Buy to Let

There are a wide range of Buy to Let products available, including fixed rates, discounted rates and trackers. Most lenders will require between 10% - 15% as a deposit and will expect the rental income to cover between 100% - 130% of the monthly mortgage payments.

It is important that you talk to an accountant or tax advisor if you are considering taking a Buy to Let mortgage. You may be liable for Capital Gains Tax when you come to sell the property and you will have to pay income tax on the rental income you receive, however, there are allowances that you can offset against income tax.

Despite the regulations and complexities of being a landlord many people consider a Buy to Let property as an alternative investment vehicle.

Buy to Let mortgages are not regulated by the Financial Services Authority except where more than 40% of the property is occupied by yourself or your immediate family.