Did you see our latest video breaking down buy-to-let finance? Here is Karl outlining what it is and how it works. For more information about this product, visit our Buy-to-let finance page.
Here is a quick overview of the content:
Buy-to-let finance, known as BTL, refers to mortgages related to investment properties. which are bought to rent out They are controlled by the loan to values achievable from the single rent received on the unit. You are buying the property to let it out, and then you will receive a rent which will control the mortgage and meet the mortgage requirements to repay.
A buy-to-let mortgage is consent to let the property out from the mortgage company rather than you occupying the premises. Buy-to-let mortgages are always agreed on an investment basis. On a buy-to-let mortgage, you are not allowed to convert the property into something else. It is undertaken on a single let agreement with the lender, who is fully aware that from day one, you will receive a rental income on a single unit basis.