| Product type |
Buy To Let
|
| Pay Rate |
6.14% |
| APR |
7.4% |
| Expiry Period |
3 Years |
| Max LTV |
75% |
| ERC |
5% |
| Arrangement Fee |
£2500 |
Not the right mortgage for you? VIEW MORE
A Buy to Let mortgage allows the borrower to purchase a property with a view to letting to a tenant in order to receive a rental income. Credit assessments are based on rental income and/or net worth of the customer rather than on traditional affordability or income multiplier calculations.
The lending decision is based primarily, on the rental income available. Other earnings or investment income can sometimes be taken into account if rental income doesn't meet the monthly mortgage payments. A wide range of buy to let mortgage options is available, including fixed rate, discount, and variable rates. In most cases a deposit of around 15% is required. Specialist products and service for investors with a portfolio of properties are also available.
Buy to Let mortgages are not regulated mortgage contracts and so are not regulated by the Financial Services Authority.
To find out more about this type of mortgage call us on 0845 071 4414