Being a LandlordPurchasing a Buy to Let property is a commercial transaction which carries a number of potential risks. As a responsible lender, the Society is not obligated to provide borrowers with additional information, but we think it’s important that potential landlords understand and consider their responsibilities as a landlord before committing to purchasing a Buy to Let property.
Many of the key points that new landlords need to consider are contained in a helpful factsheet which has been developed to help you better understand the risks associated with taking out a Buy to Let mortgage.
Being a Landlord Factsheet >>
If you fail to keep up with payments on your mortgage a ‘receiver of rent’ may be appointed and/or your rental property may be repossessed.Most Buy to Let Mortgages (investment type property loans) are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.