Property investors
We offer a wide range of services for all types of property investors
Property Investor Services
Buy To Let
If you’re buying a property to rent out, you’ll need a buy-to-let mortgage. It’s important to know how a buy to let mortgage works as they differ from conventional, residential mortgages. Unlike standard mortgages, these loans are based on expected rental income rather than just personal earnings.
There can be lots to navigate, and we are experts when it comes to Buy to Let! Whether you’re looking to start investing in property or already have a portfolio behind you, contact to us today to see how we can help you on your property investing journey.
Let to Buy
Let-to-buy mortgages can help you simultaneously buy your next house and let out your former home. The process actually involves having two mortgages – a residential mortgage on a property you’re moving to and a buy to let mortgage on your previous home, so you can rent it out.
If you want to convert your home to buy to let and move to a new home at the same time, let-to-buy smoothes out some of the potential mortgage issues.
For example, due to lenders’ criteria for both types of loan, it can be difficult to organise a buy-to-let mortgage for the property you’re currently living in, while simultaneously arranging a residential mortgage for your next home.
We have helped many people secure the appropriate finance for both the existing property and new property simultaneously allowing them to move onto a new home without selling their existing one.
HMO & Multi-unit block
Houses in Multiple Occupation (HMO’s) are popular amongst clients looking to maximise their rental returns from property. The Government’s definition of an HMO is:
“A property rented out by at least 3 people who are not from 1 ‘household’ (for example a family) but share facilities like the bathroom and kitchen.”
In many cases this type of property investment will require a licence from the local council as well as a change of usage from the planning department.
Multi-Unit Blocks (MUB) can also be a great way to maximise returns for property investors. Multiple tenants mean multiple income’s, reducing the risk of full vacancy. Add to that, it’s all on one mortgage application, and it’s a no brainer for lots of landlords.
There are things to consider, such as more upkeep with more units, planning restrictions & a more commercial style of mortgage for larger blocks.
As specialists in finance for property investors we can guide you through the myriad of assessment criteria from HMO lenders to ensure we get you the right lending first time.
Limited Company
The way profits from property are taxed have changed in recent years via “Section 24” which was announced in the 2015 Summer Budget. This has affected the profitability for some landlords who hold their investment properties in their personal name.
Many landlords are now looking to invest in property via a Limited Company structure as company structures currently fall outside of the Section 24 amendment to UK Tax Law.
We would always recommend speaking to a Tax Advisor to see what affect these changes have for you, but when it comes to Limited Company Mortgages contact us to see how we can help.
Portfolio Landlords
Since 2017, new regulations defined a Portfolio Landlord as a Landlord with 4 or more mortgaged buy to let properties. Under this regulation, lenders are now required to consider the wider costs associated with running a property portfolio and to assess the portfolio as a whole, not just the purchased/remortgaged property.
As experts in this area, we understand how lenders carry out their assessments. We can assist with documentation and templates to ensure your portfolio & circumstances can be clearly presented to lenders for assessment.
We love working with Portfolio Landlords, building long lasting relationships as we help them grow their property wealth. We always have an eye on the bigger picture, ensuring the widest pool of lenders are always available for future purchases or remortgages.
Bridging & Refurbishment
If you need to fund work carried out on a property, it can be hard to know what to look for. Should you apply for a bridging loan, refurbishment loan or a development loan? And what’s the difference?
Bridging loans can be used for a variety of reasons but usually when properties are unmortgageable or need to be purchased quickly, for example auction purchases.
Typically Refurbishment Finance is used to purchase an existing structure and then carrying out refurbishment or conversion works. The specialist lenders in this area will look to provide finance for both the purchase and refurbishment of the property, often up to 100% of the refurbishment costs!
Get in touch today so we can advise you on this specialist area of property finance.
Holiday Lets & Serviced Accommodation
Investing in holiday lets, short term lets or serviced accommodation can offer high rental yields, especially in Devon & Cornwall hot spots (and other holiday locations!) Mortgages for these type of investments are tailored for short-term lets and often assessed on projected seasonal income rather than long-term tenancy agreements.
With the rise in Air BnB, booking.com and others, criteria around these types of mortgages differ significantly from one to the next, and it’s important to have a broker who specializes in these type of loans.
Your home
Whilst we specialise in the investment side of mortgages, we understand your need for finance doesn’t necessarily stop at your investment properties! We are regulated by the FCA & can advise on residential mortgages.
So, whether you’re looking to purchase or remortgage, we understand the importance of having an expert broker to navigate the hurdles that can come with this type of finance too.
We’re just as well-versed in this, so contact us for any advice you need. One stop shop here!
Bridging finance can be daunting, especially if you’ve never used it before. We have written a complete step by step guide to bridging finance covering all aspects of this versatile financial product which can be downloaded here.
We’re trusted by our clients because we build relationships not just transactions. It’s the time we take in getting to know and understand our clients that means we keep getting recommended time and time again.
We nurture those relationships with homeowners and industry professionals to ensure we’re always offering the best advice for the task at hand.
don’t get caught out...
Sometimes a little rain must fall and we offer a full range of products to ensure you and your family are protected should the worst happen.
Our Clients
“David did an excellent job helping my wife and I with remortgages, the outcome was better than we had hoped for and we can thoroughly recommend his services.”
“David is trustworthy, efficient and has without a doubt the best knowledge in the market. We have been able to largely grow our portfolio with David’s help and would not use anyone else. David is recommended implicitly without hesitation”
“David is an amazing mortgage advisor!! He helped us get our first mortgage, and now he’s helped us renew. He’s made the entire process a stress free process. Would definitely recommend him!!”
Contact form
Three Sixty Mortgages Limited are registered in England and Wales no. 11388728. Registered office: Floor 1, Studio 5-11, Millbay Road, Plymouth, PL1 3LF.
Authorised and regulated by the Financial Conduct Authority. Three Sixty Mortgages Limited are entered on the Financial Services Register https://register.fca.org.uk/ under reference 813057.
Not all Buy to Let, Bridging, Refurbishment or Development Loans are regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate Tax Planning advice.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.
If you wish to register a complaint, please write to us at the address above, email us at [email protected] or call us on 01752 905360. A summary of our internal procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234 567.
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
© Copyright 2020 Three Sixty Mortgages. All rights reserved. Cookie Policy | Privacy Notice
Website design by LCG Design
