Buy to Let Mortgage Service

A Buy To Let Mortgage is a loan that enables you to buy a property in order to rent it out. With the rent you receive from the tenants, you will be able to pay off the mortgage on the property

Use our short mortgage enquiry form to speak with an FSA regulated advisor who can offer guidance and advice on Buy To Let mortgages.

Some things that as a buyer that you should be aware of with Buy to Let mortgages are:

• The lending criteria can be more restrictive with Buy to Let than with residential mortgages
  
  
• Buy to Lets are not generally available for more then 85% of the purchase price (loan to value)
  
  
• More often than not, you will be expect to have at least 20% of the purchase price as a deposit
  
  
• The rental income on the property you wish to purchase, usually has to exceed 1.3 times the interest in order to be taken into account.
  
  
• Some of the leading lenders use other criteria, but these tend to the "standard".

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