There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
Your property may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
Mortgage Advice Bureau is an expert mortgage network and the UK’s best-known broker brand, winning national awards for the quality of its advice and service in each of the last five years.
With over 800 advisers offering expert buy-to-let mortgage advice on a local, regional and national level to UK landlords. We handled record numbers of mortgage applications in 2014 and currently arrange £9bn of loans each year.
We are a national network of mortgage brokers with access to over 90 UK lenders. The relationships we have with them, combined with the volume of mortgages that we arrange, put us in a very strong position to ensure that you have access to the latest deals available and receive a first-class service.