I want to purchase a property to let out

Buy-to-let has in recent years, become an increasingly popular mortgage option for those wishing to invest in residential rental property.

Like a standard mortgage, landlords have a choice between interest only and repayment mortgages. However, buy-to-let mortgages differ in several important ways from standard mortgages.

A major difference is the criteria lenders apply when considering approving a loan. Buy-to-let mortgage lenders base their decisions on whether or not to approve a loan on the likely rental income from the property and not the applicants’ income.

In order to secure finance, rental income is typically needed to be in the range of 125% – 145% of the mortgage repayment.

To find out more about buy-to-let, and the mortgages available to you, contact us today and we will work through the options available to you.

Some Buy-to-let mortgages are NOT regulated by the Financial Services Authority.

If you need any more information, then simply speak to an expert today.