Buy to let Mortgage Leads | Buy Buy to Let Leads
A buy-to-let mortgage refers to the purchase of a property specifically to let out. Unlike mortgages for properties that you will live in yourself, a buy-to-let mortgage is for properties that are rented to tenants who will pay the owner.
A buy-to-let mortgage is generally secured against the property to be let and in some cases a second charge may be imposed on the borrower’s main residence.
The amount one can borrow is decided by a number of factors but ultimately depends on how much rent a borrower anticipates from the rented property.
The general idea is that the rent paid by the tenants will cover the mortgage fees and repayments. It also acts as an investment as the property could grow in value.
Lenders approach buy-to-let mortgages in different ways. Some lenders will require the projected rental income to be a much higher percentage than the mortgage payment but this varies by provider. This is often done to allow the increased amount to cover the costs during periods when there are no tenants in the property as well as maintenance.
FinanceLeadsOnline.co.uk receives high levels of buy-to-let mortgage leads generated by parent company BeatThatQuote.com which are then available for brokers to purchase.
Brokers have two options to purchase buy-to-let mortgage leads - a fixed price or a bidding system. The fixed price system enables brokers to pre-determine the volume of buy-to-let mortgage leads they require and the price they are willing to pay for those leads.
Alternatively, brokers can use a bidding system to specify the maximum they are willing to pay for a Buy to Let mortgage lead according to the postcode area, providing the potential to pay less subject to other bids for the same leads.
FinanceLeadsOnline frequently releases data via its news pages informing brokers of which regions are generating high volumes of buy-to-let mortgage leads.
Leads for buy-to-let mortgages are delivered in real-time and brokers receive lead exclusivity.
The service provided by FinanceLeadsOnline.co.uk suits our requirements perfectly, good quality leads and a very fair and quick returns policy. It is good to know that there is an honest marketing company that only wants paying for what it produces - no empty promises here. Pleasant staff and a user friendly system make life easier with FinanceLeadsOnline.co.uk.
Dave Blakesley
Phoenix Wills
