Buy To Let Mortgages
Although there have been number of changes around stamp duty and tax, buy to let is still popular.
Single rental, house of multiple occupation, serviced accommodation. Some people are now buying BTL properties through a special purchase vehicle (SPV) which has tax advantages for higher rate tax payers.
- Deposit of 25% of the purchase price is required. However, some lenders can consider 20% deposit on buy to let mortgages.
- Additional 3% second property stamp duty to pay on the full purchase price for properties of £40,000 or more.
A buy to let mortgage will be secured against your property
Some types of buy to let mortgages are not regulated by the Financial Conduct Authority