Your Guide to Finding the Right Mortgage
A buy to let mortgage is specifically designed for properties that are rented out to tenants, whereas a live-in mortgage is designed for properties that the owner will be living in.
The amount that you can borrow with a buy to let/live-in mortgage will depend on your individual circumstances and the lender's criteria, but it is typically based on the property's value and rental potential.
A rental cover requirement is a requirement set by lenders for buy to let mortgages, which specifies the minimum amount of rental income that must be generated to cover the mortgage payments.
Yes, it is possible to live in a property that has a buy to let mortgage, but you may need to obtain permission from your lender and your mortgage may need to be converted to a live-in mortgage.
Some risks of a buy to let/live-in mortgage include the possibility of void periods where the property is not rented out, the potential for rental income to decrease, and the possibility of interest rate increases.
Yes, it is possible to switch a buy to let mortgage to a live-in mortgage, but you may need to obtain permission from your lender and there may be fees involved.
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Buying a home can be a daunting task, especially if you're still getting familiar with the local mortgage market in Qatar. That's why we offer a wide range of mortgage services to guide you every step of the way, from pre-approval to closing.
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At the Pearl Gates, customers can choose from a range of mortgage deals tailored to their unique needs. Explore the different options with cater best to your needs!
What is the maximum loan amount I can obtain?
Mortgage calculators are online tools that can help you estimate your monthly mortgage payments based on factors such as the loan amount, interest rate, and repayment term.