Buy to Let

The Most Suitable Mortgage Advice

Buy To Let mortgages have seen an increase in popularity over the last decade with individuals looking to create additional income streams by investing into residential property.

If you want to buy a property with the specific intention of letting to create income and you need finance to achieve this: a Buy To Let mortgage is what you need. These mortgages work in the exactly the same way as residential mortgages with lending secured against the property over a set term. Lending can be undertaken on a capital and interest, interest only or a combination of both. This will maximise rental income by minimising the mortgage costs. Repayment of the mortgage, if done on an interest only basis, is then achieved by the sale of the rental property at some point in the future.

The minimum deposit for Buy To Let mortgages is typically 25% although some lenders do offer BTL products with a lower deposit subject to status.

Criteria does vary between lenders but two distinct lending camps have emerged over the last few years:

  • the majority of lender’s requiring a minimum income, typically £25,000 per annum from one applicant in order to apply
  • the minority not requiring a minimum income at all.
    • Mr S Philp. Torquay
      Very friendly and efficient; made the whole mortgage process easy.
      Mr S Philp. Torquay
    • David Jarman, Totnes
      Colin arranged a complex mortgage package involving more than one property where specialist knowledge of the market was essential. It came together in time and with minimum fuss. Colin went to great lengths to make the process and options clear to us. We would happily engage him again.
      David Jarman, Totnes
    • Mrs K, Huddersfield
      I approached Riviera Mortgages through a family recommendation. The advice and support I received was excellent throughout. My adviser was helpful, gave clear explanations and dealt with all matters promptly. I would recommend their service to anyone.
      Mrs K, Huddersfield
    • Mr Andrew Wise, Exeter
      Colin Tucker is an invaluable asset to this team. He has always given me expert advice on any matters I required assistance with. I would highly recommend this company to anyone seeking a friendly and helpful service. Colin provides a refreshing and unique approach to great customer service and his help has been very beneficial to me.
      Mr Andrew Wise, Exeter
    •  R A Hart, Paignton
      I have dealt with Colin Tucker of Riviera Mortgages for several years and have always found the service he has provided of a very high standard. The staff have always been friendly and welcoming and I would not hesitate in recommending them to friends and acquaintances in the future as I have done on several occasions in the past.
      R A Hart, Paignton
    • Christine Barnsley, Torquay
      Colin has always put our interests first by giving sound and trustworthy advice. The service and support has always been exceptional. I would not hesitate in recommending him to anyone. He has always put us at ease, has a very good customer manner and makes us very comfortable in his presence. He makes everything very clear to us so we understand. He service is excellent.
      Christine Barnsley, Torquay
    • Mr & Mrs Welfare, Torquay
      We have been using Riviera Mortgages for 7 years, having needed 4 mortgages during this time. Always we have been treated with respect and consideration in a friendly, yet professional, manner. We have always ended up with the right mortgage for us with their help. I have recommended them to several of my family and friends.
      Mr & Mrs Welfare, Torquay
    • Mr & Mrs G Barber, Torquay
      We were recommended to Riviera Mortgages and we were so glad we were. From the first contact we were given exceptional service, all calls were promptly returned and we were treated with courtesy at all times. The advice we received was in our best interests and they found the most appropriate product for us. We would not hesitate to recommend this excellent team.
      Mr & Mrs G Barber, Torquay
    • Mr P and Mrs E Herring, Torquay
      In our dealings with both Steve and Colin we have found their advice to be most helpful. We always feel that they listen to our needs then offer good, sound and trustworthy advice and, by putting our interests above all other considerations, we would not hesitate in recommending Riviera Mortgages to anyone.
      Mr P and Mrs E Herring, Torquay
    • Mr J Anderson, Paignton
      Riviera Mortgages were recommended to me by a friend. My financial situation was immediately understood. All options were clearly and patiently explained; I was put at ease. My concerns were answered in an open and friendly way such that the time was well spent. I accepted a Mortgage Offer thanks to Mr Colin Tucker who gave me exemplary help and I made a new friend in him too. I have already passed recommendations to others. Very pleased indeed!
      Mr J Anderson, Paignton
    • Mrs V, Totnes
      Colin gave us a first class service and very useful and professional advice when advancing on our mortgage. His efficiency was impeccable and we would definitely recommend him to anyone; a truly top class service.
      Mrs V, Totnes
    • Mr P, Newton Abbot
      Colin Tucker is my first port of call if I am seeking advice regarding my mortgage. Whilst he is able to provide sound, reliable advice, he has an excellent manner which enables him to explain complicated documents in plain English. Colin has the ability to provide solutions where other companies fail to do so ~ he comes highly recommended.
      Mr P, Newton Abbot