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Buy To Let Mortgages

Our expert mortgage advisers share their knowledge on how to get Buy to Let mortgages, find out more info about BTL mortgages here.

Buy to let mortgages are not regulated by the Financial Conduct Authority (FCA).

A loan that one or more persons receive in order to buy a house or other residential property in which they will let out to tenants. The loan is secured by a lien on the property; the borrowers (lnd lords) repay it over a specified period of time.                                              

These types of mortgages are designed for property investors and private landlords, who do not intend to live in the purchased property. Buying additional property for the purpose of letting it to earn rental income can be risky and complicated since there is no guarantee that house prices will rise nor that rental income will be uninterrupted. That said, letting a second property to tenants could return respectable financial rewards over the longer term, but it’s important to properly consider the risks, as well as rewards, involved in ‘Buy to Let’ property investment.

Usually, a minimum of 25% of the property’s value is required as deposit, which is often higher than the deposit required for other types of mortgage.