How a Buy-to-Let mortgage is different

A Buy-to-Let mortgage is for people looking to buy a property to rent out, rather than live in. The rules around Buy-to-Let mortgages differ from those around regular residential mortgages.

  • Fees and interest rates on Buy-to-Let mortgages are usually higher
  • The minimum deposit for a Buy-to-Let mortgage is usually 25% of the property’s value
  • Most Buy-to-Let mortgages are interest only. This means you pay interest on the amount you borrow and repay the original loan in full at the end of the mortgage term

How can the mortgage advice service help

The mortgage advice service, provided by Grange Mortgage & Protection Services Ltd, can help you find the right mortgage for your circumstances.

  • Fee-free mortgage advice for the Police Family
  • Personal review from a mortgage advisor
  • Could save you time and effort
  • Access to some exclusive products not available on the High Street

Important things you need to know

PMGI Limited, trading as Police Mutual, has chosen Grange Mortgage & Protection Services Ltd to provide customers with a mortgage advice service. Grange Mortgage & Protection Services Ltd will provide you with independent mortgage advice and make a recommendation based on your circumstances and requirements. You will not receive advice or any recommendation from Police Mutual.

If you take out a mortgage recommended by Grange Mortgage & Protection Services Ltd, PMGI Limited will receive a fee for the introduction which is a percentage based on the loan amount. We may also earn an additional fee based on performance of our account. If you wish to know the fee we receive please contact Grange Mortgages.

Grange Mortgages & Protection Services Ltd, is an Appointed Representative of PRIMIS Mortgage Network, a trading name of Advance Mortgage Funding Ltd. Advanced Mortgage Funding Ltd is authorised and regulated by the Financial Conduct Authority.

MOST BUY-TO-LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Get in touch with Grange Mortgage & Protection Services