Looking for a buy-to-Let mortgage?

If you are choosing a buy-to-let mortgage to enable you to purchase an investment property to be rented out, then there are certain criteria that apply to satisfy the lender. We’ll help guide you through the complexities and take care of the application process for you. The typical steps are set out as follows;

• Financial assessment

  Before applying, we’ll evaluate your financial position and determine affordability, considering rental income, expenses, and potential void periods.

• Mortgage comparison

  Less Stress® Mortgages will supply options for you to compare buy-to-let mortgage products from different lenders. We will help you analyse interest rates, fees, and terms to find the most suitable option.

• Application

  Once a mortgage product is chosen, we will apply to the lender, providing details of the property, rental income projections, personal financial information, and potentially a business plan (if required).

• Underwriting

  We’ll work with the lender as they assess the application, conducting checks on the property’s value, your creditworthiness, and rental income viability.

• Valuation

  The lender will instruct a surveyor to conduct a valuation to determine the property’s market value and assess its rental potential.

• Offer and terms

  We’ll keep you in the loop throughout the process and let you know as soon as the lender issues a mortgage offer outlining the terms and conditions, including the loan amount, interest rate, and repayment schedule.

• Legal process

  Our experts will work with you to engage a conveyancing solicitor to handle the legal aspects, including reviewing the mortgage offer, conducting searches, and ensuring compliance with regulations.

• Completion

  We’ll let you know once all legalities are finalised, the mortgage funds are released, and the property purchase is completed, enabling you to begin renting out the property.