Buy to Let / Let to Buy / HMO Mortgages

Westexe Mortgage Solutions is a leading specialist provider of buy-to-let mortgages, let-to-buy mortgages, and HMO mortgages in the South West. We have strong links with reputable local letting agents. We provide solutions to first-time landlords, professional landlords with large portfolios, and buy-to-let mortgages for limited companies.

Get the best Buy-To-Let/Let-To-Buy/HMO mortgage deal:

Why use an independent mortgage broker

Buying a property to let needs care. You will need to find the right property and you may need to finance this property. The shrewd investor will invariably arrange a mortgage to finance the purchase.

Taking professional mortgage advice will ensure you get the best mortgage deal for your circumstances. We are a whole of market buy-to-let mortgage broker. We can offer you advice and access to the whole mortgage market, with deposits starting from as low as 15% and very low rates.

Some schemes are only available through brokers, like Westexe Mortgage Solutions.

Historically, buyers of property to let have been surcharged or forced to borrow at commercial rates, and potential rental income has not been taken into account for servicing the borrowings. Today there is little difference between arranging a buy-to-let mortgage and a standard mortgage for owner occupation.

Buy-to let mortgages are subject to the usual status checks, and can be arranged for a variety of terms and for up to 85% of the value of the property.

As an independent mortgage broker, we can arrange for the release of some of the equity in your own property to help finance the deposit. This would create 100% of the money required to purchase the property.

How Westexe can get you the best deal

With recent changes implemented by the the Prudential Regulation Authority (PRA), we have seen massive changes to how buy to let applications are assessed by lenders.

It is our job to understand these new challenges, and to provide the best possible solutions. This can be the difference between being able to borrow enough, and not being able to borrow enough.

  • We can put you into contact with other professionals to advise and guide you about purchasing your first buy-to-let mortgage.
  • We can connect you with excellent letting agents if you are absent landlords, or have a large portfolio to manage.
  • We can recommend suitable tax advisers so that you fully understand everything you need to know.
  • No matter how straightforward or complex a case might be, we are delighted to help with free, no-obligation mortgage advice.

Get a HMO mortgage

For professional landlords, we offer a complete range of Buy to Let mortgages, mortgages for HMO properties, buy to let mortgages for limited companies, and investment mortgages at very competitive rates.

Get a buy-to-let mortgage as a limited company

More and more people are purchasing investment properties using an SPV (Special Purpose Vehicle), otherwise known as a Limited Company, set up for the specific purpose of holding buy-to-let properties. This has income tax advantages, especially for higher rate tax payers.

We strongly recommend suitable advice is sought from a qualified tax adviser about this.

Many buy-to-let lenders are recognising this and offering good products for this purpose. Westexe Mortgages are able to source these for you.

Get a let-to-buy mortgage

These days people are finding it difficult to sell their existing property, yet they have pressing reasons to move.

Many lenders will allow customers to let existing property in order to buy a new one to live in. But at other times they will not, and an alternative lender needs to be found.

Care needs to be taken in arranging let-to-buy mortgages in order for it not to affect the borrowing power for the onward purchase. Invariably this is a two part transaction. Great care needs to be taken in selecting the right lender/s with the right product/s to maximise the potential of doing this.

Generally lenders will expect landlords to arrange an Assured Shorthold Tenancy agreement for letting the property. Advice is available in respect to this.

Best practices for let-to-buy mortgages

  • DO ask the advice of a reputable lettings management company for information on local rental demand.
  • DO consider a buy-to-let property as a medium to long-term investment.
  • DO make sure your sums add up. Ensure that the rent will cover mortgage payments and other costs, even if you have periods without tenants.
  • DON’T allow your own personal taste to influence your decisions. Ensure the property you choose matches the local need.
  • DON’T use off-the-shelf tenancy agreements from stationery shops. Ensure your paperwork suits your circumstances.
  • DON’T leave the running of your property to friends or relatives when you are away. Tenants will need a proper management service.

Contact us for free expert mortgage advice

We have over 40 years experience in arranging mortgages for every possible situation.

If you would like to explore the potential of buying-to-let or let-to-buy, we would be delighted to talk to you. Please contact us 24/7 for FREE advice with no obligation on buy to let mortgages.

Call us 24/7 on 01392 216 344 or use our Quick Contact Form below:

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