Imagine Finance
Buy-To-Let Remortgage
Don’t just dream of a better deal – find one with Imagine Finance
There may be a few reasons why you are considering a remortgage for your buy-to-let property.
If you’re making an income by letting out one or more properties, it could make sense to reduce your costs by switching to another deal that offers lower interest rates.
If you are simply looking to expand your portfolio, remortgaging can also be a good way to raise the cash for another rental property.
Or you could use the capital raised from a buy-to-let remortgage to pay for improvements to the property with the aim of increasing its value.
Whatever your circumstances, Imagine Finance can help you to get the best terms on your Buy-to-Let Remortgage.
Frequently Asked Questions
What is a buy-to-let remortgage?
A buy-to-let remortgage is when you get a new mortgage on a property that you already own and rent out to tenants.
Like regular buy-to-let mortgages, a buy-to-let remortgage will have higher interest rates than a residential mortgage.
This means it’s essential to shop around for the best deal as it could ultimately save you money.
How can I get a buy-to-let Remortgage?
Firstly, it’s wise to plan ahead – aim to start the remortgage process 6 months before your current term is due to end if possible.
Next, work out your Loan to Value (LTV) figure – this is the value of your property, divided by the amount you want to borrow, and expressed as a percentage. The lower your LTV, the better the deal you will be able to get.
Then let us do the work – contact Imagine Finance and we’ll shop around for the best buy-to-let remortgage deals available.
What should I consider before applying for a buy-to-let remortgage?
A buy-to-let remortgage could be a wise business decision, but it’s important to consider all the details.
If you have come to the end of your initial mortgage term, it’s likely the lender’s Standard Variable Rate (SVR) will now be higher than the rate you were previously paying.
So, why wait to make the switch? Reducing the interest rate payable on your buy-to-let mortgage could save you hundreds each month.
Remember if you switch your mortgage before the end of the agreed term, there could be extra fees to pay such as an early repayment charge.
What other fees might I have to pay?
How will you support me through the process?
Here at Imagine Finance, we guarantee to compare the market to find you the best deal for your circumstances.
We’re also here to advise on all aspects of remortgaging your buy-to-let property.
More importantly, we do not charge any upfront fees and you can get exclusive access to mortgage products unavailable anywhere else.
Chat with one of our experts today and start turning your dreams into reality.
Mr Wells
