Mortgage adviser in Fareham

If you're buying a property to rent out in Fareham or nearby, or remortgaging one you already let, I can help you look at buy to let mortgage options. Lenders usually look at the expected rent as well as your own income, and they often ask for a larger deposit than for a home you live in. Most buy to let mortgages are not regulated by the Financial Conduct Authority, so the protections can be different. Our first meeting is free and there's no obligation.

We work with landlords and people thinking about their first rental property across Fareham and nearby towns and villages. We can meet in person across the areas we cover, or by phone or video if that's easier.

What is a buy to let mortgage?

A buy to let mortgage is a mortgage on a property you plan to let to tenants, rather than live in as your main home. We help with buying a new rental property and with remortgaging one you already own.

How is it different from a residential mortgage?

With a home you live in, lenders mainly look at your income and outgoings. With buy to let, they also look at whether the expected rent is likely to cover the mortgage payments, using their own checks to allow for rates going up or the property standing empty. Lenders usually ask for a larger deposit than for a home you live in. Each lender sets its own rules, so what one accepts another may not.

What do lenders look at?

Most lenders will want to know about:

• the rent the property is expected to bring in
• your income and regular outgoings
• your credit history
• the type and condition of the property
• sometimes, whether you have let a property before

If you're self-employed or a company director, your income can still be considered with the right evidence, such as your accounts or contracts. Every lender makes its own decision, so we can't promise you'll be accepted.

Are buy to let mortgages regulated?

Most buy to let mortgages are not regulated by the Financial Conduct Authority. This means you may not have the same protections as you would with a residential mortgage. Some cases can be regulated, for example if you plan to let the property to a close family member, or you have a clear plan to live in it yourself later. We'll explain which type your case looks like and what that means for you.

Regulatory note: Most buy to let mortgages are not regulated by the Financial Conduct Authority. Your property may be repossessed if you do not keep up repayments on your mortgage.

Can you help with a buy to let remortgage?

Yes. If your fixed rate on a rental property is coming to an end, we can compare a new deal with your current lender, where they offer one, against moving to a different lender. Neither is always better, so we look at the costs and terms of each. You can read more about how this works on our remortgage and product transfers page.

What happens at our first meeting?

Our first meeting is free and there's no obligation. We talk through the property, the rent you expect, your income and what you want to achieve. We explain how we work and how we charge for mortgage advice. We don't give personal advice at this stage, and you're under no pressure to go ahead. See what to expect at your first meeting.

This is general information, not personal advice. What's right for you depends on your circumstances.

Your first meeting is free. Our fee for mortgage advice is £495, or £295 for a product transfer with your existing lender. It's charged when we start researching the market for you, and we'll confirm it in writing before we start. This fee is not refundable once research has started, and this is confirmed in your client agreement. Lenders usually pay us a commission, known as a procuration fee, when your mortgage completes, and we'll tell you the amount before you apply. Lenders may also charge their own fees.

We meet in person across Fareham and nearby areas, at your home or another place that suits you. Remote meetings by phone or video are available if that's easier. We work with buyers and homeowners across Fareham, Portchester, Hayling Island, Locks Heath, Whiteley, Gosport, Park Gate and Portsmouth. See all areas we cover. We don't have a high street office, so we arrange meetings that fit your diary.