Property can be an excellent way to expand your portfolio and supplement your income, although it doesn’t come without risk.
There are some key differences between a buy to let mortgage and a residential mortgage and this is an area we can also assist you.
Some differences include:
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Minimum deposit is usually around 25% of the value of the property
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Interest rates are usually higher
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Rental income must cover the mortgage by at least 125%
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You must be a UK resident aged between 21 and 70