Buy to Let Mortgages are mortgages specifically designed for people who want to invest in the property market by purchasing one or more houses and letting them out to tenants.
The increase in house prices over the last few years has created a demand for rental accommodation that has made the sector an attractive proposition for many people.
Mortgages have been made more affordable by low interest rates and the return on rental income can look attractive compared with return on some other investments. Added to that private landlords are afforded better legal protection than they have in the past.
Provided you obtain the correct advice and assistance buying a property to rent can be quite straightforward and rewarding.
Your home may be repossessed if you do not keep up repayments on your mortgage. All loans and mortgages are secured on property. Think carefully before securing other debts against your home