What is a Buy to Let Mortgage?
A buy to let mortgage is very different from a residential mortgage. Itās designed for people who want to purchase property specifically to rent it out to tenants, rather than live in it themselves.
The way lenders calculate the amount they are prepared to lend is also very different. It depends mainly on rental income, although sometimes personal income can be taken into account.
BTL mortgages can be arranged by individuals or by a limited company.
Use this calculator to find out the maximum loan you could borrow based on rental amount.
Use our BTL max Mortgage calculator.
Donāt have a specific property in mind but want to know what rental you need to be looking at with a potential property, use this calculator. Use our BTL max Rent Calculator.
Thereās a lot to think about with BTL mortgages. But Where Can I Find a Mortgage has a wealth of experience on hand to help you through the process, find the best deals, and navigate lender criteria.
Contact us now for a free consultation:
E: info@wcifam.co.uk
T: 0141 889 1113
The Financial Conduct Authority does not regulate some aspects of buy to let mortgages.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
