Mortgage & Protection Guides

With a residential mortgage, your salary decides how much you can borrow. With a buy-to-let, it is mostly the rent. Lenders take the rent the property should earn, run it through a calculation called a rental stress test, and that produces the maximum loan. Two landlords buying the same house can be offered very different amounts, purely because of how they are taxed or which product they choose.

Setting up a company to buy property is easy to do and surprisingly easy to get wrong. The registration itself takes about an hour online, but the choices you make in that hour, such as the SIC code, who owns the shares and how the deposit gets into the company, decide which lenders will look at you later. Most of the problems we see with SPV mortgages started on the day the company was formed.

Most people who come to us about let to buy start from the same place. They have found somewhere they want to move to, they have equity in their current home, and something makes them reluctant to sell it. Sometimes that is the interest rate they are sitting on. Sometimes the chain has collapsed. Quite often it is simply that the house has been a good investment and letting it out feels smarter than cashing it in. At Drummonds Finance Group we arrange let to buy cases regular

Life does not always follow the plan you had when you bought your home. A new job in another city, moving in with a partner, working abroad for a couple of years, or a property that will not sell in the current market. Whatever the reason, a lot of homeowners find themselves asking the same question: can I rent my house out while it is still on a residential mortgage? The short answer is not without your lender's permission. The longer answer involves something called consent

Can a first-time buyer get a buy-to-let mortgage without owning a home? Learn how deposits, rental stress tests, income, limited companies, HMOs and Stamp Duty can affect your options.

Planning to invest in a House in Multiple Occupation in Oxford? Here’s what to expect and how to finance it properly. What will be...

If you are considering buying a rental property, one of the first decisions you face is whether to purchase it in your personal name or through a limited company. It is a question we get asked regularly at Drummonds Finance Group, and there is no universal right answer. What works well for one landlord can be the wrong structure for another. This guide explains the key differences from both a mortgage and a tax perspective so you can have a more informed conversation with you