Buy-to-Let: Difference between revisions
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imported>Doug Williamson (Create the page. Source: http://www.mortgagesforbusiness.co.uk/property-finance/customer/buy-to-let-mortgages/buy-to-let-explained/risks-borrowing-criteria/) |
imported>Doug Williamson (Layout) |
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''Mortgages'' | |||
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Revision as of 15:02, 15 November 2016
Mortgages
(BtL).
A loan for buying or refinancing residential property which is let to tenants, rather than being lived in by the borrower.
Buy-to-Let mortgage loans are generally considered higher risk for lenders, and are subject to higher rates of interest and fees.
