Obtaining a mortgage for a buy-to-let (BTL) property can be complex, time-consuming and requires careful consideration to select the correct product. While there are several avenues for securing a BTL mortgage, enlisting the services of a specialist mortgage broker like Pinpoint Finance can prove invaluable. In this article, we will explore six compelling reasons why utilising Pinpoint Finance can significantly benefit you when seeking your next buy-to-let mortgage.
1. We Have Access to a Broad Range of Lenders: One of the most significant advantages of working with Pinpoint Finance is our access to a wide array of BTL lenders. Rather than being limited to a handful of options, we have access to over one hundred lenders, including specialist lenders not available directly to the public. This extensive network increases the likelihood of finding a mortgage product that suits your specific needs and preferences, saving you time and money.
2.Tailored Expert Advice: Navigating the intricacies of the BTL mortgage market can be challenging, especially for those unfamiliar with the process or with extensive portfolios. Pinpoint Finance specialises in this area, and the team possesses all the in-depth knowledge and expertise needed. By partnering with a specialist commercial mortgage broker, rather than just a standard mortgage broker, you can benefit from our commercial lending experience and our understanding of the market, so you receive personalised advice and guidance tailored to your unique circumstances. We will take the time to understand your goals and help you make informed decisions regarding interest rates, repayment options, and mortgage terms.
3.Time and Effort Savings: Sourcing a BTL mortgage involves researching, paperwork, and coordinating with various lenders. Engaging Pinpoint Finance will streamline this process, saving valuable time and effort. We will handle all the legwork, including gathering the necessary documentation, submitting applications, liaising with the underwriters and dealing with issues that may arise on your behalf. Our expertise ensures a smoother and more efficient journey, enabling you to focus on other aspects of your property investments.
4.Enhanced Chance of Approval: Obtaining a BTL mortgage is about finding the right lender and securing approval. Pinpoint Finance possesses comprehensive knowledge of lenders’ criteria and underwriting requirements. We can evaluate your financial situation and recommend suitable lenders, significantly increasing your chances of getting approved for a BTL mortgage. Furthermore, Pinpoint Finance will present your application in the best possible light, highlighting your strengths and mitigating potential weaknesses.
5.Cost Savings and Competitive Rates: Engaging Pinpoint Finance as your specialist mortgage broker does not necessarily mean incurring additional costs. Pinpoint Finance will often be remunerated through commissions paid by the lender, meaning our initial service fee is only £695. We have also invested in state-of-the-art software that uses sophisticated algorithms to scan the market and secure you the most competitive interest rates and favourable terms. This tech and our access to a wide range of lenders allow us to compare thousands of products, something you couldn’t do even if you had days! This specialism alone could save you thousands over the life of your mortgage.
In conclusion, when it comes to securing a buy-to-let mortgage, utilising the services of Pinpoint Finance can be a wise decision. The advantages we offer, such as access to a broad range of lenders, tailored expert advice, time and effort savings, enhanced approval chances, and cost savings, make the process smoother and more efficient. In addition, by harnessing our expertise and industry connections, you can confidently navigate the complexities of the BTL mortgage market, ultimately leading you to make the most suitable choice for your next property investment.