WHO IS A BUY TO LET MORTGAGE FOR?
A buy-to-let mortgage is ideal for those looking to purchase a property with the intention of renting it out. This could be for experienced landlords who are expanding their portfolio, or for first-time buyers who are just getting started. With the right buy-to-let mortgage, you can maximize your rental property investment and gain access to more opportunities.
HOW MUCH CAN I BORROW FOR A BUY TO LET?
The amount of money you can borrow for a buy-to-let mortgage is usually determined by the estimated rental income you will receive. Most lenders look for a rental income that is 20-30% higher than the mortgage payments.
BUY TO LET MORTGAGE INTEREST RATES
The interest rate you can expect to receive on your buy-to-let mortgage will be determined by a number of factors, including your credit history, the amount of the mortgage and the type of mortgage you choose (fixed-rate or variable). Typically, the better your credit rate the better the mortgage rates.
