Best mortgage rate imperative for BTL

Best mortgage rate imperative for BTL

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Highest Loan To Value Purchase Mortgages And Remortgages - Low Rate Loans From £5,000 To £150,000 - Release Your Equity With An Equity Release Plan

Video transcript

If you`re thinking about entering the buy-to-let market or want to expand your existing portfolio, it is a big decision and you really need to take care with getting the best mortgage possible for you.

Changes in the Budget have made investing in property even more appealing and, in the short-term, that certainly appears to be the case-with rents at a high level and the base rate still at its historically low 0.5 per cent, buying houses may be one way to try to build your savings.

However, the Telegraph has worked out that unless you`re careful and get the most suitable mortgage, you may end up making a loss when interest rates begin to increase, with Wales, the South West and East of England being the areas that could prove to be problematic.

The Telegraph has assumed that the base rate will be at three per cent as soon as 2017, which isn`t beyond the realms of possibility, and even landlords that don`t see their properties turn into money pits could see their returns diminish significantly.

So, if you want to look at multiple buy to let mortgages or remortgages then we could help at First Choice Finance, we will look at the lenders available on our panel and any quotation will be offered to you on a no-obligation basis. You decide whether to proceed or not.

For more about making the most of your buy-to-let, get in touch via firstchoicefinance.co.uk or give us a call on your mobile using 0333 003 1505, otherwise its 0800 298 3000.
 

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Homeowner Secured Loans
9.8% APRC. Representative example: Borrow £50,000 over 180 months. 60 months at 8.1%, £497.83 pcm fixed at 60% LTV. Then 120 months at 10.1%, £539.89 pcm variable. Total payable £94,656.60. Total cost of credit £44,656.60 (including: £795 lender fee, £985 broker fee & £42,876.60 interest). First Choice are tied to certain loan providers.

Mortgages & Remortgages
8.4% APRC.
Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)


Unsecured Personal Loans
REPRESENTATIVE 49.9% APR (VARIABLE)
First Choice are tied to certain unsecured lenders.


THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Security is required on immovable property.



Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.

First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.

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