However you decide to source your properties you will need to find the buy-to-let lending product that best suits your needs.
As a first step I’d recommend that you download the Free Special Report which you’ll find on the Home Page of this web site – it’s a transcript and an MP3 audio file of an interview which I undertook with a specialist buy to let finance broker. In it you’ll find a lot of good information about buy to let finance and how to get it.
When you search for buy to let finance you can:
- Approach lenders direct.
- Use a broker
Some lenders will not deal direct with the public and so you will need a broker to access the full range of products available. Make sure your broker is actually a “broker” and not an agent. Agents tend to act on behalf of a limited number of lenders so again your choice will be restricted. Brokers might charge you an arrangement fee (not all do, some take a fee off the lender only) but they will help you find the right mortgage for you, saving a lot of time and potentially money on payments etc.
If you have access to the internet many brokers and lenders have websites. Some websites allow you to compare many different products; other sites allow you to make an application direct over the internet.
If you do a search on “buy to let” or “buy to let loans” or “buy to let finance” you’ll find 100,000’s of results.
So, for example, I have just searched on “buy to let finance” and have found numerous sites offering buy to let finance – some are the lenders and some are brokers and intermediaries.
Buy to let finance is even available through main stream sites such as www.moneysupermarket.com where I’ve just found listed buy to let mortgages provided by The Mortgage Works, Skipton BS, Coventry BS, Principality BS, Mansfield BS, Market Harborough BS, Virgin Money, Natwest and Woolwich (Barclays) and on www.gocompare.com where there are buy to let products from ING, Nationwide, The Cooperative Bank, Tesco Bank, First Direct, HSBC, Yorkshire BS as well as Natwest, Virgin Money and Principality BS.