Yes, usually as long as you have a minimum of 20-25% deposit you could potential get an Interest-only Buy-to-let mortgage in Liverpool. An interest-only mortgage, is where your monthly repayments are purely interest and the capital is paid back at the end of your mortgage term. Interest-only mortgages are popular because the monthly payments are low, which will provide more rental income each month than an interest and repayment mortgage.

Although some lenders do prefer for applicants to own their main residence before applying for a buy-to-let mortgage, some other lenders do allow buy-to-let mortgage for first-time buyers depending on your age. If you're a first-time buyer wanting a buy-to-let mortgage, our Mortgage Advisors in Liverpool will be more than happy to help you.

For residential Mortgages, the minimum deposit when buying a house in Liverpool is typically 5% and between 20-25% for Buy-to-let Mortgages.

Usually, as an estimate the amount you can borrow is normally 4.5x your annual income. However, many Mortgage lenders have different affordability criteria and they will have to consider your expenditure to determine your overall affordability criteria. This is why our Mortgage Advisors in Liverpool, will require you to complete our Fact Find, so we are able to get you an Agreement in Principle to find out how much a lender is actually willing to lend to you.

Our first job as your Mortgage Broker in Liverpool, is to conduct our free telephone consultation, where we will have an initial chat and invite you to complete our Fact Find. This is to understand your personal and financial circumstances, so we can recommend the most suitable Mortgage Product. Upon completing the Fact Find, we will aim to obtain your agreement in principle within the same day. Following the AIP, we will submit the Mortgage Application processing all the paperwork on your behalf and we will be by your side until you complete.

At Cassidy Mortgages building a client relationship is very important us, so the purpose of our free Mortgage Consultation is to understand your current requirements and needs. Followed by a Fact Find to gain an insight about your financial situation. After we have all of the necessary information, your Mortgage Advisor in Liverpool will shop the Mortgage marketplace for the most suitable deal for you.

As a Mortgage Broker in Liverpool, Cassidy Mortgages will typically charge a fee of £300, which is payable at the Application stage when the application is submitted. However, as we provide a service of advising and getting you a Mortgage, our fee is NOT applicable if we are unable to get you a Mortgage.