Buy to Let mortgages with no broker fee
ry our free mortgage sourcing system available on-line at www. btl-direct.com Just enter your search requirements and filter over 400 landlord mortgage products. Apply additional filters to narrow the choice of lenders and see full details of the mortgage you like best. All these mortgages can be applied for online and without any broker charges.
You’ll find a useful helpline with knowledgeable and friendly staff ready to assist you if you have any queries, or if you encounter any problems. Once you have found the mortgage you prefer, you can complete an application form on-line and submit it for processing. One of the processing team will then contact you by phone to confirm a few details.
A lending decision is usually obtained within 24 hours and you’ll receive confirmation by email. You’ll be provided with a list of requirements the lender will need to see and a secure link to pay any valuation fees etc.
This service is provided completely free of charge and you can use it as often as you like.
Here’s a few tips to help you
Calculation to show the minimum monthly rent required for any given mortgage amount
Mortgage required x the lender’s interest rate x 125% ÷ 12
The lender’s interest rate is sometimes the interest rate of the mortgage product, but sometimes a notional rate which is shown in the specific mortgage details of each product.
Calculation to show the maximum mortgage from any given monthly rent
Annual rent ÷ the lender’s interest rate ÷ 125%
If you would prefer us to do everything for you, we can provide a bespoke service comprising all of the following features:
1. Discuss your circumstances and requirements in full usually by telephone, and/or email.
2. Search the market and find the most appropriate mortgage for you.
3. Send you a full mortgage illustration and ask for your comments.
4. Complete a mortgage application for you over the phone and send it to you by email.
5. Deal with any queries and guide your application to a successful completion.
We charge a modest fee for this service, usually £99 at application (after stage 4 above) and £500 after the mortgage has completed (after stage 5 above). For complex Buy to Let cases the completion fee may increase to a maximum of 1% of the mortgage amount, but we will inform you of this at the outset (after stage 1 above). We will be pleased to progress at your preferred pace.
Or call our experienced adviser today on 0117 223 2050 to discuss your requirements.
Types of property
Details about types of acceptable property here
- Self Contained Flats
- Must be leasehold title
- Flat must have its own entrance
- Holiday home [any variations restricted occupancy?]
- Property located in England Wales and Scotland
Tenancy types accepted
- Working professionals
- Corporate lease arrangements (such as let to local authority)
Contact us on 0117 223250 to discuss your requirements with a Buy To Let mortgage specialist
Mortgage Application Assistance
We can even complete the mortgage application on your behalf. The mortgage adviser can help you complete the application over the phone or email.
Light Refurbishment Mortgages
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