Best Buy To Let Mortgages

If you have been thinking about purchasing a second property with the intention of letting it out, you will have also been considering the available funding options. The most common of which being the buy-to-let mortgage – a specialist facility for these types of investments.

For the most part, buy-to-let mortgages are very similar to conventional mortgages. There are, however, also several key differences that must be taken into account, including but not limited to the following:

Buy-to-let mortgage rates are often slightly higher
Overall borrowing costs can also be elevated
Most lenders request a minimum 25% down payment
Buy-to-let mortgages are often interest-only mortgages
Additional secured loan options may be available