Buy To Let Mortgages
Buy To Let Mortgages
The buy to let property market is rapidly expanding as people take advantage of the souring house prices in the UK. Due to this expansion a number of lenders have developed bespoke products to meet the demands of customers wishing to purchase a second property as an investment tool to let out to tenants. Buy to let mortgages are available on all the standard, fixed, variable, discounted and tracker rates.
Mortgage solutions have a good knowledge of this market putting them in a prime position to offer advice and guidance. The rewards for such a venture can be high, however there is no guarantee of house prices continuing to rise at the current rate.
There are some key differences with buy to let mortgages:
- Deposits are usually larger, typically 15% – 20%
- Expected rental income to exceed mortgage payments by upwards of 125%
If you would like further information or to obtain a quote please contact our friendly team.
Most buy to let mortgages are not regulated by the Financial Services Authority.