The definition of buy-to-let is a property investment where the buyer becomes a landlord and rents out the property. The motivation behind this could be to make a profit on the rental income received or to take advantage of the capital growth of the asset.
If the investor does not have sufficient funds to buy the property outright or wants to reserve some of the funds for another purpose, then the property can be bought with the help of a buy-to-let mortgage.
There are two types of buy-to-let mortgages. Business buy-to-let mortgages are for properties you purchase with the intention of renting them out to a third party. Consumer buy-to-let mortgages are for 'accidental landlords'. We can offer advice on both.
Just as with any type of investment, there are a number of factors to consider before taking the plunge. If you are buying a buy-to-let property our brokers will help you to make the right decision.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Not all buy-to-Let mortgages are regulated by The Financial Conduct Authority.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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