Buy-to-Let

 

What is a buy-to-let mortgage?

It is the purchase of a property that you intend to rent out to somebody else.

Who can get a buy-to-let mortgage?

You can get a BTL mortgage if you want to invest in houses or flats.

You earn £25,000+ a year. If you earn less than this, you might struggle to get a lender to approve your BTL mortgage.

Is a buy-to-let mortgage more expensive?

BTL mortgages are typically more expensive than residential mortgages. This is because lenders view tenants as a higher risk than owner-occupiers.

How much of a deposit would you require?

The minimum deposit for a BTL mortgage is usually 25% of the property value.