This is where you are buying a property to rent out to a tenant. Buy to lets are a great way of building up a property investment portfolio and it is a good way of generating extra income long and short term. Most lenders will usually ask for a 15 percent deposit on a buy to let property, however in certain circumstances a lower deposit can be used. The way a lender calculates how much you can borrow is in two ways, firstly by the purchasers own income or, more usually, by the rental income achieved. Sometimes you can have a combination of both.

The Inland Revenue view buy to let income as a business and accept that buy to let investments are a business like any other and the profits and capital can be used or withdrawn as you see fit.

Owners of buy to let properties who are looking to perhaps expand their property portfolio have the ability to remortgage and release equity from their existing properties and use it as a deposit on new properties whilst gaining tax benefits. Similarly those owners looking to remortgage in order to improve the property, could now benefit from a tax deduction for the total interest borrowed and not just the initial loan. However, this is subject to rental income meeting the lender's criteria.

If you require further advice or information call us on 01767 310005 or use the Contact Us page, Or alternatively, if you are ready to proceed and know which product you require, please click on Apply Now.