Buy to let mortgages do differ in several ways from standard mortgages. When lenders are considering approving a buy to let loan, they generally base their decision on the likely rental income from the property and not necessarily the applicants’ income. A prospective landlord needs to be aware that the rental income needs to fully cover the mortgage repayment and a percentage above this. This will vary lender to lender and there are some that are over 130%.
With our expertise in this market, we can help you find the best product to suit your requirements. With our extensive access to thousands of mortgages and our knowledge of lender’s criteria, we can find you the right buy-to-let mortgage.