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Buy to Let · Speed & Process

The Buy to Let 100.
Speed & Process

Focus: Timelines, applications, and legal process.

7+Questions
100%Expert Answers
FCARegulated
Bridge to Let mortgage
TL;DR In complex scenarios it's important to consider a bridge to let mortgage, refurbishment bridging or a bridge to term buy to let mortgage.
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Electrical safety standards
TL;DR The latest electrical safety standards have been overlooked by some landlords. Read this guide for help ensuring you avoid the fines.
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Energy Performance Certificate rating Guidance
TL;DR Energy Performance Certificate ratings can be hard to understand. This short guide can help you understand the rules, exemptions and penalties.
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85% LTV bridging loan
TL;DR Find out about 85% LTV bridging loans. How does it work, waht does it cost, what are the requirements and if its available to you?
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Tax Changes for Landlords
TL;DR With changes to tax rules for landlords, this guide can help you understand the ins and outs. Contact Promise Money for more help.
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Regulatory protection for consumers and Buy to Lets
TL;DR Is you mortgage Regulated or not? This guide can help you understand the difference. Contact Promise Money today.
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How much can I borrow?
TL;DR How to best prepare your application to borrow the ideal secured loan amounts. Learn the factors which make a difference in our Video Guide
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Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status. We may receive commissions that will vary depending on the lender, product, or other permissable factors. The nature of any commission will be confirmed to you before you proceed.

More than 50% of borrowers receive offers better than our representative examples

The %APR rate you will be offered is dependent on your personal circumstances.

Mortgages and Remortgages

Representative example

Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66

Secured / Second Charge Loans

Representative example

Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20

Unsecured Loans

Representative example

Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774
Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG

Authorised and regulated by the Financial Conduct Authority – Number 681423
The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages

Website www.promisemoney.co.uk