If you are considering purchasing a property to let, or are investing for the longer term, then our Buy to Let mortgages could be right for you.
As well as competitive rates and customer service, we take into account both personal income and rental income in assessing the affordability of the mortgage.
There are three categories of Buy to Let mortgages, and you should consider which one fits your circumstances before reviewing our product range.
Unregulated Buy To Let – also known as Investment Property Loans, this is our most popular type of Buy To Let mortgage. They are available to landlords who are buying a property with the intention of renting out. As the name suggests these mortgages are not regulated by the Financial Conduct Authority.
Regulated Buy To Let – also known as Family Buy To Let. There is a fairly narrow definition for this type of buy to let, essentially this is a property that will be let to a family member (e.g. a child at University) or where up to 40% of the property is occupied by the owner with the remainder let.
Consumer Buy To Let –also known as an Accidental Landlord Buy To Let. This type applies to customers that inherit a property, or who are seeking to move house whilst also keeping and re-mortgaging their existing (e.g. Let to Buy) property.
Don’t worry, we will guide you through the application process to make sure that you are getting the right product type and understand the differences.