Buy to Let

Buy To Let Mortgages are a mortgage specifically designed for individuals who want to purchase a property to rent out to tenants.

Types of Buy to Let Mortgages

• Interest Only

  The most common type of Buy to Let Mortgage, the landlord only pays back the interest on the mortgage and pays the balance off either buy selling the property or refinancing. Usually lower monthly payments

• Repayment

  The landlord will pay off the interest and the balance of the mortgage over the term of the agreement. at the end the landlord will have some or all of the balance paid off, owning more equity within the property. This type Mortgage usually incurs higher monthly payments