Buy-to-let mortgages are for investors and homeowners who want to buy into the property market, purchasing houses specifically for the purpose of letting them out to tenants.
Not only is the owner able to benefit from capital value appreciation of the house, but also likely to be better able to maintain the property and realise much of his loan repayment from the income from letting.
There are two contrasting sides to this buy-to-let phenomenon. It drives property prices higher, as it has over the last few years, while, on the other hand, it makes a broader range of rental accommodation available for tenants.
Buy-to-let Mortgages are different from the usual home and property mortgages, only so far as they specifically allow rental income to be considered income contributing to the ability of the buyer to meet mortgage payments. In almost all other aspects, buy-to-let mortgages are quite similar to standard mortgages
