buy to let

A buy-to-let mortgage is designed for borrowers who want to let their property out to a third party (i.e. tenants).

Although there is no guarantee that it will be possible to arrange continuous letting of the property, nor that the rental income will be sufficient to meet the cost of the mortgage, more and more people are investing in property as a long-term opportunity to make profitable returns, and as a way of securing finance for their retirement.

There are now plenty of competitive mortgage deals around that are specifically aimed at the buy-to-let market, ranging from special offer mortgage deals to fixed and variable rate options.

Not all buy to let mortgages are regulated by the Financial Services Authority