I want to purchase a property to let out? - April 6, 2016

This mortgage is called a ‘buy to let’ mortgage, you are purchasing a property with the sole purpose of renting this out to a tenant. Generally, the deposit required for these mortgages are higher than a residential mortgage. In addition to this the buy to let lending is based on the rental income of the property, some lenders do still require a minimum employed income.

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