Buy To Let
The application for a Buy-to-Let mortgage is similar to a residential mortgage application, but with a few differences. These differences include the amount you could borrow and how much deposit you will need.
What is a buy-to-let mortgage?
A buy-to-let mortgage (BTL) is a mortgage specifically for people who want to buy a property, whether a house or a flat, to rent out to tenants.
How much can you borrow?
How much you can borrow will depend on your deposit, personal circumstances and rental income.
What deposit do I need for a buy-to-let mortgage?
Most lenders will require you to put down a larger deposit for a buy-to-let mortgage. This is usually around 25% and 40% of the property’s value.
Do I need to pay Stamp Duty on a buy-to-let mortgage?
The rules regarding Stamp Duty for a buy-to-let property are different for people buying a property to let them out, with landlords paying a little more.
Search for your Buy To Let Mortgage today
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.