There are many aspects to finance for buy to let landlords, including mortgage loans, remortgaging, development funding and specialist loans.
Here are just some of the terms used in property finance:
- Bridging finance - short term funding that is underwritten against the asset that is being used as security. Bridging companies will lend on everything from an individual residential property through to development sites and commercial buildings.
- Development finance - used to fund everything from a single house conversion through to large developments of over a hundred houses.
- Auction funding - Anyone buying property at auction needs to be able to have finance available quickly. It is very helpful – and reduces stress – if pre-arranged funding is in place.
- Portfolio finance - Landlords who own ten or more properties can set up a portfolio finance facility instead of individual buy to let mortgages. The portfolio finance facility is one loan secured against all of the properties in the portfolio.
- Healthcare funding - The provision of finance facilities for residential care and nursing homes in the form of commercial loans and mortgages is a sector that has grown considerably over the past 25 years.
- Hotel funding - A wide range of commercial and business loan facilities is available to fund properties such as public houses, hotels, restaurants and guest houses.
To get further information on Financial products please call 0844 8921 555. If you are calling outside the UK please dial 0044 1786 433 808.