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How Much Can I Borrow?
The Ocean mortgage calculator allows you to look at different scenarios by giving examples of what your monthly payments would be on both a capital repayment mortgage and an interest only mortgage.
You could also change the mortgage term. By extending the length of your mortgage you can reduce your monthly repayments but it is important to remember you may be paying back more over the term of the mortgage.
If you enquire online for a buy to let mortgage or remortgage we can provide you with a no obligation free quote.
It is important to remember that the figures are only a guide.
There will be a broker fee for arranging your buy to let mortgage. The average broker fee is 2.9% of the amount advanced. The fee can be added to your mortgage. For purchase buy to let mortgages legal & valuation fees may also be charged.
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Think carefully before securing other debts against your property.
Your property may be repossessed if you do not keep up repayments on your mortgage.