buy to let

 

Buy to Let Mortgage Basics:

 

- Generally, you can borrow a maximum of 75% to 85% of the purchase price.

- Borrow up to 100% of the cost by using your existing home as security

- Interest only options available

 

Buy to Let Mortgage Criteria:

 

- Most lenders calculate what you can borrow based on rental income vs. your mortgage payment (this is stressed to allow for rate changes, periods when the property is vacant etc) and they will also take your own personal income into account too.

 

WARNING: The cost of your monthly payments may increase. If you do not keep up your repayments, you may lose your home.