This is a highly specialised market and so extra care must be taken by the buyer.

Buy-to-let (BTL) mortgages are a lot like ordinary mortgages, but with some key differences:

The fees tend to be much higher.
Interest rates on buy-to-let mortgages are usually higher.
The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value (although it can vary between 20-40%).
Most BTL mortgages are interest-only. This means you pay the interest each month, but not the capital amount. At the end of the mortgage term, you repay the original loan in full. BTL mortgages are also available on a repayment basis.
Most BTL mortgage lending is not regulated by the Financial Conduct Authority (FCA). There are exceptions, for example, if you wish to let the property to a close family member (e.g. spouse, civil partner, child, grandparent, parent or sibling). These are often referred to as a consumer buy to let mortgages and are assessed according to the same strict affordability rules as a residential mortgage.

Advising, arranging, lending and administering BTL mortgages for consumers is covered under the same laws as residential mortgages and is regulated by the Financial Conduct Authority (FCA)

Remortgages

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Clients Testimonials

Having worked for 18 years in the financial services industry I would like to feel I know what I am looking for in a trustworthy and professional financial adviser; especially for company ‘key man’ protection.

From the outset Lorne has shown patience, professionalism and given updates and clear explanations when required.

He anticipates situations early and leaves you feeling that nothing is too much trouble – and it isn’t !

Paul L

May I thank you hugely for your assistance with my elderly client, who had recently been told by her existing mortgage lender that her interested only loan would have to be repaid within 3 months, due to the term expiring and the fact that she was over 75 years of age.

She came to me in a state of anguish at the thought of possibly losing her home.

However, you were able to provide reassurance to her quickly and efficiently enable her to re-mortgage onto a lifetime mortgage product, which will enable her to continue making low repayments and stay living in her home for the rest of her life.

unlike the quite release scheme that she has previously been looking at the equity in her home will be retained for her to pass onto her children, for which she is very grateful.

many thanks again. I will continue to refer clients to you with confidence.

Matt B

Mortgage Advice

A little while ago I decided to get back on the housing ladder and purchase a property. This was not as straight forward as you would think due to the fact I had a minimal deposit due to business issues stemming from the credit crunch. Not to be put off Lorne got to work and secured a mortgage for me with a main stream lender with the minimal of fuss.

Andrew S

Mortgage Advice

A few months ago we decided to move house and asked Lorne if he could advise us on a change of mortgage. He quickly put a plan into action and met with us at our home, to get the information he needed, at our convenience.

P Wilson

Mortgage Advice

Following your personal and professional service, we now have peace of mind and can’t thank you enough for organising everything. We were very impressed and we will be continuing to use More Than Financial in the future. We will also recommend you highly to all of our family and friends.

E Wilson

Protection

This is a highly specialised market and so extra care must be taken by the buyer.

Buy-to-let (BTL) mortgages are a lot like ordinary mortgages, but with some key differences:

Clients Testimonials

More Than Financial

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