Buy To Let

A buy-to-let mortgage is a type of loan you get when you want to buy a property to rent it out, not to live in yourself.

Here’s how it works in plain terms:

• You borrow money from a bank or lender to buy a house or flat.

• Instead of living in it, you rent it to tenants.

• The rent you get each month can help you pay off the mortgage and possibly make a profit.

Buy-to-let mortgages are different from regular ones because:

• You usually need a bigger deposit (often at least 25% of the property price).

• The amount you can borrow depends more on the expected rental income than your personal income.

• Interest rates might be higher than normal home loans.

They're mainly used by landlords or people investing in property to earn rental income and can be purchased in either Personal name or Limited Company name.

Rhys is a Buy To Let specialist having over 11 years experience in the industry, with a large portfolio of both new and experienced landlords.