Rising property values and a booming lettings market has meant that many lenders have developed mortgage deals tailored to the needs of would-be landlords.

A buy-to-let mortgage is a loan for purchasing a residential property that is let to tenants rather than lived in by the borrower. The typical deposit required is likely to be around 25%, although better deals will be available to those who can put down as much as 40% of the purchase price. Most buy-to-let mortgages are available on an interest only basis. Lenders will consider the potential rental income the property will generate when deciding whether to grant the loan.

A Buy-to-Let mortgage will be secured against your property.

Why use Miles Rhodes

You’re protected

An important thing to understand is that when you receive mortgage advice, Miles Rhodes has a duty of care to you. We will recommend a suitable mortgage and be able to justify why the particular mortgage we have chosen is right for you.

In contrast, if you go directly to a high street mortgage lender, don’t take advice, and end up with a mortgage that later becomes unaffordable, you may not have so much legal recourse.

All our mortgage advisers are qualified

There’s an awful lot to think about when choosing the right mortgage. It’s not as simple as just opting for the cheapest fixed or tracker rate mortgage you can find!

Mortgage advisers have to be qualified to give you mortgage advice, whereas you may not get that kind of guarantee if you ring up a lender’s call centre.

We are on your side

Miles Rhodes will look for the best mortgage for you. We aren’t on the lender’s side, we are on yours, and we give you access to far more products than if you went direct.

You will get unbiased advice and will be able to choose from a range of lenders and subsequent products, rather than being restricted to the single range of the lender you go to.

 

We know the industry

Mortgage criteria has tightened massively over the last few years, with the Mortgage Market Review being the latest, and arguably widest-ranging, development.

It’s been designed to ensure borrowers can prove affordability, even in the event of a rate rise, and those extra checks have understandably increased application times.

Our Reviews

Karl Fulcher
2 months ago
Matthew has helped so much during my remortgage process and made it all so so easy from start to finish. He has kept me updated throughout with the good news of my monthly payments coming down due to rates falling. He has been very professional and read more
Linda Sewell
1 month ago
Dave bates is an absolute star! He has been my mortgage advisor for many years. He is the most knowledgeable, approachable and friendly person you could wish for. Always there to answer any questions, no i matter what time of day. And you know you’ll read more
Ryan Bailey
2 months ago
Professional and friendly experience with miles rhodes ltd, highly recommend dave and team.
Customer
7 days ago
I’ve worked with kevin for 7+years now and that’s off the back off other family members also with the same feeling off a great service he provides. Best mortgage advisor i’ve come across always contacted me with updates to better me and my read more
Helen Malcolmson
2 months ago
Kevin mitchell has arranged our mortgages for quite a few years now and has just renewed our mortgage again. He contacted us back in the summer when the interest rates were continuing to rise and reassured us that he would find us something. After months of read more
Colin Robertson
1 week ago
Kevin has provided mortgage advice for us on numerous occasions and has always been completely dedicated and supportive in finding us the best rate available. Nothing is ever too much trouble and he has gone over and beyond in answering all our queries and questions quickly read more

Want to know more?

To find out more or arrange a meeting with us, please call
01362 423042, or email contact@milesrhodes.net