Why Use a Mortgage Adviser?
Buying a property is probably the biggest single purchase you’ll make in your lifetime.So, it makes sense to get expert advice when you do.And that’s where a mortgage adviser comes in. He or she can lead you through the whole property buying process and, at the same time, potentially save you thousands of pounds.
How Much Can I Borrow for a Buy to Let?
The amount of finance a lender agrees to provide you for a buy to let mortgages depends on a number of factors.Chiefly it’s based on how much rental income you expect the property to bring in. Most buy to let mortgage lenders will expect your anticipated monthly rental income to exceed at least 25 per cent to 30 per cent of your mortgage interest payments; some lenders are looking for 45 per cent.
Can You Get a Residential Mortgage with Bad Credit?
The short answer to the question we posed in the title of this article is “yes.” It is indeed possible to acquire mortgage funding for a home if you have bad credit. The extent to which you are eligible depends on the type of bad credit you have and how long you’ve had it for.