How do buy-to-let mortgages work?

A buy-to-let mortgage is essential if you want to rent out a property you are purchasing, watch as we explain the key differences from a normal mortgage. The biggest difference is that they are interest only, which means you get low monthly payments but you don't pay off capital of the loan so you'll need to have another way of paying off what you have borrowed, or you can sell the property at the end of the term. Buy-to-let mortgages are also seen by banks as more risky than normal mortgages so you will likely have to pay a bigger deposit. Get the full rundown of everything you need to know about buying a property to let out at https://ift.tt/2OMeYep Which?: http://www.which.co.uk Twitter: https://twitter.com/whichuk Facebook: https://ift.tt/1fAOmna