Buy to Let Mortgage
Buy-to-let (BTL) mortgages are for landlords who buy property to rent it out. The rules around buy-to-let mortgages are similar to those around regular mortgages, but there are some key differences.
What criteria do Buy-to-let lenders consider?
- Investing in houses or flats
- Whether you can afford to take the risk
- Do you have a good credit record?
- Are you stretched too much on your other borrowings?
How much do I need to be earning for a Buy-to-let mortgage?
You need to earn at least £25,000 a year, otherwise you might struggle to get a lender to approve your buy-to-let mortgage.