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UK Mortgage Lenders

 

Buy-to-Let

With Buy-to-Let mortgages, you should consider: -

  • A deposit of 15% is normally required.

  • Most mortgages are repaid on an Interest-Only basis as only the interest on repayments attracts tax relief. Additionally, most buy-to-let properties are sold before the end of the mortgage term.

  • Most lenders require rental cover of above 100% i.e. the rent most cover the mortgage repayments with an additional monthly surplus.

  • When calculating your budget, consider that you may have periods when you may not have a tenant? How will you make the ongoing mortgage repayments?

  • Buy-to-Let mortgages are not regulated by the Financial Services Authority (FSA).

 

  





 

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Your home may be repossessed if you do not keep up repayments on your mortgage.


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The FSA do not regulate conveyancing and some forms of mortgage.

 
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