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Buy-to-let

What is Buy-to-Let (BTL)?

A mortgage for a property intended to be rented to tenants.

Definition

A buy-to-let mortgage is designed for a property that will be let rather than occupied as the borrower's main home. Lenders commonly assess expected rent, loan-to-value, the applicant, property, ownership structure and landlord experience. Some buy-to-let lending is regulated and some is not, depending on the circumstances.

Practical example

A lender may test the expected monthly rent against mortgage interest calculated at a stressed rate.

Why it matters

Using a residential mortgage for an undisclosed letting can breach the mortgage conditions.

Buy-to-let mortgage guide

Source and review

Reviewed 16 July 2026. Product criteria and rules can change.

Bank of England PRA: buy-to-let underwriting

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