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Regulated 'Family' Buy to Let – where property is let to a close relative (i.e. spouse or civil partner, children, parents, brothers and sisters) or the. Buy-to-let is a British phrase referring to the purchase of a property specifically to let out. A buy to let mortgage is a mortgage specifically designed for. A Buy to Let mortgage is for people looking to buy a property to rent out, rather than live in it. Most Buy to Let mortgages are interest only. This means.

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It's when a property is bought to rent out to somebody else. You can use a specific buy to let (BTL) mortgage to purchase the property. This means you can buy. It's a good option to have for those who aren't exactly professionals in the renting business and aren't meaning to use it as a main source of income. On the. A buy to let mortgage is a mortgage sold specifically for those who buy property as an investment, rather than getting a mortgage for somewhere you want to live.

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A rent-to-own agreement is a deal in which you commit to renting a property for a specific period of time, with the option of buying it before the lease runs. Switching to a buy to let mortgage enables you to rent out a property you used to live in. This falls under an industry known definition of “consumer buy to let. What does buy-to-let credit agreement mean? · (a). cannot at any time be occupied as a dwelling by the borrower or by a related person; and · (b). is to be.