BUY TO LET
What is a buy to let mortgage?
If you are looking to buy a property with the sole intention of renting it out then you will need a buy to let mortgage. The main difference between this and a residential mortgage is that it is not your personal income that determines how much you can borrow but the rent that can be achieved by letting the property.
You will normally need at least a 20% deposit however ,most lenders will ask for 25%.
As part of Mortgage Advice Bureau one of the country’s largest mortgage networks, we have access to over 90 lenders and over 12,000 of products. Coupled with expert advisers, we have no doubt that we can find you the Best Buy To Let mortgage for you.
Whether you are are a new landlord or have a portfolio of properties, we can help.
Get in touch today and let one of our team help find the right mortgage for you.
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
Your property may be repossessed if you do not keep up repayments on your mortgage.