BUY TO LET
If you're looking to start or expand an investment portfolio it makes sense to understand all of your options
Your home may be repossessed if you do not keep up repayment on your mortgage
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An Introduction to Buy to Let Mortgages
A buy to let property is a property investment of which you rent out the property for profit. A buy to let mortgage would be secured against a property of this sort.
A buy to let mortgage is assessed differently in comparison to a residential mortgage. It is mostly based on the profitability of the property i.e. how much rent can be generated from it, unlike a residential mortgage which depends on your own financial circumstances.
You will need to provide a slightly higher deposit amount for a buy to let mortgage which usually would be 20% of the value of the property. A minimum salary of around £20,000 also applies, depending on the mortgage lender.
Your home may be repossessed if you do not keep up repayment on your mortgage.
The Financial Conduct Authority does not regulate buy to let mortgages.
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Your home may be repossessed if you do not keep up repayment on your mortgage
Call us for buy to let advice:
Can't chat now?
Your guide to buy to let mortgages
A buy to let property is a property investment of which you rent out the property for profit. For information on the buy to let market, please read our guide
The buy to let mortgage market is a specialised one. In April 2014 the mortgage industry implemented the changes that came from the Financial Conduct Authority’s Mortgage. Read our guide for more
You may want to let out your existing property when you move home. When choosing a property to let, your main considerations are different to those you might apply when choosing a house in which to live.
Your guide to buy to let mortgages
What is a buy to let property?
A buy to let property is a property investment of which you rent out the property for profit. For information on the buy to let market, please read our guides.
What are buy to let mortgages?
The buy-to-let mortgage market is a specialised one. In April 2014 the mortgage industry implemented the changes that came from the Financial Conduct Authority’s Mortgage. Read our guides for more.
Thinking about renting out your current home?
You may want to let out your existing property when you move home. When choosing a property to let, your main considerations are different to those you might apply when choosing a house in which to live.
First Time Buyer
Looking to buy your first home? The first step in getting a mortgage would be to sit down with us and discuss your circumstances and what type of mortgage you are looking for. There are several types of mortgages, each suiting different people’s circumstances.
Your home may be repossessed if you do not keep up repayment on your mortgage
Moving Home
Are you looking to move home? Whether you're looking to upsize or downsize your property, it's important that you get the correct advice. Speak to Mortgage Wise today to discuss your options.
Your home may be repossessed if you do not keep up repayment on your mortgage
Remortgage your home
You may want to remortgage for a variety of reasons including securing a lower interest rate, consolidating debt or raising capital for home improvements.
Your home may be repossessed if you do not keep up repayment on your mortgage
First Time Buyer
Looking to buy your first home? The first step in getting a mortgage would be to sit down with us and discuss your circumstances and what type of mortgage you are looking for. There are several types of mortgages, each suiting different people’s circumstances.
Your home may be repossessed if you do not keep up repayment on your mortgage
Moving Home
Are you looking to move home? Whether you're looking to upsize or downsize your property, it's important that you get the correct advice. Speak to Mortgage Wise today to discuss your options.
Your home may be repossessed if you do not keep up repayment on your mortgage
Remortgage your home
You may want to remortgage for a variety of reasons including securing a lower interest rate, consolidating debt or raising capital for home improvements.
Your home may be repossessed if you do not keep up repayment on your mortgage
Buy to let mortgage
A buy to let property is a property investment of which you rent out the property for profit. A buy to let mortgage would be secured against a property of this sort.
The Financial Conduct Authority does not regulate Buy to Let mortgages.
Your home may be repossessed if you do not keep up repayment on your mortgage