Buy to Let properties can be a very attractive investment but you need to understand exactly what’s involved. Use our top tips to provide you with essential information before you buy.
Typically, lenders will require you to have a minimum salary of £25,000 a year to be accepted for a Buy to Let mortgage. They usually require a rental income of at least 125% of the mortgage payments.
In the UK, the current average gross rental yield is around 5%-8%. This can depend on the property type, the location, and the condition of the market.
Most Buy to Let lenders will require you to put down at least 25% as a deposit.
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