What is a buy-to-let (product) mortgage?
It is the purchase of a property that you intend to rent out to somebody else.
Who can get a buy-to-let mortgage?
You can get a BTL mortgage if you want to invest in houses or flats.
You earn £25,000+ a year. If you earn less than this, you might struggle to get a lender to approve your BTL mortgage.
Is a buy-to-let mortgage more expensive?
BTL mortgages are typically more expensive than residential mortgages. This is because lenders view tenants as a higher risk than owner-occupiers.
How much of a deposit would you require?
The minimum deposit for a BTL mortgage is usually 25% of the property value.