Buy-to-let mortgages are designed to help landlords buy property to rent out privately.
Most will require a deposit of at least 25% of the property's value, and will insist that the rent you get for the property is equivalent to at least 120% of the mortgage payment you owe the lender each month. Some will also ask that you as a landlord have another stream of income, rather than relying on your tenants' rent.
There are over 30 lenders offering buy-to-let mortgages in the UK, mostly available via professional advisers. The rates charged are higher than those offered on residential mortgages, but not hugely so. Fees, however, can be hefty.
If you would like to speak to an adviser about arranging a buy-to-let mortgage, click here. or visit our calculators to find out how much a buy-to-let mortgage would cost you.