What is a Consumer Buy to Let (CBTL) mortgage?
A CBTL mortgage contract is a buy-to-let mortgage contract which is not entered into by the borrower wholly or predominantly for the purposes of a business carried on, or intended to be carried on, by the borrower.
We can put you in touch with a specialist, independent, whole of market, regulated mortgage advisor (that was a mouthful right?!?!) that specialises in Consumer Buy to Let mortgages.
Getting a good mortgage deal for a CBTL mortgage should be straightforward right? Unfortunately, as you are probably finding, it‘s not that straight forward!
The good news is there are many mortgage lenders who are happy to help you and give you a good mortgage rate. Get a quote today by speaking to an advisor.
The expertise of a mortgage broker could be priceless when obtaining a good Buy to Let mortgage rate. The difference between a standard mortgage variable rate of 4% and a new mortgage deal of 2% is £103.99 per month* that’s £1,247.88 per year or £31,197 over 25 years!
Whatever your situation, give us a call or submit your details for a callback.
*Illustrative example based on a borrowing amount of £100,000, over a term of 25 years.