Buy to Let Mortgages

Invest wisely with buy-to-let mortgages. Maximize returns on rental properties effortlessly

What are Buy to Let Mortgages?

A buy-to-let mortgage is a type of mortgage designed for individuals who want to purchase residential properties with the intention of renting them out to tenants. The primary purpose of buy-to-let mortgages is to help people invest in real estate and generate rental income.
buy to let main image

Here's how they work...

Eligibility

Buy-to-let mortgages are typically available to individuals who want to invest in residential properties for rental purposes. Lenders consider factors like your income, the potential rental income from the property, and your credit history when determining eligibility.

Purchase of Property

With a buy-to-let mortgage, you purchase a property specifically for the purpose of renting it out. This is different from a standard residential mortgage, which is used to buy a property for personal use.

Rental Income

The income generated from renting the property to tenants is used to cover the mortgage repayments and other expenses associated with the property, such as maintenance, property management, and insurance.

Higher Interest Rates

Buy-to-let mortgages often come with higher interest rates compared to standard residential mortgages, reflecting the increased risk associated with rental properties.

Loan-to-Value Ratio (LTV)

Lenders may require a higher deposit, typically around 20% to 25% of the property's value, as the loan-to-value ratio for buy-to-let mortgages is lower than for standard mortgages.

Regulations

There are regulations and tax implications associated with buy-to-let properties, including income tax on rental income and stamp duty.

Helping with your buy to let mortgage every step of the way

Buy-to-let mortgages are a popular choice for investors looking to enter the property market and generate rental income. However, they require careful financial planning and consideration of the potential risks and rewards, as well as adherence to relevant regulations and tax obligations.
Why our customers recommend GoMortgage
Take a look at our Google reviews
amazon referral

Refer a Friend

When your referred friend’s mortgage is successfully completed, you’ll be rewarded with either a £50 Love2Shop or Amazon voucher as a token of our appreciation.