Buy to Let FAQ's
Below are some commonly asked questions about buy to let mortgages.
If you have other questions that aren't answered on this page, please email us or call us on 0808 132 50 50 and we will answer any questions you have, no matter how big or small.
- How much can I borrow with a buy to let mortgage?
- How much will it cost?
- How long will it take to get my money?
- Can I repay my buy to let mortgage early?
- Can I cancel a buy to let mortgage application?
- Are there any up-front fees?
- How long does it take to get a decision?
- How confidential is my buy to let mortgage application?
- What if I have a question that is not answered here?
How much can I borrow with a buy to let mortgage?
You can borrow from £5,000 to £1,500,000
If you have a request that is outside this range we may still be able to help on a referral basis. Please contact us and we will do our best to help you.
How much will it cost?
The interest rate you pay on your buy to let mortgage will reflect your personal circumstances. Why not call us now to find out what your buy to let mortgage rate would be?
How long will it take to get my money?
When you apply for a buy to let mortgage from us you can expect to receive the cheque in as little as three weeks.
However if your buy to let mortgage requirement is more urgent we can achieve an even quicker completion. Just let us know.
Can I repay my buy to let mortgage early?
Yes you can repay your buy to let mortgage early. You may be required to pay an early repayment charge. Please refer to your loan agreement or mortgage illustration for details.
Can I cancel a buy to let mortgage application?
You can cancel your buy to let mortgage application at any time up to completion, however if you have paid a valuation fee this will not be refundable.
Are there any up-front fees?
The only fee's that will be payable upfront is a valuation fee and in certain circumstances a booking fee. These fees will only be payable once we have found the most suitable product for you, and you decide to proceed. Until then the service is completely free.
How long does it take to get a decision?
If you apply now, we could call you back in minutes. We will give you a decision, in principle, straight away and could send out your buy to let mortgage documentation today. You'll be under no obligation, and no salesman will call at your home. The final approval of your buy to let mortgage rests with your lender. We are confident that as long as the information you provide is accurate, the buy to let mortgage will be completed on the original terms discussed. However, until the buy to let mortgage is finally approved you should not enter into any agreements on the assumption that the buy to let mortgage will be completed.
How confidential is my buy to let mortgage application?
100% confidential. We treat all applications in the strictest confidence and at no time will we contact your employer or bank except with your permission. Clearly, the selected buy to let mortgage provider will need to contact your bank to arrange the direct debit for your repayments.
What if I have a question that is not answered here?
Contact us and we'll be happy to help. Call us free on 0808 132 50 50
Mr Brown wanted to develop a property portfolio. He arranged his first buy-to-let mortgage with Central Mortgages Buy to Let and we've helped him with every property since. Mr Brown now has a portfolio of 16 properties, which provides a great income and potential capital growth.