| A buy to let mortgage is
used when an individual(s) is purchasing
a property that they intend to let their
property out to a third party.
Over the past number of years Buy to Let
mortgages have become more popular with
investors losing faith in the financial
markets and turning to property for a stronger
return.
Investors are required to pay a larger
deposit than they would on a residential
property with a minimum of 10% of the property
value (this is more often likely to be a
minimum of 15%). The amount of money a lender
will lend is often based on the income of
the property rather than the income of the
applicant(s), therefore it is possible to
obtain a buy to let mortgage even if you
are not employed or earning an income input
your details in the contact me section and
the adviser that deals in your area of the
country will contact you or simply complete
one of our quick and easy mortgage quote
request forms. |
