Commercial Trust is one of the largest specialist brokers in the UK.
Each product has its own unique features and is suitable for different purposes. Between these three product types, we can assist in finding financial solutions for UK property investors.
Unlike in many other countries, much of the rented sector in the United Kingdom is funded by private individuals. These investors have access to specialist commercial loans called buy to let mortgages. A buy to let mortgage allows someone to buy a property to let out to a paying tenant.
Buy to let mortgages first came onto the market in the 1990s. Before this, landlords used business loans to fund acquisitions. This often entailed larger deposits and higher interest rates. In 1996, lenders began offering loans with similar costs and features to traditional mortgages.
This made a dramatic difference to the rental market. In the years since buy to let mortgages have gained tremendous popularity. Several firms, from small specialist lenders to large high-street banks provide buy to let finance. High-street lenders often do so under a different brand name, to
Most buy to let mortgages do not fall under Financial Conduct Authority (FCA) regulation, the aim of which is to protect consumers entering into financial contracts for products with which they may be unfamiliar.
The FCA sees buy to let investment as a business activity and expects that buy to let investors will generally have an understanding of the risks involved. It oversees consumer buy to let (CBTL) mortgages and regulated mortgage contracts only.
Types of landlord finance:
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