Buy To Let
Apart from the purpose of the mortgage, the main difference with a buy to let mortgage is that the lender takes into account the rent you will earn from the property as the primary source of income. Typically lenders will want prospective rental income, verified by independent sources, to meet at least 125% of the monthly interest payment on the loan. They may also take into account the landlord's personal income.
Looking ahead, demand for the rental sector is likely to remain and potentially grow, but finding the best buy to let mortgage has become more complex.
Our expert advisers will help find the best deal for you to maximise profits, and help plan your portfolio by understanding your strategy both now and in the future.
If you are planning your first buy to let project then read our buy to let tips and advice.
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.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Most buy to let mortgages are not regulated by the Financial Services Authority.
