Buy to let mortgages

A buy to let mortgage is a loan secured on a property for the purpose of renting for investment. Most buy to let mortgages are not regulated by the Financial Services Authority.

You are generally required to place a minimum deposit of 10%-15% on the property.

Lenders will offer varying rates of interest (usually higher than a standard residential mortgage).

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