Buy to let mortgages in Chelmsford

Buy To Let Mortgages

Whether you be an experienced landlord with a portfolio of properties, or simply starting out with the goal of purchasing your first buy-to-let, we are here to help you secure the very best deal available.

It does not matter if you are buying as an individual or under a Limited Company, we can tell you what deposit you will need and what monthly rental is required to qualify for the best products on the market and ensure your investment runs as efficiently as possible.

Buying additional property for the purpose of letting it to earn rental income can be risky and complicated since there is no guarantee that house prices will rise nor that rental income will be uninterrupted.

That said, letting a second property to tenants could return respectable financial rewards over the longer term, but it’s important to properly consider the risks, as well as rewards, involved in ‘Buy to Let’ first.

When buying a rental property, you will need to decide whether your investment objective is income or capital growth. Are you looking to cover the monthly costs and perhaps make a profit to supplement your income? Or, are you looking to make a profit later upon the sale of the property, with the assumption your property’s value will increase in value over time? The decision may affect the type of property you purchase, its location, and also the risk involved since there is no guarantee that property prices will rise.

As well as mortgage costs, potential landlords should carefully consider the costs of owning the rental property itself. These additional costs may include:

Property Maintenance. The upkeep of the property itself, such as repairs to appliances, and redecoration that may be required before a property can be let to new tenants.

Letting Agent fees. Though it varies, letting agents normally charge around 10% of the monthly rental income for managing tenants. If you need full management of your property, it is not unusual for these costs to be much higher, typically around 15% of monthly rent.

Ground Rent/Service Charges.  These costs only apply to leasehold properties.

Legal insurance. Say for example in the event of non-payment of rent, anti-social behaviour or damage to the property. Legal insurance can be used to cover costs involved in pursuing eviction.

Buildings /Contents Insurance. The property will need buildings insurance, and any furnishings provided as part of the rental agreement will also need to be insured with a suitable contents insurance policy.

Furnishings. If the property is to be let as furnished then you’ll need to consider the initial cost of providing the items needed to furnish the property.

Appliance Safety and Inspection. Certain appliances will need to be regularly inspected and serviced to ensure they are safe to use and compliant with current regulations. Examples include Gas Boilers and Gas Fires.

When choosing a letting agent to act on your behalf, it is wise to choose one that is a member of The Association of Residential Letting Agents (ARLA). All members of the ARLA participate in a bonding scheme to protect both rental income and tenants’ deposits.

You can visit the ARLA website at Please note: when visiting this site you will moving to a website not regulated by the Financial Conduct Authority (FCA). We give no endorsement and accept no responsibility for the accuracy or content of any sites linked to from this site for further information on becoming a private landlord.

Commercial buy to lets are not regulated by the Financial Conduct Authority (FCA).

Most buy to let mortgages are not regulated by the Financial Conduct Authority (FCA).


This article (Buy to Let Mortgages) is intended to provide a general appreciation of the topic and it is not advice.