Buy to Let Mortgages
whitewood Mortgages
Investing in Property Across Lytham St Annes, Freckleton, Blackpool, Poulton
and Preston
If you’re thinking about investing in property to let, Whitewood Mortgages is here to guide you through every step. Whether you’re a first-time landlord or looking to expand your portfolio, we specialise in helping clients across Lytham St Annes, Freckleton & Warton, Blackpool, Poulton, and Preston find the right Buy to Let mortgage for their investment goals.
The rental market in these areas continues to grow, offering strong opportunities for rental income and long-term capital growth. We provide clear, honest advice tailored to your circumstances and the local market.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
Read our full Disclaimer Here
What is a Buy to Let Mortgage?
A Buy to Let (BTL) mortgage is a specific type of mortgage designed for landlords who want to purchase a property to rent out. Unlike residential mortgages, Buy to Let loans are assessed primarily on the potential rental income and the investor’s personal finances.
Lenders typically require a larger deposit, higher interest rates and may have stricter affordability criteria. We help you navigate these complexities so you can make the most of your investment.
Why Invest in Buy to Let Property?
Many landlords in Lytham St Annes, Preston, and surrounding areas choose Buy to Let for these reasons:
Reliable Income
Rental income can provide a steady cash flow and help cover mortgage payments and property expenses.
Long-Term Capital Growth
Property values in coastal towns like Lytham St Annes and cities such as Preston have the potential to increase over time.
Portfolio Diversification
Buy to Let can diversify your investment portfolio beyond stocks and shares.
What Do Lenders Look For?
Buy to Let lenders assess applications differently than residential lenders. They focus on:
- Rental Income. Lenders usually require the expected rental income to cover 125% to 145% of your monthly mortgage payment.
- Deposit Size. Typical deposits range from 20% to 40% of the property value, depending on the lender and property type.
- Creditworthiness. A good credit history is important. Lenders will check your credit score and affordability.
- Property Type and Location. Some lenders prefer certain property types or locations. We know which lenders are best suited to Buy to Let properties in Blackpool, Freckleton, and Poulton.
- Experience. Some lenders consider whether you are a first-time landlord or experienced investor. We can guide you to lenders who welcome new landlords.
Costs to Consider
Buying a Buy to Let property comes with costs beyond the mortgage, including:
- Stamp Duty. A 3% surcharge applies to second properties, including Buy to Let homes.
- Legal Fees. Solicitors and conveyancers charge for handling the purchase.
- Mortgage Arrangement Fees. Many BTL mortgages have product fees which vary by lender.
- Maintenance and Management. Budget for repairs, insurance, and possibly a letting agent’s fees.
Types of Buy to Let Mortgages
Basic Buy to Let
This is a straightforward mortgage for renting out a single property. It requires a minimum deposit and a solid rental income projection.
Let to Buy
If you want to rent out your current home while buying a new one to live in, a Let to Buy mortgage may be suitable. It lets you keep your existing mortgage as a Buy to Let and get a residential mortgage on your new home.
Multi-Unit Buy to Let
For landlords buying buildings with multiple units, specialist mortgages are available. We help you find lenders who understand these more complex investments.
Commercial Buy to Let
Some properties are classed as commercial or mixed-use. We work with lenders who offer commercial BTL mortgages tailored to these cases.
FAQs: About Buy to Let Mortgages
How We Support Buy to Let Investors
Our role at Whitewood Mortgages is to make your Buy to Let journey as straightforward as possible. Here’s how we help:
Market Access
We search the whole market to find deals suitable for your investment plans.
Tailored Advice
We assess your finances, goals and property type to recommend the best mortgage product.
Application Support
We handle paperwork, valuations and liaise with lenders so you don’t have to.
Ongoing Support
When it’s time to remortgage or expand your portfolio, we’re here to advise you.
Contact us
Ready to Invest in Buy to Let Property?
If you’re considering Buy to Let property investment in Lytham St Annes, Blackpool, Freckleton, Poulton, or Preston, get in touch with Whitewood Mortgages. We’ll provide the advice and support you need to make the right mortgage choice for your investment.
Whitewood Mortgages – Helping landlords across Lancashire achieve their property investment goals.
Disclaimer
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Some buy to let mortgages are not regulated by the Financial Conduct Authority.
As with all insurance policies, conditions and exclusions will apply.
Whitewood Mortgages is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, Which is
authorised and regulated by the Financial Conduct Authority.
Proprietor: Marc Bennett Mortgage Broker Based in Lytham St Annes covering the
whole of the Fylde coast including Blackpool.
Mortgage Broker Blackpool
Registered Office: Whitewood Mortgages, 7 Orchard Road, St Annes-on-sea, Lancs FY8 1RY.
The Information on this website is subject to the regulatory regime and is therefore targeted at
consumers in the UK. No representations are made as to whether the information is applicable
in any other country which may have access to it.
Typically we charge an arrangement fee of £495.00, however the precise amount is dependent on your
circumstances and will not exceed 1.5% of the mortgage amount.
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Email us
marc@whitewoodmortgages.co.uk
Address
7 Orchard Rd,
Lytham Saint Annes
FY8 1RY
Call Us
01253 800 345