How does buy to let work?

A buy to let mortgage is a loan secured against a property which you own and intend to rent out to a tenant. You’re buying to rent it out, or in other words, you’re buying to let.


As with a normal residential mortgage, it’s your responsibility to meet the mortgage repayments each month. The big difference is that with a buy to let mortgage, how much you can borrow is based mainly on how much rent the property can earn, rather than your own income – we can tell you exactly what you can borrow. When you have a tenant paying rent, the rental income should cover the cost of the mortgage, ideally with some left over, but that’s not guaranteed.

Becoming a landlord is not for everyone, and there are multiple things to consider before getting a buy to let mortgage.


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