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.
Where a residential property is purchased with the intention of letting it out to tenants. Capital - The amount of money that you owe, excluding costs and interest outstanding.
A mortgage for private landlords seeking to purchase property for letting to tenants