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Buy-to-Let in recent years has become an increasingly popular mortgage option for those wishing to invest in residential rental property.
Landlords have a choice between interest only and repayment mortgages. However, buy-to-let mortgages do differ in several important ways from standard mortgages.
A major difference is the criteria lenders apply when considering approving a loan.
Buy-to-let mortgage lenders base their decisions to approve a loan on the likely rental income from the property and not the applicants’ income.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE,
SOME BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY
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