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Buy-To-Let mortgages are similar to ordinary mortgages with a few differences:

  • The deposit required is normally higher, typically 25% although can be as high as 40%. Higher deposit rates typically provide lower mortgage interest rates.
  • Interest rates can be higher. Fees are generally higher.

Some Buy-To-Let mortgages are interest only, you only pay the interest in monthly payments, but the mortgage value is payable at the end of the period, so a seperate repayment plan is neccessary for this type of mortgage

The Mortgage calculations can be saved to a table by clicking the "Add to table" button (table appears below the schedule comparison).

Mortgage Details
Mortgage Details
Property Value Total value of the property
Deposit Percentage % Enter either the deposit percentage or amount
Deposit Amount
Mortgage Amount Mortgage value after deducting the deposit
Mortgage Period Total length of the mortgage in Years or months (calendar months)
Annual Interest Rate % Enter the Interest Rate
Monthly Repayment
Principal and Interest You pay the interest plus an amount off the mortgage. No large payment is due at the end of the period
Interest only You pay the interest only. The full amount of the mortgage is due at the end of the period
Payment Summary
Payment Plan Comments
Principal and Interest Interest Only
Principal 0.00 Interest only plan does not pay any amount off the principal amount over the period
Interest Interest is calculated on the reducing balance on the Principal and Interest plan
Final Payment 0.00 The mortgage amount is due at the end of the Interest only plan
Total excluding deposit Total costs for everything except the initial deposit
Total including deposit Total costs

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