A Buy-To-Let-Mortgage (BTL) is a specialist mortgage product designed for landlords, who wish to purchase an additional property to rent it out.
Our mortgages are designed for first time landlords, or those looking to further extend their property portfolio around the UK.
Who can get a buy to let mortgage?
Typically, Employed, UK residents aged 18 to 75 with at least a 25% deposit could look to obtain a Property to rent Mortgage.
The rules around Buy To Let Mortgages differ from those around regular residential mortgages, emphasising the rental income being at least 125% of the monthly mortgage payment.
See Gov info on paying tax on property here
If you’re investing in property with the intention to rent out a house or flat, you will need a Buy-To-Let Mortgage. For more information continue reading, or better still give us a call at Thomas and Co, we can get to know what you need, and then help you with expert advice and support you throughout the process.
Looking to get into property lettings?
Here at Thomas & Co we have helped hundreds of people secure Mortgages with our expert mortgage advice for property to let, which in turn, has helped them diversify and profit from buying and renting out a property.
Often house prices do outperform inflation in the long-term, so becoming a Landlord can prove a great investment for the future.
How much deposit do I need for a property to rent mortgage?
The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value.
How to Get a property to rent mortgage.
Thomas & Co are fully independent and as such, are able to give impartial and can give expert advice to all their customers. We will assess your needs and discuss your options for getting a property to rent Mortgage. Rest assured, we have always have the right products and expert advice for your property mortgage needs.