The interest rates on these mortgages may be higher than those on residential mortgages, as lenders consider them a higher risk since the property is not used as the borrower’s primary residence.

To qualify for a buy-to-let mortgage, lenders typically require the borrower to have a good credit history and a certain income level. The lender will also consider the rental income the property will likely generate when determining how much to lend.

It is important to note that the rules and regulations surrounding buy-to-let mortgages can vary by country and even by region. If you are considering a buy-to-let mortgage, speak to us; we can help you understand the requirements and risks involved.

Is a buy-to-let mortgage what you’re looking for? Contact one of our Derby Mortgage advisors.

People may choose to get a buy-to-let mortgage for a variety of reasons, including: