Buying A Property to Rent (Buy to Let)

This can be a popular mortgage option for those wishing to invest in residential rental property. Although the perception is that buy to let mortgages are expensive, this isn’t necessarily correct. There are many lenders who offer competitive rates, which in many cases are generally similar to the rates offered on a standard mortgage.

Landlords also have a choice between interest only and repayment mortgages. Buy to let mortgages do differ in several ways from standard mortgages. When lenders are considering approving a buy to let loan, they generally base their decision on the likely rental income from the property and not necessarily the applicants’ income. A prospective landlord needs to be aware that the rental income typically needed is 125% of the mortgage repayment, although this can vary and go up to 130%.

With our expertise in this market, we can help you find the most suitable product to suit your requirements. With our extensive access to hundreds of mortgages and our knowledge of lender’s requirements, we can find you the most suitable buy-to-let mortgage.

Evergreen Mortgage Services do not advise or recommended the purchase of Buy to Let properties as investments, please be aware that the value of property can go down as well as up.

Some Buy to Let mortgages are NOT regulated by the Financial Conduct Authority.

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