Frequently Asked Questions

I want to purchase a property to let out.

Buy-to-let has in recent years, become an increasingly popular mortgage option for those wishing to invest in residential rental property.

Like a standard mortgage, landlords have a choice between interest only and repayment mortgages. However, buy-to-let mortgages differ in several important ways from standard mortgages.

There are a number of issues that must be taken into account when sourcing Buy to let mortgages and this is where we add value to our clients. We are experienced in all aspects of the Buy to let mortgages and have access to products from the whole market.

A major difference is the criteria lenders apply when considering approving a loan. Buy-to-let mortgage lenders base their decisions on whether or not to approve a loan on the likely rental income from the property and not the applicants' income.

It is now easier to obtain higher loan amounts by using selective buy to let specialist lenders.

At Riverside Mortgages Ltd we have helped many of our clients build profitable Buy to let portfolios’. With access to market leading exclusive deals we have helped our clients take advantage of greater borrowing power or favourable rates.

We have access to Buy to let mortgage products which ignore rental income that permits substantially larger loan amounts in certain circumstances.

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

We offer all our clients a free initial consultation after which a non refundable commitment fee of £95 will be charged with a further £250 payable on completion based on individual client circumstances. We also offer a fee only option whereby we charge a 2% broker fee on the amount borrowed and any commission derived from the lender is rebated back to the client.

The overall cost for comparison is 7.9% APR

Riverside Mortgages Ltd is registered in England and Wales. Registration Number: 5978086