Buy to let

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.

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.

The Financial Conduct Authority does not regulate some forms of Buy to Let mortgages

Want to know more?

Call us for a friendly chat on 01656 865495 or email: lexion@btconnect.com