A Guide to Buying Property as an Investment

Investing in property can be a smart way to build wealth and secure your financial future. Whether you’re looking to generate rental income or diversify your investment portfolio, there are several mortgage options tailored to investment buyers. 

Standard Buy to Let Mortgage

A standard Buy to Let (BTL) mortgage is designed for individuals or companies looking to purchase an investment property to rent out to tenants. Unlike residential mortgages, these loans are intended for properties that won’t serve as your primary residence. They often require a larger deposit and higher interest rates but can be a lucrative way to generate steady rental income.

Buy to Let Remortgage

If you already own a rental property, a Buy to Let remortgage allows you to switch your current mortgage to a new deal. This could be with your existing lender or a new one. The goal is typically to secure a better interest rate, reduce monthly payments, or switch between fixed and tracker rates. Importantly, this type of remortgage doesn’t always involve borrowing additional funds however this can also be done at the same time, if you need additional funds for other ventures such as purchasing more BTL properties.

Let to Buy

A Let to Buy mortgage is perfect if you’re looking to turn your current home into a rental property while purchasing a new property to live in. Here’s how it works: you remortgage your current home to a Buy to Let mortgage, enabling you to rent it out, while simultaneously securing a residential mortgage for the new property you plan to live in. This option can be ideal for homeowners who want to move but don’t wish to sell their existing property.

Choosing the Right Option

Each of these investment-focused mortgage options comes with its own benefits and considerations. The right choice depends on your financial goals, current circumstances, and future plans. It’s crucial to understand the specifics of each mortgage type to ensure it aligns with your objectives.

How Turtle Mortgages Can Help

At Turtle Mortgages, we’re here to guide you through the complexities of investment mortgages. Whether you’re a seasoned investor or exploring your first property purchase, we can offer personalised advice tailored to your needs. Book a call with us today to get started on your investment journey.