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Mission Statement
david@dqml.co.uk


Looking to Become a Landlord?


Choose the best mortgage solution for you with valuable fixed-rate loans from our business in Haddington, East Lothian. Let us take the weight off your shoulders with our buy-to-let mortgages, which are only suitable for investment properties.We will recommend the best solution for you from buy-to-let mortgages accross the wide range of lenders including from lenders who offer mortgages only through mortgage brokers.



Woman with Files in Hand

Buy-to-Let

When it comes to regular domestic home loans, there are many products on the market ranging from special offer deals to fixed- and variable-rate loans. With a buy-to-let mortgage, some lenders only consider your rental income, and others place more emphasis on your normal earnings, especially when you only have one or two rental properties. To find out more about buy-to-let mortgages, click here.

Requirements

Your expected rental income must exceed your mortgage repayments by a certain percentage. Your mortgage lender may require a rental income of between 100% and 130% with the most common percentage being 125% at this time. Your lender will also want to establish whether the property you are buying is a good long-term investment, and buy-to-let mortgages are subject to the usual status checks. Generally buy-to-let mortgages are available for between 5 and 45 years and for up to 80% of the property value.

Additional Costs

When considering a buy-to-let mortgage, it is necessary to think about additional costs such as letting agent's commission, insurance premiums for building and contents cover, and rental and legal expenses. You should also consider the costs of keeping the property in a suitable condition for letting, service charges, and ground rents when the property is leasehold. Additionally, not all forms of mortgage are regulated by the Financial Conduct Authority.

Contact us for simple and easy fixed-rate loans to help you with your finance planning.

Double Quick Mortgages Ltd. Registered office 9 Ainslie Place Edinburgh EH3 6AT. Company registration number SC250994. Registered in Scotland. Double Quick Mortgages Ltd is an Appointed Representative of Mortgage Next Network which is authorised and regulated by the Financial Conduct Authority under number 300866 in respect of mortgage, insurance and consumer credit mediation activities only.There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £395 on average, this fee will be payable on completion.


Your home may be repossessed if you do not keep up repayments on your mortgage.