What is the process of applying for mortgage?

Getting a mortgage sounds simple but it is very complicated for a lot of people. It is important to know what kind of mortgage is available to you and lenders requirements for those mortgage types. Lenders requirements are quite different for residential purchase and BTL purchase.  Buying a rental property can sound like a perfect way to ensure  investment and potential income after retirement. Although this can often be the case, there are still major dangers involved that you should take care of. If you are considering buy to let mortgages in London & Essex, it is crucial that you realise the distinction between a BTL mortgage and a residential mortgage and the different types of mortgages available to you.

Having all the details at your hands is one way to make a secure decision. That’s why mortgage brokers can guide on BTL mortgages and find the right mortgage for you.