Buy to let mortgages

Property can be one of the most profitable long-term investments available. Buying to let can supply you with a regular income in the form of rent and a large asset with the potential to increase in value. However not many people can afford to go around buying properties to let. That is until the Buy-to-Let mortgage came into existence.

Using your rental income to pay a buy to let mortgage
With a buy to let mortgage you can use the income received from rent to pay the mortgage repayments. Once you have paid the mortgage in full you are left with full ownership of a property. You can then continue to receive rental income or you could sell up and receive a large cash lump sum. The mortgage payment will still need to be made even if no rental income is received.

The difference between a regular mortgage and a buy to let mortgage
A buy to let mortgage is similar to a regular homeowners mortgage but there are some differences.

Always remember lending money is based on risk assessment. A lender will consider all the risks involved in lending you money.

The advantage of a buy to let mortgage is that the mortgage lender will consider your rental income when calculating your ability to repay the loan. So you may be able to borrow more money based on the fact that your income will increase after you have secured the mortgage. This means that your potential rental income will be a factor in the lenders risk assessment.

Many lenders now offer specialist buy to let mortgages with fixed interest rates.

Buying to let is not an easy road to success, it can take a lot of planning and effort to make it work. Taking professional mortgage advice will ensure you get the most suitable mortgage deal for your circumstances.

Buy to Let Mortgages are generally not regulated by the Financial Services Authority.

The Mortgage Helpline (UK) Ltd is an appointed representative of Home Of Choice Ltd which is authorised and regulated by the Financial Services Authority. Commercial Mortgages and some Buy to Let mortgages are not regulated by the Financial Services Authority. Your home may be repossessed if you do not keep up repayments on your mortgage.