a loan that enables you to buy a property that you intend to rent out for income
a specialised mortgage specifically designed for individuals or businesses looking to buy a property for the purpose of letting it to tenants
a type of mortgage specifically designed for investors buying a property with the intention of letting it out
A mortgage designed for properties to be let to tenants.
The type of mortgage taken out when buying a property as an investment to rent.
A scheme designed to encourage private individuals to invest in property to let. A large number of mortgage lenders now participate by lending a competitive rates, taking into account the rental income likely to be achieved.
Buy-to-let mortgages are provided for property purchases or remortgages for investment in the private rental sector. Assessment of borrower affordability can be based on projected rental income and/or earnings, dependent on the lender's individual policy. Back to the Top
A special mortgage for a property that will be let to tenants.
This is a mortgage for property that will be let by the borrower to other tenants. When Lenders calculate how large a loan the borrower can afford to repay on BTL they do so primarily on the basis of projected rental income, rather than salary income multiples.
A specialist loan for those wishing to buy a property for the purpose of renting it. Loan amounts tend to be calculated as a percentage of predicted rental income. Interest rates are typically higher than standard mortgages and mortgage lenders tend to demand larger deposits.