Looking for Your Next Property Investment?
Hi I’m Nicola and I’ll be your first point of contact at Cooper Rose. I can’t wait to put you in touch with our friendly, knowledgeable and impartial advisors.
P.S. Don’t worry if you’re not sure about your BTL needs, we’re happy to help!
Your mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up payments on your mortgage or any other debt secured against it.
The Financial Conduct Authority does not regulate some forms of Buy to Lets.
Welcome to Cooper Rose
Buy to Let Mortgages are complex and the options available from lenders varies significantly. If you’re looking to make Property pay, you need a broker who understands your plans and finds the product that fits.
We know it can be stressful being a property investor, but with a super team of experts to help, we aim to take the burden of finding the right mortgage away, leaving you more time to view the next deal!
Your Buy to Let Mortgage
Single lets are great, and a fab way to start as a property investor, but not all BTL options are so straightforward. Don’t worry, we can help with most options (and if not we can point you in the right direction).
Buy, Refurbish, Rent, Refinance… it’s a great way to grow your portfolio.
What they don’t tell you is that some lenders are quicker than others when it comes to refinancing…
If you’re looking to mortgage a property and rent it out as a holiday home or serviced accommodation you need to look at lenders who allow this. We can help find the most suitable deal for your business.
If you’re an owner of a House in Multiple Occupation or you’re looking to change a property to an HMO we can help find you the most suitable lender for your requirements.
How It works?
We're aware of how important your mortgage is to your ongoing financial health. If you're at all worried about anything at all, just give us a call. We're happy to advise on your circumstance, no question is too small and definitely not trivial (plus you're safe with us, we've heard it all before 😉).
Call, email or send a message on our social channels. We will be back in touch with you as soon as possible to get some basic info to enable our super star advisors to hit the ground running.
One of our lovely team (see below) will spend some time getting to know your circumstances. We will then find the most suitable mortgage and protection products based on your circumstances.
This is the exciting part!... Once you're happy with everything we have presented, we will then send off to the lenders. It won't be long until we have that all important Decision in Principle.
Buy to Let FAQs
No question is too small and definitely not trivial, so if yours isn’t answered here, just give us a call.
Most lenders ask for at least 25% of the property’s value, and some will consider 20%. It depends on the property, the lender and your finances.
Rent isn’t guaranteed, so we’ll talk through how you’d cover the mortgage if the property is empty for a while.
Many lenders will consider first time landlords, although some want you to own your own home already. We’ll point you towards the lenders that suit your situation.
That’s mainly a tax question, so it’s worth speaking to your accountant first.
We can tell you how lenders treat each option and which deals are open to you either way.
Lenders check that the expected rent covers the mortgage payments at a test interest rate, which is usually higher than the rate you’ll pay. This is called a rental stress test.
They’ll also look at the property’s value and often your own income. The calculation varies between lenders, so we’ll compare a few with you before you commit.
Possibly, but a standard buy to let mortgage won’t usually allow it. You’ll need a lender that accepts holiday lets or serviced accommodation.
Bookings can rise and fall with the seasons, so we’ll talk through how you’d cover the mortgage in quieter months. We can also help find a suitable lender for your plans.
Yes. If you own a House in Multiple Occupation, or you’re looking to change a property to an HMO, we can help find a suitable lender.
Lenders will usually look at your experience as a landlord and check the property has the right licence.
Possibly, by remortgaging to a new lender or borrowing more from your current one. The lender will look at the property’s value, what you already owe and whether the rent still covers the higher payments.
Borrowing more means higher payments, and less equity if prices fall. Let’s talk early so we can look at the options together.
You’ll need your lender’s permission first, which is called consent to let. Some lenders charge a fee or a higher rate for it, and some will want you to switch to a buy to let mortgage.
We’ll look at the options with you, alongside the mortgage for your next home.
The Cooper Roses
CeMAP Qualified
Owner | Mortgage & Protection Advisor
CeMAP Qualified
Mortgage & Protection Advisor
Mortgage & Protection Administrator
Our Clients are the best!
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