Buy-to-Let (BTL) Mortgage Calculator (Oct 2021)
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- UNLOCK - see how much tax-free cash you can release from your home.
- SAVE - can have a MASSIVE tax saving.
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Try Our Buy to Let Mortgage Calculator and Find Out What You Can Qualify For. This Could Be Your Opportunity to Unlock Cash From Your Home & Save on Tax
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The Buy-to-Let Calculator Explained
Life after retirement can be quite challenging, especially if you don’t have enough income to supplement your pension or maintain your lifestyle. By taking out a buy-to-let mortgage plan, you can easily purchase an estate and start living the life you’ve always wanted to live.
If you’ve always been looking forward to going to the Bahamas, the lifetime mortgage scheme can help you do so and so much more.
The estate market prices are on a high in Oct 2021. Therefore, more than 60% of retirees are looking to invest in the real estate market. Since it’s hard to acquire estates with your pension income or regular incomes, most retirees, those eligible for the equity release plans are opting to take out the buy-to-let mortgage.
The buy-to-let mortgage is a lifetime mortgage option that specifically designed for landlords and investors who are interested in owning a stake in rental properties. It allows you to develop your buy-to-let (BTL property portfolios, which, in turn, can ultimately benefit your tax and retirement planning.
Instead of selling your current buy-to-let estate to raise some surplus funds for retirement, thus possibly incurring capital gains tax, landlord and real estate investors are progressively using equity release2 to help attenuate their tax position.
When you take a tax-free lump sum from your BTL estate investment, the rental income is unaffected, and you can use the capital to invest in more estates or to upgrade your lifestyle. To figure out the amount you qualify for with the buy-to-let mortgage, you have to use the buy-to-let calculators.
With that, here’s a comprehensive guide to the buy-to-let lifetime mortgage calculator.
How to Use the Buy-to-Let Calculator
For you to get an idea of the maximum amount you can borrow with the but-to-let estate release in Oct 2021, you can use the BTL mortgage calculator and simply input:
- The value of your estate (which, according to the law, must be at least £70,000 and within the remits of the UK)
- The age of the youngest proprietor (which must be at least 55)
- Your postcode (to indicate your residence’s location)
You have to input this information since it’s the criterion that equity release plan providers use when they’re figuring out how much capital you can borrow.
Unlike other forms of residential mortgages available in Oct 2021, with the buy-to-let mortgage, you don’t have to input your current rental income since plan providers don’t consider that when they’re deciding how much they will lend you.
What’s A Buy-to-Let Mortgage Calculator?
Can You Get A Buy-to-Let Mortgage With 10% Deposit?
Buy-to-Let Calculator – How Much Can You Borrow?
What to Consider When Buying A Buy-to-Let Mortgage?
Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations.
Contributors: Nicola Date, Katherine Read
Reviewed by Francis Hui
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Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
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