Buy To Lets

A buy-to-let mortgage (also known as an investment mortgage) is designed for borrowers who want to let their property out to a third party (i.e. tenants).

More and more people are investing in property as a long-term opportunity to make profitable returns, and as a way of securing finance for their retirement.


There are now plenty of competitive buy to let mortgage and remortgage offers available, which are specifically aimed at the buy-to-let market, ranging from special offer buy to let mortgage options to fixed and variable rate options.


In addition, mortgage lenders will often assess buy-to-let mortgages on the earning potential of the property (i.e. the rental income) as well as normal income.


When you take out a buy-to-let mortgage, you will be expected to meet certain criteria:


  • You will be required to put down a deposit, typically larger than for a standard residential mortgage - often a minimum of 25% of the property's value.

  • Your expected rental income must exceed your mortgage repayments by a certain percentage - for example, your lender may require a rental income of  up to 130% of your monthly mortgage payments.

  • Your lender will also require a valuation of the property to be undertaken. 

Your property may be repossessed if you do not keep up repayments on your 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.

Express Finance Corporation Ltd is authorised and regulated by the Financial Conduct Authority, Registered Office: Moorgate House, 7 Station Road West, Oxted, Surrey, RH8 9EE. Registered in England and Wales No. 5312271

Express Finance Corporation Ltd

62 College Road, Maidstone, Kent, ME15 6SJ.

© 2016 Express Finance Corporation Ltd      

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