Buy To Let  & Holiday Lets

A Buy To Let is a property purchased with the intention of renting it out to tenants to have an income or an investment for future capital growth. The rules have evolved substantially in recent years with increased taxes and greater regulation and therefore obtaining the correct advice from an experienced MCB Adviser in this complicated market is pivotal before looking to invest further.

Unlike a traditional mortgage assessed on affordability a Buy To Let mortgage is largely assessed on the rental income that will be achieved on the property. Some lenders may include earned income too but depends on the Lender and their risk policies.

Normally you will need at least 25% to 20% as a deposit. They will allow you to take the mortgage on an interest only basis to keep the mortgage payments to a minimum to maximise the rental income as profit.

Please note the stamp duty rules have changed when purchasing a buy to let property “we will discuss this further with you”

Limited Company Buy To Let

Due to recent tax changes in receiving rental income there has been a change in recent years for applicants to purchase a buy to let property as a special purpose vehicle in a limited company name. You should always seek advice from a specialist tax adviser to see if this is the right option to take, but if it is then there are an increasing amount of lenders who will consider offering a mortgage to a limited company rather than in a personal name.

These are specialist lenders that require expert advice from a MCB Adviser to ensure you are fully aware of the process and costs involved in getting a Limited Company Buy To Let mortgage. 

Portfolio Landlords

If you have 4 or more investment properties then the majority of lenders will consider you a portfolio landlord and some lenders will not lend. Other lenders are available but more work and expertise is required so again essential you speak with a MCB Adviser to get the best advice for your circumstances and requirements.

We can also help with other specialist areas in the buy to let market such as:

• HMO Properties
• Student Let Properties
• Multi Unit Properties
• Ex Pat BTL’s
• Commercial Lets

Holiday Lets

This type of let is becoming more popular as can be more profitable as well as more tax efficient as if the property is a furnished Holiday Let then you can offset the mortgage interest. We do recommend seeking advice from a tax expert regarding this. More lenders are lending in this market but the criteria can be different for each lender so it is important you get the best advice from a MCB Adviser who will have access to the whole market including specialist lenders to obtain the best deal and solution for your needs.

Insurances

We can also provide you with the correct landlords insurances to protect your property and its contents, we also provide discounted premiums for portfolio clients.