UK Mortgage Glossary
Buy-to-Let (BTL)
A mortgage on a property you intend to rent out.
Full definition
A mortgage product for properties bought to rent to tenants, rather than to live in yourself. Assessed primarily on rental income coverage (ICR) rather than personal income. Typically requires a 25% deposit. Most BTL mortgages are not regulated by the FCA. See our full Buy-to-Let guide.
How this affects you
Whether buy-to-let (btl) is relevant to your mortgage depends on your circumstances — lender, product, deposit, employment, credit profile, and stage of application. An FCA-authorised mortgage broker will tell you exactly where it applies to your case.
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