BUY TO LET MORTGAGES
Working with you to achieve your goals
There are many factors to take into account when financing a rental property, whether you're an experienced Landlord or new to the Buy-to-Let market.
You might be aiming to generate an income, achieve growth or both. At MHC, we'll work with you to try and put a plan in place for you to help reach your goals.
The Financial Conduct Authority does not regulate some forms of buy to let mortgages.
WHAT DOCUMENTS WILL YOU NEED?
Lenders will need some documentation from us to help demonstrate that you can afford the mortgage we request. Whilst we'll discuss with you during our initial call, if you can prepare the following documents (preferrably scans or electronic versions) it will save time and ensure a smooth process.
We'll provide you with a secure portal to send your documents over to us when required.
ID
Scanned copy of your Passport or Driving Licence
PROOF OF ADDRESS
Recent Utility Bill, Council Tax Bill or Bank Statement
PROOF OF INCOME
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Employed Clients - Latest 3 Monthly Payslips and Latest P60
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Self Employed Clients
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Latest 2 Years Accounts, or
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Latest 2 Years HM Revenue & Customs (HMRC) Tax Calculation accompanied by corresponding Tax Year Overviews
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BANK STATEMENTS
Latest 3 Full Months Bank Statements for all active current accounts - showing both salary credits and outgoings (direct debits, standing orders etc)
EXISTING BUY-TO LET PORTFOLIO (IF APPLICABLE)
A spreadsheet with basic details about the property, rental income and mortgage help provide an overview of your portfolio
PROOF OF DEPOSIT (If applicable)
Bank / Savings account statement showing gradual build up of funds
What you need to know
There may be a fee for arranging a mortgage, typically £199 for Residential and Buy-to-Let remortgage applications, £375 for residential and buy-to-let purchase applications and £499 for applications with specialist lenders due to adverse credit. Fees are payable upon receipt of your Mortgage Offer from the chosen lender.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages.
The guidance and/or advice contained within this website is subject to the UK Regulatory Regime and is therefore targeted at consumers in the UK.
MHC Mortgage & Protection Ltd is an appointed representative of HL Partnership Ltd, which is authorised and regulated by the Financial Conduct Authority. HL Partnership Ltd is entered on the FCA register under reference 303397
MHC Mortgage & Protection Ltd is registered in England and Wales - 12067840 – Registered address – 13 Aurum Close, Whitstable, Kent. CT5 3FN