I was pleased to make a mortgage presentation to the Cardiff Landlords Forum which was attended by over 50 landlords and staff from Cardiff Council. I covered three areas.
HMO mortgage lending and lenders. (Paragon/ Leeds / Monmouthshire / Kent Reliance / TMW / BM Solutions).
Santander’s competitive follow on Buy to Let Rate @ 4.24%. Strict underwriting criteria.
Converting your existing residential mortgage to an offset mortgage. You can then use this as an additional source of finance and have your rental income paid into an offset savings account to reduce your residential mortgage term.
A question was raised about maximum mortgage term. A helpful lender is The Mortgage Works as they will lend to age 90. They also have the benefit of no minimum income requirements and no income needs to be stated on the mortgage application.
Why use Neil Soundy Financial for advice on your mortgage in Cardiff?
We will give you expert impartial advice on the mortgage market.
Useful link
https://www.moneyadviceservice.org.uk/en/articles/choosing-a-mortgage-shop-around-or-get-advice
How Much Will It Cost Me For Your Advice?
A fee of £495 is payable on completion of the mortgage and Neil Soundy Financial Services Ltd will keep the commission received from the lender for arranging the mortgage.
Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Financial Conduct Authority does not regulate some forms of buy-to-lets.
We do not give or imply legal or taxation advice. We recommend you contact a solicitor or accountant for advice in these areas.
Think carefully before securing other debts against your home/property. Your home/property may be repossessed if you do not keep up repayments on your mortgage.
