Are buy-to-let mortgages capital repayment or interest only?
The majority of Buy to Let mortgages are entered into on an interest-only basis because the figures calculated on rental income are more likely to stack up. Repayments on the capital aspect of the loan may not give you the rental return to cover the mortgage. Full guidance and professional advice should always be sought before deciding which mortgage product is right for your purchase.
Related Questions
- Can I use the Special Account for capital repayment of my housing loan? What about progress payments for my private property which is still under construction?
- What is the difference between an Interest-Only Mortgage and a Repayment Mortgage paying capital and interest?
- Are buy-to-let mortgages capital repayment or interest only?
