Buy to let remortgages are vital both for those looking to turn their home into a rental property, and those who need to remortgage their existing buy to let mortgage for whatever reason. Securing a remortgage for buy to let property can also be a great time to arrange a more favourable mortgage deal – particularly if you work with a broker like Articus Finance.
Remortgaging a property from residential to buy to let
If you have previously lived in a property but would now like to let it out as a rental, you’ll need to remortgage for buy to let purposes. We regularly work with clients who are moving away or even abroad for work and would like to remortgage a property they already own from residential to buy to let.
Likewise, we often work with individuals who are moving into a larger property – perhaps to accommodate a growing family – and would like to keep their existing property on as an investment.
The likelihood is that it would violate the terms of your residential mortgage to operate your property as a rental. While this can be confusing, especially for inexperienced landlords, this is a fairly common process.
Our brokers have plenty of experience with this situation and can ensure that transforming your home into a buy to let is a smooth process – even when the mortgage in question is a large one.
Buy to let remortgages for existing rental properties
If you’re an existing landlord looking for buy to let remortgages, we can assist. There are many reasons you might be looking to remortgage a buy to let, whether that’s adjusting your interest rate, or releasing equity to use for another purpose.
Whatever your reason for wanting to remortgage your buy to let, it’s important to understand that the buy to let market is always changing – and what was true when you applied for your current mortgage several years ago may no longer be the case. This is especially true for high value buy to let mortgages.
Every buy to let lender is different, so when they’re assessing your application, they’ll use different criteria to establish how much they are willing to lend to you and on what terms.
Whatever your situation, our brokers have a wealth of experience and the industry knowledge to navigate these negotiations. We can ensure that your case is placed in front of the right lender to achieve the best possible outcome for your buy to let remortgage deal
Our specialist mortgage brokers are highly experienced in negotiating the best mortgages and mortgage rates, no matter how complex your situation.
With over 20 years’ combined experience sourcing the best mortgage deals for global clients, our brokers have the skills, knowledge, and lender relationships to turn your property aspirations into a reality. To find out how we do it, explore our case studies.View our case studies