An understanding of the risks involved
The buy to let market may be lucrative but it isn’t without its risks and challenges. Would-be landlords must understand these risks and the financial implications of investing in buy to let. At Hank Zarihs Associates we provide ourselves on providing transparent information on the mortgages we recommend through our lending panel, for complete clarity and peace of mind.
We compare the best buy to let deals for you
The team of mortgage experts at Hank Zarihs Associates only needs a few minutes to gather the basic information that we need to recommend relevant mortgage products, tailored to your needs. We work with a tried and trusted panel of experienced and specialist lenders who are motivated to lend and secure deals which often aren’t available on the open market.
What fees do brokers charge?
Buy to let mortgage broker fees vary according to the mortgage product being taken out but are typically around the 1%-1.5% mark. Full details of these fees are provided with your mortgage illustration. It’s important to note that buy to let mortgages typically have higher interest fees than residential mortgages.
Do Hank Zarihs Associates brokers charge a fee?
Yes, we charge an application fee that is typically 0.5% to 1% and full details are provided as part of your tailored mortgage illustration. We manage the entire application process for our customers to help them to secure their mortgage as quickly as possible.
Are there any additional fees?
There will be additional fees for the legal work and valuation and a repayment fee for exit paperwork at the end of the mortgage term. Again, full details of these fees will be provided for complete transparency.
The arrangement fee is usually between 0-2%, depending on the type of loan you apply for, but this is usually charged via the lender. This covers the administration work that needs to take place to set the mortgage up.
Some mortgage lenders charge a booking fee on their mortgage products. This allows the applicant to secure a certain interest rate without fear of it increasing later down the application process (for example, if the lender pulls that particular rate.)
The legal costs cover the necessary searches and the valuation report. If a more in-depth valuation is needed, such as a structural survey, this will cost more than the standard valuation.
Can a limited company get a buy to let mortgage?
Yes, after certain tax changes were brought into law in 2016, it has become more popular to purchase a buy to let as a limited company. Mortgage lenders now offer buy to lets for limited companies, and Hank Zarihs can provide access to highly competitive mortgage deals of this kind.
Other areas we cover
At Hank Zarihs Associates we are a leading broker in all types of development and commercial finance, including bridging loans, development loans, buy to let loans, auction finance and other forms of specialist business finance. We act as a broker for individuals, companies, trusts and other entities, securing competitive loans from trusted lenders on our wide range of development and investment finance.
BTL mortgage brokers in London
The team at Hank Zarihs Associates works as a buy to let mortgage broker for customers in London, seeking to take advantage of the city’s property boom.
Buy to let mortgage broker Kent
The BTL market in Kent is highly buoyant, and Hank Zarihs can find you the most competitive BTL mortgages from our panel of trusted lenders.
Buy to let mortgage broker Scotland
We also handle buy to let mortgages in Scotland and can provide tailored advice on the slightly different legal processes that BTL purchases follow.
Speak to our brokers today!
Got any questions about buy to let mortgages? Our team of brokers is only just a quick phone call away and available from Monday to Sunday, 9 am till 9 pm. Call us on +44 (0) 20 3889 4403 or see our online FAQ.