WHAT IS A BUY TO LET MORTGAGE - The definition of a buy to let property (sometimes referred to as 'buy to rent' or 'BTL') is a type of property investment, in which the investor becomes a landlord and rents out the property hopefully for profit. A buy to let mortgage is a loan secured against one of these properties.
There are many changes in this market, with lender rules changing along with landlord responsibilities and tax. It is vital you seek advice to ensure you are fully aware of what is involved.
A fee of £250 is payable upon successful completion of your mortgage. This fee is for the advising and arranging of your mortgage. We will also be paid commission from the provider. The amount of commission we will receive will be disclosed on any personalised illustration we provide to you.YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE