What is buy to let?
Buy to let is an alternative if you’re willing to move out of your existing property to then secure a buy to let mortgage on that property instead of your existing residential mortgage. This can be costly and complex however.
Is there a buy to let calculator for landlords?
Home Mortgages Buy to Let Calculator Ideal for first-time and existing buy to let landlords, our buy to let calculator is designed to calculate expected rental yield. Expressed as a percentage, its crucial to know what return you can expect on your investment before you search and apply for a buy to let mortgage.
Can I use a let to buy mortgage to buy property?
If you have found a new home you want to buy but can’t wait to sell your existing property, let to buy is an option to speed up the process. If you are struggling to raise enough money for a deposit for your new property, you can take this mortgage type to free up equity held in your current property, and use it as a deposit on your new property.
Is it easy to get a buy-to-let mortgage?
Applying for a buy-to-let mortgage is not as easy as getting a standard residential mortgage. If you want to invest in property and become a landlord, but don’t enough capital to buy a property outright then you will need a buy-to-let mortgage.