Common Scenarios for Buy to Let in Liverpool
Through working with a plethora of landlords in Liverpool, we have dealt with a range of customers with varying scenarios. Within your free mortgage appointment, we can offer a range of mortgages. These include:
Buy to Let Remortgage Options & Deals
Landlords who already have a portfolio of buy to let properties may want to look at purchasing further properties.
In order to fund the deposit for future properties, buy to let landlords look at the option to remortgage to release equity.
Furthermore, in the event of potential arrears occurring, a buy to let landlord in Liverpool might decide to raise capital against another property. This way, they can cover their debts instead of selling off property.
Limited Company Mortgages / Special Purpose Vehicles (SPVs)
This process does have its pros and cons, however, you might find some landlords purchase more properties for their portfolio through a Limited Company or SPV (Special Purpose Vehicle).
If you are looking into purchasing a property through a Limited Company or SPV, seeking assistance from a Specialist Mortgage Advisor in Liverpool could be helpful as they will be able to guide you down the best route.
It’s common for five or more people to occupy a House of Multiple Occupation (also known as HMO). You might find that many landlords who own student accommodation favour this option. Not every lender offers HMO deals which can make finding these products challenging. We recommend speaking to a Specialist Mortgage Advisor in Liverpool if you are looking to apply for a HMO mortgage.
Buy to Let Mortgages in Liverpool
Over our 20 plus years in the industry, we have encountered a variety of situations. Whether you are a first time buyer, first time landlord looking to invest in buy to let or have a complicated situation that requires help from a Mortgage Advisor in Liverpool, please get in touch with our team to speak to a Specialist Mortgage Advisor in Liverpool.
Buy to Let in Liverpool | Why Choose Us?
There are various different reasons as to why a landlord may look to make an investment purchase within the property market. Some home buyers become landlords for the possibility of future property or capital growth, whilst others may do it to supplement their monthly income.
Every so often we will also come across landlords who are making any plans for the long-term, looking to create a nice, comfortable retirement for when they’re ready to leave the working life behind.
If you are thinking about changing your residential home and turning it into a buy to let in Liverpool, we would recommend getting trusted and expert Mortgage Advice in Liverpool. Our dedicated and affable mortgage advisors in Liverpool will do their best to help you make the arrangements on your new purchase and your existing property mortgage.
You may also have the option to take out a remortgage on your current buy to let property, as a means of raising capital to put towards the deposit for another property purchase.
We are here to help and guide you throughout your process. Book your free mortgage appointment today and we’ll see how we can help.