Rising property values and a booming lettings market has meant that many lenders have developed mortgage deals tailored to the needs of would-be landlords.

​​

​

What is a buy-to-let mortgage?

A buy-to-let mortgage is a loan for purchasing a residential property that is let to tenants rather than lived in by the borrower. 

​

The typical deposit required is likely to be around 25%, although better deals will be available to those who can put down as much as 40% of the purchase price.

 

Most buy-to-let mortgages are available on an interest only basis.

 

Lenders will consider the potential rental income the property will generate when deciding whether to grant the loan.

​

A Buy-to-Let mortgage will be secured against your property.

​​