Buy to Let Mortgages FAQ's

Back to home

UK Mortgage Lenders
Simply complete the form

We'll compare over 100 buy to let mortgage deals

No obligation

Are you looking to:

How much would you like to borrow?

Estimated value of your property?

Are you a first-time buyer?

 

Are you employed or can prove your income?

 

Do you have any CCJs?

 

Have you missed any payments in the last 7 years

   

About you


* indicates required data










FAQs - Buy-to-let Mortgages

What is a buy-to-let mortgage?
A buy-to-let mortgage is similar to a standard mortgage, except that the property is purchased as a source of rental income rather than a home. Buy-to-let mortgages have been a very popular form of investment in recent years.

Why are the terms of a buy-to-let mortgage different?
Because people applying for buy-to-let mortgages are investors - rather than home owners generating regular incomes - they represent a greater risk to lenders. This is reflected in slightly higher interest rates and stricter conditions.

How are the terms of a buy-to-let mortgage different?
Rather than assessing the incomes of applicants, buy-to-let mortgage lenders will look at the expected rental income of the property. Applications will be accepted where rental income is around 30% higher than the outgoing mortgage repayments and generates more than 8% of the value of the property each year.

How are the terms of a buy-to-let mortgage different?
Rather than assessing the incomes of applicants, buy-to-let mortgage lenders will look at the expected rental income of the property. Applications will be accepted where rental income is around 30% higher than the outgoing mortgage repayments and generates more than 8% of the value of the property each year.

Should I choose a repayment or an interest only mortgage?
As a buy-to-let mortgage is purely a form of investment, many people choose an interest only mortgage to reduce the cost of monthly instalments and improve cashflow. The advantage of a repayment mortgage is that, for a little extra each month, you own the property once the term of the mortgage expires.

The Mortgage Broker – Call us on 0800 822 3355

Other Useful Sites

The Mortgage Broker are specialists in Buy to Let Mortgages. Complete the form above and One of our qualified FSA Regulated mortgage brokers will compare to find you the best deal.

For Quotes & Advice on Buy to Let Mortgages deals complete our comparison enquiry form.

Compare Bad Credit Mortgages

Bookmark this page:

BlinkList del.icio.us Digg it Furl reddit Yahoo MyWeb Google Netscape StumbleUpon ma.gnolia Spurl Rawsugar Netvouz Facebook

Valid CSS! Valid XHTML 1.0 Strict