Can you remortgage a buy to let property?
Yes you are able to remortgage a buy to let property.
The market is well established and there will be a good number of lenders to choose from.
Like any home mortgage, it is a good idea to remortgage your buy to let once any special interest rate period has finished. This ensures you don’t pay the lenders much higher SVR.
Remortgaging also gives you the opportunity to capital raise by borrowing against the accrued equity. This money could be used to expand the portfolio or to pay for repairs and improvements.
HOW CAN WE HELP?
Choosing a mortgage is an important financial decision and it’s easier with someone who’s on your side. We work as a whole of market mortgage broker so that you get the best possible choice of mortgages.
DRAKE MORTGAGES ARE EXPERT BUY TO LET MORTGAGE BROKERS
We are experienced whole of market brokers who can help you get a great holiday let mortgage.
We can also give you access to exclusive schemes and some specialist lenders who don’t deal direct with borrowers. Loans are available to individuals and SPV’s upto 75% and we can help with Scottish properties, mixed use, multi-lets and Airbnb.
Bridging loans are one of the most useful, multi-purpose, types of lending solutions available. You can get a bridging loan approved on almost any property for almost any reason. Great for auction purchases or snapping up a buy to let bargain.
And we can arrange them really fast.