Month: June 2016

Buy-to-Let Mortgage Brokers

Buy-to-Let Mortgage Brokers

Mortgage
While lenders have to be registered using the Fsa to be able to advise clients on residential mortgages, no such rule are available for buy-to-let mortgages. It is because buy-to-let mortgages are considered as commercial loans and also the Fsa doesn't regulate this kind of finance. Regardless to the fact that a home loan broker need not be registered to recommend buy-to-let mortgages, if you're trying to get a buy-to-let mortgage you might find that the large financial company is registered using the Fsa anyway simply because they also broker residential mortgages. Due to the different rules, a home loan broker need not stick to the same approaches for buy-to-let mortgage applications because they provide for residential mortgages. The Fsa hasn't, up to now, issued some strict rules an...