buy to let mortgages

Becoming/being a landlord is can be a full time job in itself. Let us take care of the financials for you so you can take care of your properties and tenants. We’ll work with you based upon your circumstances, aspirations and portfolio to find the right mortgage deal to help raise the finance you need to grow your property portfolio.

What’s your objective? Is it income or capital growth? Do you want to benefit from extra monthly income or are you looking to increase your net worth through increases in equity should house values rise. This decision may affect the type of property you purchase and location, along with impacting the right type of mortgage to meet your needs.

Deposit: buy to let mortgages typically require a larger deposit than standard residential mortgages. You will generally need a minimum of 20-25% of the purchase price.

Stamp duty: if you already own other property, you will have additional stamp duty to pay.

Other costs:

• Tax – we strongly advise you to speak to a tax specialist prior to making a decision on whether to purchase a buy to let property as there may be tax implications to consider. We can put you in touch with trusted tax advisors if you don’t have relationships of your own.
• Letting agent’s fees – agents usually take a percentage of the monthly rental income to manage the property for you;
• Landlord/buildings insurance;
• Upkeep and maintenance costs;
• Ground rent/service charges (applicable to leasehold properties);
• Legal insurance – provides protection if your tenant’s default on their payments;
• Gas/electrical appliances – the cost of maintaining appliances to ensure they are compliant with regulations and ensuring the relevant certificates are in place.

SHEPHERDSON MORTGAGES DO NOT PROVIDE ADVICE ON TAX RELATED MATTERS. PLEASE SEEK ADVICE FROM A SPECIALIST TAX ADVISER