Buy-to-let mortgages for landlords who want to buy property to rent out.
Buy-to-let mortgages are powerful tools both for seasoned investors and for new landlords looking to take their first steps into the rental property market.
Most borrowers take out an interest-only mortgage for their chosen property. They then only pay the interest on the loan as it accrues every month, generally from the proceeds of the rent they collect. The capital debt – the full amount of the mortgage – is paid at the end of an agreed term. Repayment mortgages are also available, and are becoming a popular alternative.
Landlords seek out cheaper properties, but BTL mortgages cost more – both in higher interest rates and larger deposits – as borrowers are more of a risk to lenders than owner-occupiers.
We offer a whole of market experience to help find you the right package to start or expand you housing portfolio.
