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

Philip Shields
3 months ago
Lewis clearly cared for doing what was right. Any question or request i had was no issue for him. Went above and beyond during the whole process. Someone when needed i will always use and will 100% recommend to use them as well. Thanks for everything
Kirk Foster
2 days ago
We have been using kevin mitchell to advise us on our mortgages for quite a few years now. Kevin is not only friendly and helpful, but also extremely thorough. I would have no hesitation on recommending him to everyone. He has made the mortgage process so read more
customer
2 days ago
Fantastic efficient service
Louise Rayner
7 months ago
Kevin has been advising us now for approximately 20 years, on mortgages and insurances, he has always been extremely helpful with all the advice he has given us, more recently so with advice and support following paul’s stroke and claims in relation to that. I have read more
Tomasz Witomski
6 months ago
Outstanding service again delivered by our favorite mortgage advisor dave. As always very pleasant to talk to and gives the best advice you need. Highly recommended.
Amit
5 months ago
My experience with miles were great. I would clearly see bhavin, the consultant i was interacting took the extra miles to provide me with the best service. His communication was clear and i could see him taking steps to ensure i was getting the best deal. 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

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