Compare Barclays Buy to Let Mortgages
Barclays offer a buy to let mortgage package that includes a number of features such as:
- Option of borrowing solely on your own or with up to 4 others.
- A range of letting options.
- Borrow amounts range from £35,000 to £1 million per property
- Maximum of £5 million for unlimited properties.
- Term from 5-25 years
- Interest only/capital repayment options available.
- Transferrable mortgage rates if you purchase another buy to let property.
Barclays’ buy to let policy states that you must be earning an income of £20,000 per year to be eligible, as they need to be sure that you can pay back the loan they give to you.Renting out a property requires a lot of thought and there are many things that you will need to consider. Your buy to let mortgage should be no different. Think carefully about the type of mortgage you want and how much money you are willing to spend.