Buy to Let

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Our Benefits

At Omica Mortgages, Buy to Let mortgages are our speciality. We understand that if you are new to this kind of financial product it can seem complicated, expensive, and overwhelming. That is why we want to help you reap the benefits of a buy to let mortgage without any of the downsides.

Lower Repayments

you will find that the majority of buy to let mortgages are repayable on an interest-only basis. That means you only pay back the interest. Don’t worry if it sounds counterproductive initially as it will actually give you greater financial flexibility and freedom. You will be able to benefit from a much higher monthly rental income.

Capital Gain

The majority of mortgages last around 25 to 30 years on average. Though we can’t guarantee that the value of your property will increase, basing it on historical figures housing prices tend to increase more than they fall. This essentially means that you will be able to pay off the full loan by the end of the term and if you don’t want to extend the deal you will gain a profit from selling the property at a higher price than you bought it for.

Rental Income is the Focus

Whether you can secure a buy to let mortgage is based almost completely on the rental income you could potentially gain from the property, rather than whether you are financially able to pay the mortgage right now based on your salary. For more information about how we can help you with securing the right Buy to Let mortgage, contact us today. Not all Buy to Let mortgages are regulated by the Financial Conduct Authority.

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