Buy To Let Mortgage

A Buy to Let mortgage is a gateway to property investment.   It allows the borrower [landlord] to purchase one or more houses to rent out to tenants.

A popular investment
Over recent years, Buy to Let mortgages have grown in popularity in the UK.  Although the recent slowdown in the mortgage market is having an effect in the Buy to Let market, there are still deals available.  It's even more important now to use a good broker who can source you the best deal for your circumstances.

The benefits of Buy to Let

• landlords could benefit from the increase in the value of the property
• mortgage payments and property maintenance can be covered by the rent, paid for by the tenant so there may be no additional cost to the landlord

The risks
Increasing interest rates and the slowdown of UK property prices have created a more uncertain market for investors.

There is no guarantee that it will be possible to arrange continuous letting of the property or that the rental income will be sufficient to meet the cost of the mortgage.

Certain legal responsibilities come with being a UK landlord so it’s important to be aware of these beforehand.

These risks need to be considered alongside the potential returns that can be made from property investing.

Where to find Buy to Let mortgages
Many UK lenders now offer Buy to Let mortgages.  A professional financial advisor can provide advice about the best deals on the market and the right route for you. 

Your property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.