Buy to Let Mortgages
Whether you're a first time landlord or already have a successful portfolio, the buy to let landscape continues to become more and more complex.
The UK's buy to let mortgage market is constantly evolving following a series of amendments to UK tax legislation and the regulatory landscape.
Buy to Let Mortgages
Whether you're a first time landlord or already have a successful portfolio, the buy to let landscape continues to become more and more complex.
The UK's buy to let mortgage market is constantly evolving following a series of amendments to UK tax legislation and the regulatory landscape.
Landlord or lemming?
There may be profit in property but is it worth the hassle?
I've never owned a property, can I be a landlord?
How much can I borrow?
Are the interest rates higher?
Do I need a limited company to become a landlord?
How much deposit do I need?
How can I grow my portfolio?
How do we get started with letting property?
What costs are involved in being a landlord?
What are the tax implications of being a landlord?
Do I need to earn a minimum amount of money?
I'm too old to be a landlord?
About half of our business is buy to let mortgages.
We're perfectly placed to guide you whether it's your first or fiftiest.
We have created landlords, and we've helped experienced landlords grow their portfolio, many significantly. We know exactly which lenders to use whatever your circumstances
We can tell you if a potential property will work as a BTL before you even speak to the estate agent
We will provide you with advice around LTD company vs personal name transactions
We will decipher all the jargon for you
BTL applications can be complicated, we take care of everything from start to finish
We explain the tax implications (but remember we're not accountants)
Yes, agreement in principle does exist for BTL, so if you need one, well take care of it
We liaise with all parties, including agents and solicitors to ensure the transaction runs smoothly
Case Stories
Craig has acted as my IFA for over 10 years during which time he has personally assisted me in growing my BTL portfolio including releasing equity at the required time to purchase new properties.
He has always acted professionally & expediently. It has always been a delight to work with Craig. I have no hesitation in recommending his services.
Craig Fish has provided mortgage advice to support my residential portfolio over the last 10 years. Craig has gone above and beyond on many occasions and I can truly say his expertise in his field has saved me time and money.
He has always been professional in his approach but with a friendly manner. I can say over time we have built a friendship and I feel I am able to pick up the phone and ask him about those tricky situations one might find themselves in on occasions!
Thank you, Craig, for helping me over the years and I look forward to working with you in the very near future.
For almost 10 years Craig has supported me in building my buy to let property portfolio.
My requirements are generally complicated, as there is a vast number of variables to consider, and conflicting priorities at scale. Craig works in a methodical manner, advising on short-, medium- and long-term risks and rewards, and can draw up solutions tailored to my needs. These solutions are then explained by Craig personally in detail, which provides great assurance through the process.
I've always felt secure working with Craig, as he continues to promote risk, privacy and data confidentiality.
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Privacy Policy
Lodestone will be what is known as the 'controller' of the personal data you provide to us. We only collect basic personal data about you which does not include any special types of information or location-based information.
Why do you need my data and what will it be used for?
We need to know your basic personal data so we can make contact with you and respond to your message, request or query. All the personal data we process is processed by our staff in the UK.
Who is my data shared with?
Your data will only be shared with third parties if this is necessary to respond to your request. If this is the case, we will seek your permission before passing on your details.
How long do you keep my data for?
We may store your data for up to six years past the end of any business relationship, after which time it will be securely destroyed. If you would no longer like us to process your data at any time, you have the right to object to processing of your data. To do this, please contact info@lodestone.mortgage
What are my rights?
You have the right to object to the processing of your data. You also have the right to request access to your data at any time. You have the right to rectification and/or erasure of personal data or restriction of processing. If you wish to raise a concern related to how we have handled your personal data, you can contact us to have the matter investigated at info@lodestone.mortgage . If you are not satisfied with our response or believe we are processing your personal data not in accordance with the law, you can complain to the information commissioner's office: https://ico.org.uk
Being a landlord
Here at Lodestone, we constantly watch the market to ensure we are always ahead of any changes in regulation, products, industry and economic changes.
This helps us to provide a better service. Likewise, you should look at yourself as a business, and ensure that you always keep up to date with relevant announcements relating to landlords and buy to let properties.
Here's a quick list of ten things you can do as a landlord to make your life easier. Your tenants will thank you for it.
For more tips and other industry news be sure to check out the News section of this site here.
There are plenty of specific news sites out there, so take advantage of the free information. You should also keep an eye out for useful newsletters, guides and even social media pages to help keep you up to date.
