What is a Buy-to-Let mortgage?

A Buy to Let mortgage is a specific mortgage that is granted to an individual, a property investor, a developer or landlord. The mortgage is classed as a business transaction.

Typically, a buy to let mortgage requires a larger deposit when compared to a residential mortgage as the maximum that can be borrowed is usually only 85% of the total loan value, with many more rates and options being 75% of the total loan value.