Are you looking for a Buy To Let Mortgage in Peterborough? You’ve ended up in the right place. Talk Mortgage Broker Peterborough is one of Peterborough’s leading Mortgage Brokers, and we are here to help provide you with the best options for you.
How much deposit will I need for a Buy to Let mortgage?
To buy a property to let, you will usually need a larger deposit than for a residential mortgage, typically between 20% and 40%. That means the loan-to-value (LTV) mortgage lenders are looking for is between 60% and 80%.
What are the tax implications of owning a Buy to Let?
Running a Buy-to-Let property means you must complete an annual tax return by Self-Assessment. Buy to Let is less tax efficient today than it once was.
A further tax-related concern is that if you sell your rental property, it will be subject to Capital Gains Tax. You will also be eligible for additional stamp duty: a Buy to Let property costs an extra 3% in duty. It’s essential to seek professional financial advice about the tax benefits and implications – and we can help you with that.
Getting the most valuable deal with a buy to let mortgage involves a fair bit of research and comparison. Talk Mortgage Peterborough will do all the legwork for you – we explore your specific situation and find good value deals to meet your needs. We’ll look at rates, fees and criteria to recommend a suitable first buyer mortgage deal.