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Buy to Let

What is a buy-to-let mortgage?

A buy-to-let mortgage is a type of loan specifically designed for individuals who want to purchase investment property to rent out to tenants, rather than to live in themselves. This type of mortgage is ideal for rental property investors and landlords seeking to enter the real estate market.

How do buy to let mortgages differ from residential mortgages?

  • Interest Rates: Buy-to-let mortgages typically have higher interest rates compared to residential mortgages.
  • Deposit Requirements: While residential mortgages may require a deposit as low as 5% of the property value, buy-to-let mortgages generally require a minimum deposit of 25%.
  • Borrowing Criteria: For standard residential mortgages, the borrowing amount is linked to your income. In contrast, with buy-to-let mortgages, lenders assess how much rent you can generate from the property.

 

* The FCA does not regulate some forms of buy to let mortgages

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