A buy to let mortgage is a type of mortgage where the property owner lets out their home to tenants who pay rent directly to the landlord. The landlord then uses the rent to repay the loan.
Buy to let mortgages are popular because they allow people to invest in properties without having to spend a lot of money on buying the property outright.
However, there are risks involved with buy to let mortgages. If the tenant doesn’t pay the rent, the landlord has to find the money to cover the shortfall. This could mean selling the property at a loss.
If the tenant leaves before the lease ends, the landlord has to pay out the remaining rent.
Buying a property as an investment is one of the most popular ways for people to make money. The UK has seen a huge increase in house prices over recent years, and this means that buying a home can be very lucrative if you know what you are doing. However, there are many things that need to be considered before making your first purchase.
