your current property as a buy-to-let investment, we’ll help you navigate the complexities with ease.
Let Us Simplify Your Move
Our services include:
Market Comparison: We search a range of lenders to find the best deal for you.
Current Mortgage Review: We’ll check if you can transfer your current mortgage to your new property and compare it against market options.
Paperwork and Coordination: We handle the paperwork and liaise with estate agents and solicitors to ensure a smooth transaction.
Investment Planning: If you decide not to sell your property, we can help you explore buy-to-let options to turn it into an income-generating asset.
Understanding Buy-to-Let Mortgages
If you’re considering keeping your current home as a rental property, there are some key factors to know:
Specialised Mortgages: A rental property requires a buy-to-let mortgage, not a residential one. Using a residential mortgage for a rental property can result in the bank calling in the loan.
Higher Interest Rates: Buy-to-let mortgages typically come with higher interest rates than residential mortgages.
Interest-Only Options: Many buy-to-let mortgages are interest-only, meaning you only pay the interest during the loan term. The capital can be repaid when you sell the property.
Investment Potential: If you already have equity in the property, you may wish to pay down the capital to fully own the property over time, increasing your returns.
Legal and Regulatory Considerations
For rental properties, compliance with local authority standards is essential. Properties must meet basic safety, hygiene, and energy efficiency requirements. Before proceeding, consult your local council’s housing department to understand your legal responsibilities.
Why Choose Barrett Mortgages?
We are a professional finance broker based in Poole, Dorset, offering mortgages for all circumstances. Established in 2009 by Darren Barrett, our company has thrived by providing clear, honest, and trustworthy advice. Our team of fully qualified and experienced advisors is dedicated to ensuring your experience is seamless and stress-free. We value our reputation and rely heavily on referrals, which is why we promise no hard sales tactics.
Get in Touch with Us Today
If you’re ready to move home or explore buy-to-let options, contact our team for expert advice and support. Let Barrett Mortgages help you find the best mortgage solution for your unique needs.
Get in contact with us today to learn more about how we can assist you.
Buying or selling a home is often one of life’s most stressful events. At Barrett Mortgages, our expert advisors are here to ease the process. Whether you're moving home or considering keeping your current property as a buy-to-let investment, we’ll help you navigate the complexities with ease.
Let Us Simplify Your Move
Our services include:
Market Comparison: We search a range of lenders to find the best deal for you.
Current Mortgage Review: We’ll check if you can transfer your current mortgage to your new property and compare it against market options.
Paperwork and Coordination: We handle the paperwork and liaise with estate agents and solicitors to ensure a smooth transaction.
Investment Planning: If you decide not to sell your property, we can help you explore buy-to-let options to turn it into an income-generating asset.
Understanding Buy-to-Let Mortgages
If you’re considering keeping your current home as a rental property, there are some key factors to know:
Specialised Mortgages: A rental property requires a buy-to-let mortgage, not a residential one. Using a residential mortgage for a rental property can result in the bank calling in the loan.
Higher Interest Rates: Buy-to-let mortgages typically come with higher interest rates than residential mortgages.
Interest-Only Options: Many buy-to-let mortgages are interest-only, meaning you only pay the interest during the loan term. The capital can be repaid when you sell the property.
Investment Potential: If you already have equity in the property, you may wish to pay down the capital to fully own the property over time, increasing your returns.
Legal and Regulatory Considerations
For rental properties, compliance with local authority standards is essential. Properties must meet basic safety, hygiene, and energy efficiency requirements. Before proceeding, consult your local council’s housing department to understand your legal responsibilities.
Why Choose Barrett Mortgages?
We are a professional finance broker based in Poole, Dorset, offering mortgages for all circumstances. Established in 2009 by Darren Barrett, our company has thrived by providing clear, honest, and trustworthy advice. Our team of fully qualified and experienced advisors is dedicated to ensuring your experience is seamless and stress-free. We value our reputation and rely heavily on referrals, which is why we promise no hard sales tactics.
Get in Touch with Us Today
If you’re ready to move home or explore buy-to-let options, contact our team for expert advice and support. Let Barrett Mortgages help you find the best mortgage solution for your unique needs.
Get in contact with us today to learn more about how we can assist you.
