Buy to Let Mortgages

Buy-to-let mortgages are for landlords who want to buy property to rent it out. There are some differences to a residential mortgage -

  • The fees can be higher.

  • Interest rates can be higher.

  • For the majority lenders, the minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value.


Plan for times when there’s no rent coming in -

  • Don’t assume your property will always have tenants.

  • There will almost certainly be times when the property is unoccupied or rent isn’t paid and you’ll need to have a financial ‘cushion’ to meet your mortgage payments.

  • You may need to pay for major repair bills i.e. the boiler might break down, or there might be a blocked drain.


Some buy to let mortgages are not regulated by the Financial Conduct Authority.


Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

For more information please contact Abode Brokers Ltd on 07783 223556 or email info@abodebrokers.com and we will be happy to assist you.