A buy to let mortgage is tailored specifically for landlords to buy a property with the intention to rent out. A buy to let mortgage is usually more expensive than a regular residential mortgage, however, it may pave to way to becoming a property investor.
A buy to let mortgage is suited for those who want to invest in property.
Investing in property is a risky business, therefore you shouldn’t take out a buy to let mortgage unless you can afford to take that risk.
To qualify for a buy to let mortgage you mast have a good annual salary backed up with a good credit score.
Also, lenders will have an upper age limit, normally between 70 and 75 years old.