A buy-to-let mortgage is a mortgage sold specifically to people who buy property as an investment, rather than as a place to live. If you plan to rent out a new property, most lenders will prefer you not to finance your purchase with a standard residential mortgage.
Buy-to-let mortgages are powerful tools both for seasoned investors and for new landlords looking to take their first steps into the rental property market. Not everyone is entitled to take one out though: BTL mortgages are more expensive than typical mortgages, and require deposits of between 25% and 40%.
You may have seen a property you’d like to purchase and rent out, or you could have inherited a property that you want to keep, but not live in. No matter your experience, there’s a wide range of Buy to Let mortgages available.