Buy To Let Mortgages
A buy to let mortgage is a loan for an individual or company to purchase a property for the explicit purpose of renting it out. As a minimum costs, such as mortgage interest, repairs etc. should be covered by rental income, with the main objective being capital appreciation of the asset. Buy to let schemes are often used by individuals as an alternative to a pension scheme due to the fact that the annuities purchased by pension funds cannot be passed on as an inheritance to the next generation. Buy to let mortgages are normally made available for up to 85% of the property value.
Prior to committing to purchase a property it is essential to determine whether the necessary finance is available, either from personal savings, or from a mortgage lender. NFS has extensive contacts with lenders including competitive deals only available through introducers.
What can NFS offer?
Any or all of the following options are available:
- Complete business financing and refinancing incorporating an overdraft facility plus commercial term loan and any or all of the options below.
- Commercial mortgages and remortgages. Turn your fixed capital into working capital or reduce your current interest rate.
- Property development loan. Finance as you build.
- Bridging Finance.
- Buy to let mortgages.
- Plant & Equipment (both new and used) finance.
- Vehicle (both new and used) finance.
- Working capital finance. Why wait for your customers to pay you or miss out on a large order because you cannot buy the stock?
- Vendor finance. If your customers require finance in order to buy from you we can assist.
- Refinancing existing plant and machinery.
- Payroll Finance.
- Loan Guarantee Scheme – unsecured lending backed by the DTI.
- Franchise purchase finance.
- Franchise expansion finance.
