How does a buy-to-let mortgage work?
Buy-to-let mortgages are typically assessed more on the property's expected rental income than on your personal salary, using a lender's own rental cover calculation.
Deposit requirements are usually higher than for residential mortgages, often starting around 25%, though this varies by lender and by whether you're borrowing personally or through a limited company.
Most buy-to-let mortgages are not regulated by the Financial Conduct Authority in the same way as residential mortgages — we'll explain what that means for you.
Your home may be repossessed if you do not keep up repayments on your mortgage. Mortgage availability, eligibility and the mortgage options presented depend on individual circumstances and lender criteria.
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