How To Get Your First Buy To Let | Buy To Let Mortgages

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How to Secure Your First Buy-to-Let | Buy-to-Let Mortgages Explained

Are you considering purchasing a property to rent out? 🏡 In this video, we explain how to secure your first buy-to-let mortgage and what you need to know about buy-to-let investments.

A buy-to-let mortgage is specifically designed for those looking to purchase property to rent out to tenants. These mortgages are often interest-only, meaning you only pay the interest each month, with the original loan amount due at the end of the term. While buy-to-let mortgages typically come with higher interest rates and require a larger deposit, they can be a solid investment, providing regular rental income and potential long-term capital growth.

📍Key Points Covered

➡️Buy-to-Let Mortgages: Understanding interest-only payments and higher deposit requirements.
➡️Investment Benefits: Regular income and potential property value increase.
➡️First-Time Buyers: Navigating the stricter criteria for securing a buy-to-let mortgage.
➡️Lender Criteria: Deposit amount, affordability based on rental income, and credit score.
➡️ Responsibilities of Landlords: Advertising, insurance, deposit protection, maintenance, and rent collection.

Securing a buy-to-let mortgage as a first-time buyer is possible but comes with challenges. It’s crucial to be well-prepared and understand the responsibilities involved.

#FirstBuyToLet #BuyToLetMortgage #propertyinvestment #landlordtips #realestateadvice #mortgageadviceuk

00:00 Intro
00:28 What Is A Buy To Let Mortgage
01:09 Can First Time Buyers Get A Buy To Let
01:30 Eligibility
02:21 Should I Get A Buy To Let As My First Property
02:53 Responsibilities And Costs
03:07 Outro

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UK Mortgage Centre is a trading style of Refresh Mortgage Network Limited. Refresh Mortgage Network Limited is authorised and regulated by the Financial Conduct Authority. FRN – 826982. Registered in England & Wales: 11614569. As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments. The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages. The Financial Conduct Authority does not regulate will writing and taxation and trust advice.