Compare Buy To Let Mortgage Rates
Compare best buy to let mortgage rates using our tables above or call our buy to let mortgage team on 0117 332 6063.
Buy to let mortgages work the same way as standard mortgages however there are some differences. when a lender comes to assessing affordability they will look at the income you will earn from the rent from the buy to let property. Rent cover typically needs to be at 125% of the monthly interest payable on the mortgage and many lenders will require the rent prospects to be independently verified.
With buy to let lenders will take a more cautious view and deposits required are generally higher e.g. 25% is often the minimum deposit required although lenders in the past have reduced this down to as much as 15% however you can expect to pay a lot more interest if your have a small deposit. In terms of how much you can borrow this will vary from lender to lender, and some lenders will put a limit on the number of buy to let properties you can mortgage.
Buy to let mortgage rates are changing all the time so use our tables to get the best deals or call our buy to let mortgage team today.
Compare buy to let best rates - use our mortgage tables below to see a selection of market leading buy to let mortgage rate deals - alternatively if you would like independent advice call our buy to let mortgage team on 0117 332 6063.