Residential Mortgages

Making the decision to invest in a home is not one to be taken lightly. At Amram, we can guide you to make sure the borrowing is affordable and sustainable.

Residential Mortgages make up over 85% of all purchase mortgage lending (in £ value) and are therefore the mainstay of the property market.
They are highly regulated for customer protection
By understanding lenders criteria and calculators, Amram Advisers make sure you, as the borrower, have the means to afford the monthly payments.
At Amram, our advisers have access to the latest tools to assess affordability, as well as great relationships with lenders.
We have an excellent record of achieving success when faced with trying to fit a square peg into a round hole.

Re mortgaging

move your mortgage on your existing property

Gone are the days when one size fits all, at Amram Finance we understand that differing circumstances require a more bespoke tailor made fit. Our advisors have access to a vast pool of mortgage lenders allowing us to find the most competitive rates to suit your needs. When remortgaging your property even the smallest of adjustments can impact your monthly repayments, we want to make sure this is always in your favor.

Your Home May Be Repossessed If You Do Not Keep Up Repayments On Your Mortgage

Frequently Asked Questions

I AM A FIRST TIME LANDLORD. HOW IS THE PROCESS DIFFERENT FROM A RESIDENTIAL PURCHASE?

The main difference will be with regards to affordability. Instead of assessing affordability on your income, with a BTL mortgage the affordability is based upon the income generated by the property, ie. the rental that you are charging each month.

HOW IS AFFORDABILITY WORKED OUT?

The lender will want to see that the income generated by the property is enough to pay the mortgage and additional bills. They will also add a buffer on top of this to cover any period where the property may be empty, for example between tenants. This buffer is usually set at between 25% and 45% extra, depending on your own personal tax bracket

HOW MUCH WILL IT COST ME?

At Amram we charge £798 for a standard BTL mortgage, but you only pay half of this at the point of application with the rest being due when the offer comes in. That means that all our advice pre application it’s free.

DO I HAVE TO PAY ADDITIONAL STAMP DUTY?

If you already own a property then it is most likely that you will be required to pay the additional stamp duty for a second property. Although I revisers understand the rules for stamp duty it is your solicitor who will deal with that part of the transaction. Therefore they are the best people to advise in this area.

BUY IN PERSONAL NAME OR WITH A LTD COMPANY?

This will very much depend on your own personal circumstances, how many BTL properties you plan to own, and how technical you wish to get in terms of your tax affairs. Much like stamp duty, although we understand the pros and cons in a general sense, the best person to talk to regarding this decision will be your accountant.