Buy to Let
JAMortgage.co.uk
BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.
Your home maybe repossessed if you do not keep up repayments on your mortgage.
A Buy-to-let mortgage is an arrangement in which an investor borrows money to purchase property in the private rented sector in order to let it out to tenants. Buying to let can be a serious proposition for some people. Potential borrowers should understand that the letting of property is a complicated business and it is important to get appropriate advice.
You will generally need a deposit of 25% for a Buy to Let mortgage, and a number of lenders will insist on a certain minimum earned income amount – this is to give the lender peace of mind that you can maintain the mortgage payments even if the property is vacant.
Get in touch if you have any queries regarding a Buy to Let mortgage.