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Unlike a mortgage on your home, buy-to-let mortgages are for properties which are let out to tenants who will pay rent to you as the owner. In most cases, the amount you can borrow will depend on how much rent you expect to receive for the rental property.
The amount of rent you are paid each month will usually need to be more than your monthly mortgage interest or repayment amount. So if your rent is £1,000 per month, the amount of money you might be able to borrow could be based on your monthly interest or repayment being no more than around £800.
Buy-to-let mortgages are quite specialised, but if you are interested in becoming a property landlord then our best buy buy-to-let mortgage comparison provides you with a selection of the best deals on offer.
To understand how buy-to-let mortgages work, read on for the moneyfacts.co.uk guide to buy-to-let and buy-to-let mortgages.
While the potential for returns on a buy-to-let property are big, so are the risks… You should take time to fully consider the investment risks of buy-to-let.
Searching for buy to let mortgages but can't find the right one in our Best Buys? Don't worry, we can help. If you are looking to borrow from £50,000 up to 80% of your home's value – speak to an expert Mortgage Adviser.
We've partnered with a team of friendly and hugely experienced mortgage advisers who are on hand to help with your decision. Simply ‘Request a callback’ and someone will be in touch shortly.
Our Mortgage Advice panel is provided by Openwork Limited, Clarity Financial Solutions and Sensible Mortgage Solution.
Whether you require buy to let remortgages, second charge buy to let or even bad credit buy to let mortgage advice put us to the test.