Buy to let mortgages are offered by many lenders, who have different lending criteria. Getting a dal with a low deposit can be challenging - currently most lenders require at leaset a 25% deposit although some will consider up to 15% but will have strict criteria for making money available att his level.
Here is a list of things that you might wish to consider while looking for a buy to let mortgage deal which requires a relatively low deposit:
- Whether you want a fixed rate or tracker mortgage
- The property’s location and features
- How much income you would be able to generate from renting the property to tenants
- Other expenses you will have, such as agency fees, insurance, maintenance of the property, and so on