Definitions
Wiktionary
- adj. UK Describing, or relating to a property bought as an investment, the purchaser letting it to others rather than living in it
Examples
“Also, to capture juicy yields from short-term buy-to-let, buyers must fork out for the most top-notch property in some of the city's most exclusive areas.”
“Photography: Metin Tilki Rents in Cannes soar during the Monaco Grand Prix Ms. Dove, who has built up an £80 million fortune and a property empire that includes the former homes of Robert Louis Stevenson and Charles Dickens, says the idea of short-term buy-to-let in what real estate agents call "prime London" is already popular with Middle Eastern property buyers, partly because the dinar has been strong against the pound.”
“All of this means that the idea of buy-to-let is slowly coming back into favour.”
Telegraph.co.uk - Telegraph online, Daily Telegraph and Sunday Telegraph
“Just mentioning this to an agent used to result in, "Now, let's not be hasty …"theindyisbetter:We need young people to be able to afford to buy their own homes, not feather the nests of buy-to-let investors and property speculators.”
The Guardian: Rent increases slow but more tenants fall behind on payments
“The latest monthly buy-to-let index from the lettings agent showed the average rent in England and Wales rose by 0.2% in October, to £720 a month, the lowest increase since February.”
The Guardian: Rent increases slow but more tenants fall behind on payments
“Again assuming that a lender would match the valuation of your London flat, with a mortgage of £180,000, you would be looking at an LTV of 48% which is a lot lower even than the lowest LTV of 60% that some buy-to-let lenders require.”
The Guardian: Can I keep my paid-off London flat and still buy a country house to live in?
“However, Hull said there was room for improvement, particularly in the buy-to-let market, which is currently unregulated by the FSA.The FSA proposals also include a clampdown on the charges imposed by lenders on borrowers who fall into arrears on their mortgage repayments, and a ban on lenders moving these borrowers away from low initial rates.”
“HTA To use the flat as collateral for your new home, you would need to secure your borrowing on it, so you would need to take out a buy-to-let mortgage.”
The Guardian: Can I keep my paid-off London flat and still buy a country house to live in?
“Indeed, most buy-to-let lenders look only at rental income with only a handful of lenders assessing earned income as well.”
The Guardian: Can I keep my paid-off London flat and still buy a country house to live in?
“To answer your first question, yes it's highly likely that buy-to-let lenders will take rental income into account when assessing mortgage applications.”
The Guardian: Can I keep my paid-off London flat and still buy a country house to live in?
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