Buy to Let Mortgages
Buy to Let mortgages are required for people looking to invest in property in order to offer it out for rent as a source of income.
At The Mansfield we offer a range of fixed rate and discounted variable rate mortgages for first time and existing landlords throughout England and Wales.
Buy to Let Mortgage Features:
- Individually underwritten with no credit scoring
- Available to employed, self employed and retired applicants with a minimum income of £20,000
- All landlords must be an existing owner occupier at the time of application
- Rental income must be at least 130% of the monthly interest calculated at 5%, check with our Buy to Let calculator
Our 3 Year Discounted Rate Buy to Let mortgage (DIB026) is available for property to be let to a close relative (ie spouse or civil partner, children, parents, brothers and sisters). All of our other Buy to Let products are not available for property to be let to a close relative.
Where property is let to a close relative, the mortgage is regulated by the FCA. Mortgages for properties that are not let to a close relative are not regulated by the FCA.