Buy to let mortgages
In Colchester, Essex
Buy to Let is a mortgage agreement set in place for those who are looking to invest in the property market. This will assist in generating a second income. It can also be a good way to make profit on the property value.
What is the difference between a residential mortgage and a Buy to Let Mortgage?
- The interest rates on a Buy to Let mortgage are slightly higher than residential mortgages
- The minimum deposit on a Buy to Let property is currently 25% of the property’s overall value
- Buy to Let can be affected on an interest only basis although Full Repayment options are also available