Buy to Let
See also:
Self Cert Mortgages
Remortgage
Equity Release
Credit Problems?
Buy to Let
There are many extra things to take into consideration when you are planning of buying a property to rent out.
You will need a deposit of at least 20% of the purchase price of the property.
The rental income will need to be higher than the mortgage payments – usually 130% of the monthly mortgage payment.
You will also need to consider the long term picture – maintenance costs etc.
And don’t forget that even if you don’t have anyone renting the property YOU will have to still pay the mortgage each month.
See our Buy to Let Guide on the extra info pages
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