I want to purchase a property to let out

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Buy-to-let has in recent years, become an increasingly popular mortgage option for those wishing to invest in residential rental property.

Like a standard mortgage, landlords have a choice between interest only and repayment mortgages. However, buy-to-let mortgages differ in several important ways from standard mortgages.

A major difference is the criteria lenders apply when considering approving a loan. Buy-to-let mortgage lenders base their decisions on whether or not to approve a loan on the likely rental income from the property and not the applicants' income.

In order to secure finance, rental income is typically needed to be 125% of the mortgage repayment, although as little as 100% rental coverage is available.

To find out more about buy-to-let, and the mortgages available to you, contact us today and we will work through the options available to you.

Buy-to-let mortgages are NOT regulated by the Financial Services Authority.

If you need any more information, then simply speak to an expert today.

Butler Mortgages | 12 Maristow Street | Westbury | Wiltshire | BA13 3DN

* Our commercial loans are referred to a third party

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Butler Mortgages Ltd is an Appointed Representative of Mortgage Intelligence Ltd, which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

Registration number – 4637821
Registered office – Butler Mortgages Limited, 24 Warminster Road, Westbury, Wiltshire, BA13 3PE

We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent ombudsman. Our advice is covered under The Financial Ombudsman Service.