Buy to Let Mortgages in Harlow
Buy to let mortgage advice for landlords in Harlow, Old Harlow, Church Langley and Sawbridgeworth.
Rental income explained
How lenders test the rent against the mortgage
Personal or company
The options explained for both
One property or many
Help for landlords at every stage
Harlow has a steady rental market, supported by local employers and fast rail links to London and Cambridge. Prices are lower than in the capital, which can mean a higher rent compared with the purchase price.
We explain how buy to let mortgages work, how lenders look at the rent and the property, and what to prepare.
Buy to let in Harlow
Harlow’s homes include New Town houses, flats and maisonettes, and newer homes in areas such as Church Langley. Lenders may have rules on properties of non-traditional construction, on flats above commercial premises and on the height of blocks, so it is wise to check a property’s suitability before you pay for a survey.
Many landlords in Harlow hold several properties, and some use a limited company. Buying through a company changes how lenders assess the rent and how the mortgage is arranged, and the tax position is different as well, so it is important to take advice from a qualified tax adviser. If you already own several buy to lets, lenders may look at the whole portfolio, and we can explain what that means for a new purchase.
How it works
Initial conversation
We talk about your plans, your income and any properties you already own.
Your options explained
We explain the mortgages that may suit you, and what we would recommend.
Agreement in principle
A lender gives an early indication of what it may lend. This can involve a credit check.
Application
We help you complete the application and provide the documents the lender needs.
Valuation, legal work and offer
The lender values the property and your solicitor carries out the legal work.
Completion
Funds are released and the purchase completes.
For the full guide, see our Buy to Let page.
Frequently asked questions
Will lenders lend on a flat above a shop in Harlow?
Some will, with their own conditions on the type of business below and the layout. Tell us the details and we can check which lenders might consider it.
Is it better to buy a Harlow rental in a limited company?
It depends on your circumstances, including tax, and it is a decision for you with a qualified tax adviser. We can explain how mortgages for companies work and what lenders ask for.
How much deposit do I need for buy to let?
It depends on the lender, but deposits are usually larger than for a residential mortgage. We will look at your position and what is likely to be available.
Can I buy through a limited company?
Many lenders offer mortgages to limited companies, often with different criteria. We can explain what is involved and which lenders may be suitable.
Important information
- 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.
- Rental income is not guaranteed, and tax treatment depends on your circumstances and may change. Please take advice from a qualified tax adviser.
The information on this page is general and is not advice. Advice depends on your personal circumstances.
Buy to Let in other areas
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