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A buy-to-let mortgage is specifically designed for the purpose of financing a property that is to be rented out. Mortgage lenders will look at the market value of the rent a property could attract as well as the borrowers income and credit worthiness when assessing a mortgage application.

The UK Buy-to-let mortgage market has expanded dramatically over the last 5 years, and lenders are now much more geared up to provide competitive deals.

When you buy a property to let out, you are becoming a landlord. And owning investment property is not owning you own home. Instead you are effectively running a small business.

Obviously, when you choose a property, you will need to ask yourself how much you can afford to pay, and how you will pay for it? If you take out a mortgage, you should work out the value of the property and the amount you need to borrow. Typically lenders allow people to borrow up to 80% and sometimes more of the property's value. The size of the loan is usually linked to the expected rental income. As a guide, you lender will expect your monthly rental income to be 25%-50% greater than your monthly mortgage payments.

Your property may be repossessed if you do not keep up repayments on your mortgage.

You can choose how we are paid for mortgage advice. Pay a fee, usually £499, or we can accept commission from the lender; or we can accept a combination of fee and commission.