Buy to Let

Buy to let mortgages are specifically designed for people who want to purchase a property with the intention of renting it out to tenants. It's like being both a homeowner and a landlord!

With a buy to let mortgage, the lender takes into account the potential rental income from the property when determining the loan amount. This type of mortgage usually requires a higher deposit compared to a residential mortgage. It's important to carefully consider the rental market and potential returns on investment before diving into buy to let.

When applying for a buy to let mortgage, lenders will assess your ability to cover the mortgage payments based on the rental income you expect to receive. They may also consider your own income and financial circumstances. It's a good idea to consult with a mortgage professional who specialises in buy to let mortgages to help you navigate the process.

Remember, being a landlord comes with responsibilities such as maintaining the property, finding tenants, and complying with legal obligations. It's essential to research the local rental market, understand landlord regulations, and budget for potential expenses.

Buy to let mortgages can be a great way to generate income and build a property portfolio, but it's crucial to do your due diligence and seek professional advice. Here at Horizon Mortgage Solutions we are proud to offer such advice.

Your property may be repossessed if you do not keep up repayments on your mortgage. Not all Buy to Let Mortgages are regulated by The Financial Conduct Authority.

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