A buy to let mortgage is designed for people who want to buy a property to let out. With having access to a range of mortgages, we can find the right deal for your circumstances and can also source deals for:
- Student Lets
- House of Multiple Occupancy
- Buy To Let Portfolios
The deposit you will be required to put down for buy to let mortgage will be typically larger than a standard residential mortgage. The borrower will usually be required to put down at least 25% deposit and normally expected to own their own property.
How Much Can I Borrow?
For buy to let mortgages lenders usually calculate how much you can borrow based on the potential rental income from the property instead of your annual earned income. The expected rental income usually must exceed 125% of your monthly mortgage payments.We can obtain an accurate borrowing figure based on investment property.
Like any investment, buy to let comes with no guarantees, but can be more reassuring for those who have more faith in bricks and mortar than the stock market.
Most buy to let mortgages are not regulated by the Financial Conduct Authority.