‘Buy to Let’ is where property is bought as an investment and let out.
If the property is to be purchased with the aid of a mortgage, you would need to apply for a ‘Buy to Let’ mortgage. The Lender will check to ensure that you would be asking enough rent to be able to meet the monthly repayments.
If the property is Leasehold you would need to check that the Lease does not prohibit letting the property out.
Steve Smith - Department Head (Partner)
Email: Steve.Smith@Machins.co.uk
DDI: 01582 514378
Eugene Pritchard - Assistant Solicitor
Email: Eugene.Pritchard@Machins.co.uk
DDI: 01582 514369
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