Buy to Let Mortgages

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Buy to Let Mortgages

Mortgage providers' traditionally only offered loans for people buying homes. An increasing number are offering loans for a property you want to "buy to let", (ie not to live in as your home, but to rent/let out to tenants).

Getting income from the rent is seen as a good investment by some and is becoming more commonplace.

It's particularly popular for retirement planning because of the growing concerns about the inadequacies of traditional pensions. The old saying "There's nothing more solid than bricks and mortar" is more relevant than ever.

If you're interested in renting to students in a university town or to commuters in suburbia, the Council of Mortgage Lenders has two leaflets 'Buying to Let' and 'Thinking of Buying a Residential Property to Let' You can order them by phone on 020 7440 2255.

Basic rules for buy-to-let

Location location... Buy in the right area. You need to buy in an area where there is demand for rental property without an over supply.

Be careful about buying into big new developments - or near them

Check estate agents for volume of business and prices.

Beware seasonal markets – like universities where students leave during holidays

Is it safe? Is it near to services? Would you be happy for your daughter to walk home at night? Can you buy a newspaper easily?

There are agents that specialise in the buy-to-rent market – it may be worthwhile taking their advice.

Local knowledge eg from agents - or anyone you might know - is invaluable

There is a wealth of information on buying property to let. Just make sure if you're paying for it that it's been written by someone with direct experience in the field.

Read more about Rental and Investment Mortgages

To read more on this subject please see the list below or your mortgage guide or your home buying guide

Read enough? Just want a quote? To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below


Value of Property	£
		(eg 125000)

Borrow How Much?	£
		(eg 92500)

Your Mortgage Type

First time buyer?		Yes No
Have you found property?		Yes No
Country

Sorry ! The amount you want to borrow is less than £25,000. This is the minimum allowed for a mortgage. But don't worry ! You could get the money via a personal loan. I want a free no obligation loan quote Click OK No thanks. I will change my borrow amount to more than £25,000 Click Cancel

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Value of Property

£
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£
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