When it's time to secure a new buy-to-let mortgage, you certainly have the option to approach a lender on your own. Perhaps you have a strong relationship with your bank, a specific lender was recommended to you, or you believe bypassing an intermediary will save you money. However, by taking this route, you may miss out on the most advantageous deal for the duration of your investment, which raises the question of its prudence.
Here are four compelling reasons to consult a mortgage broker for financing your buy-to-let properties, each offering significant benefits that can enhance the profitability of your investment:
Expert knowledge
A mortgage broker possesses the expertise to guide you efficiently, ensuring you avoid common pitfalls and secure a better deal than you might find on your own. They know precisely what information lenders require and how to present it, increasing your chances of approval.
Access to a wide range of mortgage deals
Mortgage brokers have access to an extensive array of products and can identify the most suitable options for your unique circumstances. This broad access means you're more likely to find a mortgage that perfectly fits your financial goals and investment strategy.
Swift access to limited-time deals
Some mortgage deals are available only for a short period. Brokers, especially those specialising in buy-to-let, can quickly secure these limited offers. Their prompt and precise handling of the administrative process ensures you don’t miss out on advantageous terms.
Ongoing portfolio reviews
A dedicated broker stays current with regulatory changes and new mortgage products, providing timely advice on when to switch mortgages to optimise your returns. They can collaborate with your financial adviser to ensure your investment continues to perform at its best.
Our award-winning buy-to-let specialists are ready to assist landlords with their mortgage needs. Whether you require a portfolio review or have other questions, don’t hesitate to contact us. Let us help you maximise the potential of your property investment.
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
Mortgage Advice Bureau is a trading name of Gloucester Property Centre Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. Gloucester Property Centre Limited. Registered Office: 6-8 Sabre Close, Quedgeley, Gloucester GL2 4NZ. Registered in England Number: 04164045