Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What Are Buy-to-Let Mortgages?

April 26, 2017buy-to-let mortgages

0

Posted

What Are Buy-to-Let Mortgages?

1 Answer

0

Posted

Buy-to-let mortgages are merely mortgages taken out to purchase rental properties. The term is used most frequently in the United Kingdom. In the United States, buy-to-let mortgages are commonly referred to as investment property mortgages. Interest rates are often higher than they are for loans in which the borrower plans to live on the property receiving the mortgage loan.