The rules around buy-to-let :-

Mortgages are similar to those around regular mortgages, but there are some key differences.

Unlike residential mortgages, the amount you are able to borrow on a BTL mortgage is mainly based on the rental income that the property can achieve. Lenders will calculate and stress test this amount differently so it can be helpful to work with a broker to see which BTL mortgages are actually available to you.

BTL mortgages can be more expensive than residential mortgages and usually require a 25% deposit, although some lenders do offer products with less deposit. We work closely with you to ensure you are aware of the costs associated with a buy to let property and the mortgage options available to you.