Whether you are becoming a landlord for the first time or looking to grow your portfolio, you will need a buy to let mortgage instead of a standard residential mortgage. A buy to let mortgage is designed for those purchasing a property to rent it out to tenants.

How Are Buy to Let Mortgages Different from Residential Mortgages?

Interest rates are typically higher for buy to let mortgages than for residential ones.

While you may need as little as a 5% deposit for a residential mortgage, a buy to let mortgage usually requires a deposit of at least 25%.

Instead of assessing your borrowing amount based on your income, lenders will predominantly consider the rental income that the property can generate.

We can help you find a tailored buy to let solution that is right for your situation.

Call our expert team today to learn more.