GoHaven, Lettings Huddersfield, Residential Lettings and Management Agency, Student Accommodation, Houses and Flats To Rent,

Go Haven Mortgages Made Simple

When you consider buying a property to rent with a ‘buy to let’ mortgage, then let us guide you with non-biased advice and counting on over twenty five years experience in addition to access to the whole market when it comes to choosing the best mortgage for you.

Go Haven can arrange this for you with No arrangement fees, as the company is paid directly by the lender once your mortgage has been approved.

It is important to consider how much you can afford to pay and how much you will need to borrow. Typical lenders allow applicants to borrow up to 80% of the property’s value (also known as Loan to Value or LTV) for a buy to let mortgage, unlike a residential purchase of typically 90% of the LTV.

The size of the loan is usually linked to the expected rental income and subect to status.  As a guide, the lender will expect your monthly income to be 10% - 25% greater than your monthly mortgage payments.  Go Haven be happy to advise on potential rental incomes and when you have completed, we can complete a full rental assessment for you Free of Charge.

In addition to your mortgage payments you will need to take into account; 

• Buildings insurance
• Contents cover (where property is furnished)
• Maintenance costs (include gas/electrical appliance checks)
• Lettings & Management fees
• Periods of no rental income

For straight talking advice on the best mortgages in the marketplace, call 01484 544300 or click here for a FREE Call Back service at a time convenient for you.