Buy to Let Mortgages in Kent

If you are thinking of getting a buy to let mortgage in Kent, the minimum you will need to put down is 25% of property value. Some lenders may ask for deposits in the range of 20-40%.

When it comes to the maximum amount you can borrow for a buy to let mortgage in Kent this all depends on the projected rental income for the property. For many lenders, they will expect applicants to have their own income from the applicant’s main job or self employment.

Here at UK Moneyman, we have a large panel of lenders who aren’t as interested in looking at your income for a buy to let mortgage in Kent, but others will prefer you to be a earning a minumum of £25,000 pa per year.

If you have built up a substantial amount of equity within your property and can release this equity through a remortgage in Kent, you can use this as a deposit on a buy to let property. As mentioned, the deposit for a buy to let is usually around 25%, however depending on the lender, you may be required to put down a deposit of around 20%-40%.

In some cases, you may be able to obtain a buy to let as a first time buyer in Kent. Contrary to this, the majority of lenders will prefer an applicant who is a current homeowner, over someone who hasn’t made mortgage payments before.

Approaching a mortgage broker in Kent can be beneficial as you will have lots of support and guidance throughout your mortgage journey and will get insight on the best route to take based on your personal situation and financial background.

As your dedicated mortgage advisors in Kent, we can search 1000’s of buy to let mortgages and always provide a tailored service to help and support landlords throughout the buy to let process.