Who Can Get a Buy to Let Mortgage?
Mortgages for Buy to Let properties are available to first-time landlords or people with an existing portfolio of property. Different lenders have different criteria to meet. Credit searches will be performed by most lenders and as is the way with a conventional, residential mortgage, to obtain the most competitive rates available a good credit score will be needed. Some lenders can help people with credit history blips where the cost of borrowing is likely to be higher. This article from Eden Hawk will explain the eligibility criteria for a buy-to-let mortgage.
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