WHAT IS A BUY TO LET MORTGAGE - The definition of a buy to let property (sometimes referred to as 'buy to rent' or 'BTL') is a type of property investment, in which the investor becomes a landlord and rents out the property hopefully for profit. A buy to let mortgage is a loan secured against one of these properties.
There are many changes in this market, with lender rules changing along with landlord responsibilities and tax. It is vital you seek advice to ensure you are fully aware of what is involved.
The FCA does not regulate some forms of buy to let mortgages.
IF YOU ARE EXPERIENCING FINANCIAL DIFFICULTY AND STRUGGLING TO MAKE PAYMENTS, THEN YOU CAN CONTACT YOUR LENDER WHO MAY BE ABLE TO HELP, TAKING ACCOUNT OF YOUR INDIVIDUAL CIRCUMSTANCES.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE