Buy-to-let (BTL) mortgages are for landlords who want to buy property to rent it out. The rules around buy-to-let mortgages are similar to those around regular mortgages, but there are some key differences:
Mortgages
- The fees tend to be much higher
- Interest rates are usually higher
- The minimum deposit is usually 25% of the purchase price of the property
- The maximum you can borrow is linked to the amount of rental income you expect to receive
- Most BTL lending is not regulated by the Financial Conduct Authority (FCA)
- Most BTL mortgages are interest-only. This means you only pay the interest each month, and not the capital amount. At the end of the mortgage term, you repay the original loan in full.
Most Buy-to-Let Mortgages are not regulated by the Financial Conduct Authority.
MProtect is a trading name of Katarina Herman who are an Appointed Representative of PRIMIS Mortgage Network, a trading name of Personal Touch Financial Services Ltd. Personal Touch Financial Services Ltd is authorised and regulated by the Financial Conduct Authority. Our mortgage advice fee is £350.
The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
Trading address – MProtect, 11 Moylena Meadow, Antrim, BT41 4AF