A mortgage designed for people who buy a property with the intention of letting it out. It is similar to other mortgages, but the maximum loan-to-value (LTV) is usually lower. Other restrictions may also apply, such as minimum letting terms and rental income.
A term used to describe the purchase of a residential property for the sole purpose of letting the property to a tenant. Whilst the majority of lenders will not provide mortgage finance for this purpose a number do specialise in this niche area of the market. Back to the Top
Buying a property with the intent to rent it out rather than to live there. In the last few years this became an investment fad and has resulted in vast oversupply of properties for renting in some areas. Many observers believe more recent BTL owners may suffer badly when house prices drop.
The act of purchasing a property for the purpose of renting it out. Lenders mostly want to satisfy themselves that renting is well thought out and protected with legal rental agreements and that the anticipated rent is economic and realistic.
The practice of buying a house or flat for investment purposes. Income is provided by the tenants' rent, and capital growth (if any) by the property's increasing resale value.
A mortgage that is taken out by an applicant(s) when the property to be purchased will be rented out to a third party. ( )
A property that is purchased to be let out (rented) to a third party.
A property is purchased in order to let it out to tenants. This then guarantees an income for the purchaser.
Buying a property for the sole purpose of renting it out.
This term describes where a property is purchased for the purpose of letting it out to tenants, which will generate an income for the purchaser. A number of lenders will consider granting a mortgage for such a purchase.
This is a term used to describe a situation where a person purchases a property specifically to rent it out to a tenant.
Mortgage product offered for purchase of a property that will be rented to tenants. These types of mortgage have a lower Loan to Value or (L.T.V) than simple home purchase mortgages, expect to obtain 70%-85% Loan to Value depending on the mortgage lender
A mortgage used to buy property which is to be used solely for the purposes of renting out to a third party.
A type of mortgage taken out by people who want to become landlords. It's a way of investing in property and bringing in an income.
This is a mortgage designed for people who wish to purchase a property to rent out to others. The ability to repay this type of mortgage is often based on the projected rental income from the property as opposed to the personal income of the borrowers.
This where private individuals or companies wish to purchase or remortgage an additional property for letting purposes.
Thinking of buying a Buy-to-let property and want to read up on the subject? Click Below
When someone buys a property as an investment with intent to generate income from the rent.
A particular type of mortgage designed for borrowers who intend to let the purchased property as an investment. The sale of Buy to Let mortgages is not regulated by the Financial Services Authority, unless the borrower intends to let the property to members of their family.
Buying residential property to rent out privately.
A residential property bought to let out rather than to live in.
A type of mortgage taken out by people who want to build a let property portfolio.
A mortgage meant for those who wish to purchase a property to rent out to others. The decision on whether you are able to repay this type of mortgage is often based up on the future rental income from the property rather than the personal income of you the borrower.
The phrase buy-to-let can refer either to the investment strategy of buying a residential property to be let for profit; or to the a particular category of mortgage used to purchase a property for letting.
