Buy to Let Mortgages in Brighton

The minimum deposit for obtaining a buy-to-let mortgage in Brighton is 25% of property value. You may come across other lenders who ask for deposits somewhere between 20-40%.

The maximum amount that you can borrow for a buy-to-let mortgage in Brighton will depend on the projected rental income for the property. We tend to find, that most lenders will expect you to have your own income from either a main job or self employment.

We have some lenders on the panel who aren’t as interested in looking at your own income for a buy-to-let mortgage in Brighton, whereas others will want you to be earning a minimum of £25,000 pa per year.

As long as you have built up a decent amount of equity within your property and can release this equity via a remortgage in Brighton, this can be used for a deposit on a buy-to-let property. As we’ve said, the deposit for a buy-to-let is typically around 25%, though depending on circumstances you may be asked for somewhere between 20%-40%.

Yes, there are cases where some look to obtain a buy-to-let mortgage as a first time buyer in Brighton. Although, most lenders will prefer an applicant who is a current homeowner, over someone who hasn’t made mortgage payments before.

The benefits of having a mortgage broker in Brighton by your side will give you the chance to be informed through the entire process and look at which options are available to you based on your financial and personal circumstances.

Having responsive mortgage advisors in Brighton, we can search 1000’s of buy-to-let mortgages and always strive to ensure our landlords will receive help and support throughout the entire buy-to-let process.