A buy to let mortgage for a first time buyer or first time landlord need not be a worry.
There is a huge variety of lenders available on the Acorn.finance panel and our expert advisors are on hand guide you to the right mortgage product.
Even first time buyers are able to borrow up to 85% of the property value (subject to income checks) and with the current Stamp Duty Land Tax holiday now could be the perfect time to get started in property investment.
As your property portfolio grows it's normal to look to more commercial buy to let mortgage providers. Many lenders have limiting restrictions in terms of the number of properties or the total loan.
Through Acorn.finance you'll have access to specialist investment portfolio mortgage lenders who will extend your borrowing potential, which will allow you space to grow with more properties and potentially reduce the mortgage deposit you'd have to pay by remortgaging your existing property portfolio.
Following the changes to personal tax alowances around buy to let interest, many property investors have switched to using a Special Purpose Vehicle (SPV) company to house their portfolio.
As a specialist in buy to let mortgages Acorn.finance have a wide selection of corporate buy to let mortgages (or business buy to let mortgages) to fit every investor, from a single unit to a large portfolio.
There's a common misconception that all lenders require 6 months after a purchase before a property can be refinanced.
This is not correct, there are lenders on the Acorn.finance panel who will reimburse the costs of the refurbishment or just lend against the full value of the property.
Commercial property is also an option as part of your buy to let portfolio and Acorn.finance are able to assist with buy to let mortgages for commercial investment property as well as residential investments.
Your Acorn.finance advisor can also arrange funding for a more complex property - semi-commercial, mixed use property, properties with unusual construction methods or properties with shorter leases.
Looking at your existing portfolio we can also reduce your mortgage deposit by combining properties into a single portfolio mortgage.
We call it F.U.N.D.E.D. It’s a 6 step process, which is unique to Acorn.finance.
Facts – Before we start it’s important for all the business facts, financials and background to be available.
Understanding – Only by understanding you and your business will the solution be the best for your growth plan.
Needs – By fully understanding your plans we’ll work with funders who will meet your needs both now and for the future.
Discuss – Working with our panel of the best funders in the market we’ll work through your case with them to ensure they understand your needs in detail.
Execute – By using Acorn.finance to arrange your funding you save hours of time spent on calls and applications. We work with the finance company to streamline every finance case.
Deliver – We work hard with the lender and all the professionals involved to ensure you get the business finance you need, when you need it.
It works from when you are first introduced to your Acorn.finance consultant.
They will take the time to understand your experience, needs and opportunities before working with our leading panel of lenders to finance your business or property needs.
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