Kingswood Associates - commercial finance specialists
established 1997

KINGSWOOD ASSOCIATES

property finance specialists

0845 230 3 230
Kingswood Associates Ltd
4 Museum Place
Cardiff
CF10 3BG
Kingswood Associates Ltd Berkeley Square House
Mayfair, London
W1J 6BD





Buy to Let & Residential Team – 029 2035 3085
Commercial & Development Team – 029 2035 3080
enquiries@kingswoodassociates.co.uk

Buy to Let Mortgage Q & A

We thought it might be useful if we listed the questions most frequently asked by our prospective/existing Landlords. Our dedicated Buy to Let team are happy to answer any questions you can think of. Whether you are just starting out in property investment or are an experienced land-lord then you can call them now on 0845 230 3 230 or fill in our online enquiry form and we’ll be in touch.

How is the amount I can borrow calculated?

Buy to Let mortgages are usually calculated with the anticipated rental income in mind. Some lenders also use personal income as a part of the calculation.

What Loan to Value ratio can I expect?

Typically investment mortgage lenders offer up to 80% of the property value with the purchaser committing the remaining amount as a deposit.

I’ve heard about gearing, what is it?

If you have equity in a property, you can release it by remortgaging and use it as deposits for further properties. For example, a property purchased for £100k with an £85k mortgage which is now worth £160k, could be remortgaged to 85% of its current value, releasing £51k in cash. Splitting this into two deposits and arranging new 85% mortgages, you can buy two more properties of the same value, TRIPLING the size of your portfolio. This concept applies no matter what size your existing portfolio. This could also triple their risk of losing money and that increasing borrowing should not be undertaken lightly.

Can I just remortgage for a better rate?

Absolutely! If you have not had your portfolio arranged by a specialist Buy-to-Let Broker, it is possible that there are rates that you were unaware of and therefore it may be that that a better deal can be arranged for you.

What happens if I have no accounts, or they show little profit?

No problem! Many of the dedicated Buy-to-Let lenders appreciate that you wish to pay as little tax as possible, and are therefore concerned only that the rent achievable on the property covers the mortgage payment by a certain amount. If it does, then they are happy to accept your own declaration of Income, and not ask for certified accounts.

Are any properties excluded?

No! Although some lenders insist on an unchanged house as their security, many will happily accept houses converted into flats, HMOs, bedsits, flats above commercial premises, blocks of flats etc. Obviously, any property must be in a suitable condition for mortgage purposes.

What about Commercial Property Investment?

A large number of our Landlords who have started in the Residential Sector look to broaden their Portfolio as they expand - one way to do this is with Commercial Property. As a Corporate Tenant you may sign for 15-25 years and will both insure and repair the property themselves, dependent on the terms of the lease.

What if I have DSS, Students or Asylum Seekers in my properties?

Again, although some lenders perceive these tenants as more of a risk, others appreciate that this market can give good returns and are happy to lend.

Our dedicated Buy to Let team are happy to answer any questions you can think of. Whether you are just starting out in property investment or are an experienced land-lord then you can call them now on 0845 230 3 230 or fill in our online enquiry form and we’ll be in touch.

How much will it cost to phone our 0845 number(s) from a BT landline?

0845 numbers are now included in BT’s Anytime, Evening & Weekend call plans which means that most residential customers will be able to phone for free. Outside of these plans, calling will cost you a maximum of 5.4 pence per minute.

How much will it cost to phone our 0845 number(s) from a mobile?

Calling an 0845 number from a mobile will cost between 20-30p per minute depending on what network they are on.

HOW TO APPLY

Option 1
Call Now on 0845 230 3 230

Option 2
Request Call Back and we'll call you straight back.

Option 3
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Kingswood Associates Ltd is authorised and regulated by the FCA (Financial Conduct Authority) for Consumer Credit business – FRN 711245.
Your Home may be repossessed if you do not keep up payments on your Mortgage.
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