Different Types of Mortgages
Buy To Let
A buy-to-let mortgage is a type of mortgage loan that is specifically designed for individuals or investors who want to purchase a property with the intention of renting it out to tenants. It differs from a traditional residential mortgage as the property is not being purchased for personal use but for investment purposes. With a buy-to-let mortgage, the lender takes into consideration the potential rental income that the property can generate when determining the loan amount. The borrower is expected to use the rental income to cover the mortgage payments. Regulations change regularly on rental properties so you need a mortgage specialist who understands the ‘stress-tests’ lenders gauge your property portfolios against. Our experienced team has vast industry knowledge at your disposal. They know the lenders who will help you grow your portfolio and those who offer exclusive product rates. Start planning your portfolio with us – call our specialist BTL team today.