Buy to Let
Buy-to-let (BTL) mortgages are for people who want to buy property to rent out to tenants, whether it be a single property or building a property portfolio. They are different to residential mortgages because the amount you can borrow is based on the rental income rather than your own personal income. BTL mortgages can be complex and so ensuring you seek the correct advise is crucial, particularly as there are different Stamp Duty Land Tax laws when you buy a second property.
Let to Buy
A Let to Buy (LTB) mortgage is similar to a Buy to Let (BTL) mortgage but is classed as LTB if you have lived in the property as your main residence and now wish to rent it out. This could be an option if you can’t sell your existing home but want to move to a new one.
Self Build Mortgages
Making the dream of building your own home a reality can quite often be realised with a Self Build mortgage. Over the years more and more lenders have joined the self build mortgage market, giving us greater flexibility & choice for various scenarios, including building from scratch to a renovation project.
Your home (property) may be repossessed if you do not keep up repayments on your mortgage.
The Financial Conduct Authority does not regulate some forms of Buy to Lets.
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