Whether you are looking to become a first-time landlord, or have a growing portfolio of properties, buy-to-let mortgages provide a tailored product which will enable you to buy more than one property at any given time.
Buy-to-let mortgages are focused on the profitability of a property and in addition to needing a percentage of the total property price, lenders will consider the likely rental income that a property is likely to generate when they consider a loan application.
Investing in buy-to-let
Although there have been changes to the taxation of buy-to-let properties in recent years, rental income can provide a source of income and property offers a consistent, long-term investment opportunity.
If you are a higher rate tax payer, it may be advantageous to consider purchasing a buy-to-let through a limited company or to use a Special Purpose Vehicle (SPV). Although you should take advice from your tax adviser, we can help you to find the right mortgage or finance product to suit your needs.
What’s an HMO?
A house in multiple occupation (HMO) is a property with five or more occupants and from 1 October 2018 legislation in England and Wales came into effect to govern the way they are managed. Some buy-to-let investors may be able to increase the return on their investment (ROI) by developing their property into an HMO. NM Finance can provide advice to help landlords interested in developing an HMO property, and help investors to finance the refurbishment of their buy-to-let property with exclusive access to lending.
Whether you are a first-time investor or a portfolio landlord, NM Finance has the knowledge and expertise to ensure your property investment is financed on the best terms and delivers strong ROI. Call us or request a callback to discuss a buy-to-let mortgage, development loan or refurbishment funding for your HMO.
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