How much can I borrow on a let to buy mortgage


How much can I borrow on a let to buy mortgage
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20 Nov 2019

Lenders expect the rent to be 125% of the monthly re-payments and some want it to be greater than 145%. The let to buy calculator can be used to check how much one can get. Most lenders ask for 25 percent of the total price. Since 2017, landlords have had to choose between committing to a fixed-term mortgage deal for at least five years or facing stringent affordability rules, which limited how much they could borrow with reference to their rental income.

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