Are you a UK resident looking for appropriate loan options? We at Bridging Funding can help you get the loan process completed instantly. We value your needs and can choose the right loan option for your business. Due to our system, we tend to you individually and check your background before proceeding. We never take more than a few days to approve your loan in principle. If your case demands you to get a buy-to-let mortgage, come to us for the right terms and conditions. We not only provide you with additional security, but our low-interest rates will also make you visit us again and again. This particular type of loan is mainly sought out by landlords who want to buy properties for rent.
Difference Between Buy-To-Let and Other Kinds of Loans
Needless to say that you have to have a major interest in wanting to invest in houses or flats. If you are someone with good credit record, you are likely to get the mortgage faster.
- The fees are way higher than that of normal mortgages.
- Though the interest rate will depend on the lender, still the rate on this type is generally higher than the other types.
- You have to deposit around 25% of the property’s value to get a buy-to-let mortgage.
- FCA does not regulate the BTL mortgage.