The following article attempts to explain buy to let mortgages. For further articles related to buy to let mortgages please see the links to the related buy to let mortgage articles listed below.
What Are Buy To Let Mortgages
A buy to let mortgage is a UK mortgage term applied to a specific type of loan designed for people who wish to purchase a residential property as an investment. Buy to let mortgages are mortgages provided to a person who does not intend to reside in the property but rather who intends to let the property: i.e. provide the property as a rental to tenants.
But to let mortgages in the UK have arisen due to mortgage lenders recognising an increasing trend/requirement for rental properties, and a subsequent rising trend in potential landlords wishing to capitalise upon it.
Buy to let mortgages for investment purposes offer differ in the terms, conditions and rates that residential mortgages often provide.