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Buy-to-Let

With Buy-to-Let mortgages, you should consider: -

  • A deposit of 15% is normally required.

  • Most mortgages are repaid on an Interest-Only basis as only the interest on repayments attracts tax relief. Additionally, most buy-to-let properties are sold before the end of the mortgage term.

  • Most lenders require rental cover of above 100% i.e. the rent most cover the mortgage repayments with an additional monthly surplus.

  • When calculating your budget, consider that you may have periods when you may not have a tenant? How will you make the ongoing mortgage repayments?

  • Buy-to-Let mortgages are not regulated by the Financial Services Authority (FSA).

 
 
   

Your home may be repossessed if you do not keep up repayments on your mortgage.


eMortgageAdvice.com Limited is authorised and regulated by the Financial Services Authority. eMortgageAdvice.com Limited is entered on the FSA register (www.fsa.gov.uk/register) under reference 477732.

The FSA do not regulate conveyancing and some forms of mortgage.

 

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