Many landlords have property in different local authority boroughs to where they live, so ensure that you always keep up to date with local laws and regulations as there may be things that you need to do to keep yourself legal.
If you use one, then you should think about the letting agent you are using, the service they provide you, and whether or not they are charging you a reasonable price. If you pay your agent to carry out periodic inspections for you, don't be scared to contact your tenants directly and ask if these happen. It will reassure your tenants that you have their best interests at heart (even though inspections can be a pain), ensuring that you want to be kept up to date on any maintenance issues etc.
It is a legal requirement that letting agents be a member of a government approved letting agency redress scheme. You can find more information on this here Registering with a redress scheme as a property agent - GOV.UK (www.gov.uk). Before you choose an agent to manage your property for you make sure you check that they are registered
As mentioned in the previous point, if you choose to manage your property yourself, then you should carry out inspections. This is a very important task, and its importance shouldn't be underestimated.
Contact your tenants and schedule a suitable time with them at which you can visit and carry out the inspection. If you can schedule a full year's worth at the end of the previous year, you'll save yourself a job, and start the new year a little more organised!
When you do carry out your inspection, ensure that you take notes. You can use pen and paper, but its easier and safer to use a phone or tablet. Ensure that you don't forget or miss anything, you don't want to waste your tenants, or your own, time.
Make sure you deal with or at least agree to, any issues that the tenants are having, and at the same time keep a record of how the tenants are looking after your property.
Whilst visiting the tenants, check that you have their up-to-date contact details, and the same for your agent if you use one, and any other property contacts you use. If you change your details, be sure to let them know.
Are you doing everything that you should?
Have a look here: Renting out your property - GOV.UK (www.gov.uk) When starting a new tenancy, you should check this to make sure you are keeping within the law. There are also certain documents that you legally have to provide you tenants with. Make sure you do!
The minute that you are made aware of an issue with or something that needs fixing at the property, make plans to have a professional investigate. It could be something as big as a broken boiler, and it could be as simple as a blown fuse, but whatever it is, if the tenancy agreement holds you responsible, deal with it! Its not going to repair itself, and the problem could get worse. The sooner you deal with it the less money it will cost you in the long run.
If your tenants do send you an email or text, don't leave them waiting. Treat them as you would like to be treated and be courteous enough to let them know you have received it and are dealing with it. It creates trust and common ground.
You may well be a DIY expert, but it pays to have a professional or team of professionals who you trust, that you can call on in the event of an emergency. Using the same people can get you discounts or better rates, but still make sure that you do your research and shop around to compare prices.
Using professionals isn't just sensible to ensure the job is done to a good standard, its also wise because certain jobs can only be carried out by specifically qualified people, such as Gas Safe registered engineers.
Whoever you correspond with, be it the tenants, the managing agent or any of your professional tradespeople, we recommend that you communicate via email wherever possible.
Doing so ensures that you can keep track of all communication, and evidence sending and receipt of important information/ documents. There can be no disagreement about whether or not you sent or received something.
From potential...
to Profit
There will always be challenges as a landlord. But having your finances organised and your processes tried and tested will make it as stress free as possible.
Let's get started
Lodestone will be what is known as the 'controller' of the personal data you provide to us. We only collect basic personal data about you which does not include any special types of information or location-based information.
Why do you need my data and what will it be used for?
We need to know your basic personal data so we can make contact with you and respond to your message, request or query. All the personal data we process is processed by our staff in the UK.
Who is my data shared with?
Your data will only be shared with third parties if this is necessary to respond to your request. If this is the case, we will seek your permission before passing on your details.
How long do you keep my data for?
We may store your data for up to six years past the end of any business relationship, after which time it will be securely destroyed. If you would no longer like us to process your data at any time, you have the right to object to processing of your data. To do this, please contact info@lodestone.mortgage
What are my rights?
You have the right to object to the processing of your data. You also have the right to request access to your data at any time. You have the right to rectification and/or erasure of personal data or restriction of processing. If you wish to raise a concern related to how we have handled your personal data, you can contact us to have the matter investigated at info@lodestone.mortgage . If you are not satisfied with our response or believe we are processing your personal data not in accordance with the law, you can complain to the information commissioner's office: https://ico.org.uk
By selecting the box SEND, you acknowledge that you have read and understood the above privacy notice and consent to its terms.