What are buy to let mortgages?
These mortgages allow landlords borrow money in order to buy properties for rental. They work like standard mortgages, but unlike standard mortgages lenders take the potential income from rental into account when assessing how much will be lent.
Usually, buy to let mortgages interest only, meaning that repayments do not go towards the loan at the end of the mortgage. You will need to take this into account.
Due to higher risks a larger deposit will be needed for a buy to let compared with a standard mortgage. Usually interest rates are higher, larger deposits are needed and criteria for lending are now tighter since the credit crunch, with for example, requirement for a larger excess of rent over mortgage payments.
Buy to let mortgage rates
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Severnside Mortgages Buy to Let mortgages sourced from the whole market including access to those lenders not available direct to the public.
Halifax Mortgages A range of buy to let mortgage deals designed to meet individual circumstances. Thei mortgage experts are happy to explain how the buy to let mortgage works.
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NatWest Mortgages Real choice, including fixed rate and base rate tracker. Buy-to-let mortgages from Natwest
Mortgage Trust Ltd One of the UK's leading providers of residential buy to let mortgages to landlords offering outstanding customer service.
| Updated 10.2.11
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