Buy-To-Let

A Buy-to-Let mortgage is a mortgage designed for individuals or landlords who are purchasing a property with the intention of leasing it out on either a short or long term let.

A Buy-to-Let mortgage is essentially for people who want to invest in a property rather than live in it themselves. Buy-to-let mortgages differ from regular mortgages as:

• The fees tend to be higher because securing a Buy-To-Let mortgage is more complex than securing a regular mortgage
• The interest rates tend to be higher
• The deposit required is usually higher than that required for a regular mortgage – typically between 25% and 40% of the purchase price
• Many Buy-to-Let Mortgages are on an interest only basis. This means that the monthly payments are lower than on a repayment mortgage but you will be required to repay the loan in full at the end of the mortgage term
• The amount of money you can borrow will be linked to the amount of income the property can be expected to generate.

Please note that some forms of Buy-to-Let mortgages are not regulated by the FCA.

To find out more about Buy-to-Let Mortgages why not get in touch.

You can call Chris at our Brighton based office on 01273 870 302, mobile 07821 409589 or e-mail him chris@themortgage-house.co.uk or head to our contact page and fill out the contact form.

We look forward to hearing from you.