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).
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