Buy to Let: investing with confidence
What lenders look for and what to consider before you buy a rental property.
Whether you’re buying your first rental property or adding to a portfolio, understanding how Buy to Let lending works helps you plan with confidence.
What lenders look at
Lenders usually consider the expected rent as well as your own circumstances, and many require a larger deposit than for a residential mortgage.
Know your costs
Factor in letting and management fees, maintenance, insurance, periods without a tenant and tax. It’s worth speaking to an accountant about how your income will be taxed.
Plan for the long term
Think about how you’ll manage the property and what you’ll do when your mortgage deal ends.
Most Buy to Let mortgages are not regulated by the Financial Conduct Authority.
Your property may be repossessed if you do not keep up repayments on your mortgage.
