These are an investment mortgage, for properties that are owned or purchased with the intention of renting them out.

 

The amount you can borrow usually depends on the rental income you expect to earn from tenants. There are some lenders that might consider other income in some circumstances. Typically, you’ll need a higher deposit amount for a buy-to-let mortgage typically 20-30%.

In addition, lenders require the property to be a ‘good risk’ for them. This means not only will they consider the potential rental income the property will yield, but they will also focus on the buildings condition.

 

At Your Expert Mortgages we source mortgages for both Individuals & Limited Companies