What is a buy to let mortgage?

Question asked by: mrquestion

Asked on: 05 Jan 2010

A buy to let mortgage is a particular product that is for those who wish to buy a house but are not going to live in it.

Instead they are going to rent it out, or let it, and hence the name of the product is a buy to let mortgage accordingly.

This is tailored to the situation as with many mortgages it is assumed that you are going to live in the house but with a buy to let one this is not the case so is suitable for landlords who are purchasing properties for their rental portfolio.
By: knowitall
Replied at: 05 Jan 2010
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