Buy to Let
Whether you’re becoming a landlord for the first time or looking to expand an existing portfolio, you will need to take out a Buy to Let mortgage rather than a standard residential mortgage. A Buy to Let mortgage is specifically for people who are buying a property to rent out. A buy-to-let mortgage is comparable in most ways to a residential mortgage. However, there are some differences. Firstly, the interest rate is typically higher and you will also need a larger deposit on a buy-to-let mortgage – a minimum of 25% is usual.