Mortgage Types

If you intend to become a landlord, you will be required to take out a Buy to Let mortgage. Since the property crash of 2007, the Buy to Let market has grown cautious and things are not as simple as they once were. Lenders are concerned about their investments and this has caused the Buy to Let products to move on. Recently the industry had even more change to reflect the affordability of Buy to Let mortgages. Most of the lenders in the UK have changed their rental yield calculations to reflect the changes in how income tax is calculated from investment properties.

There are lots of talk regarding incorporating your buy to let portfolio into a limited company. The Inland revenue have strict rules to determine if the limited company is an investment company of in fact trading.  The tax position could be vastly different.   

Seeking the advice of an independent mortgage professional is imperative when assessing your individual needs.

A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.