
Buy-to-Let Mortgages
Buy to Let Mortgages
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.
Some forms of Buy to Let Mortgages are not regulated by the Financial Conduct Authority.
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