Buy-to-Let mortgages FAQs

You can improve your score by proving that you can repay debt and cope with any credit commitment you have, such as loans and credit cards and by paying things like mobile phone bills and utility bills on time. Also, it helps to be on the electoral role.

Each individual has a credit score, based on how they have conducted their finances over the preceding six years. Financial services companies use this when considering offering services such as mortgages.

This will depend on your personal circumstances, but we would advise you to seek advice from a qualified accountant to discuss.

Not for your main residence, but if you have investment properties that were bought on a Buy-to-Let basis, these will be subject to Capital Gains Tax.

Yes. In April 2016, the government introduced an extra 3% SDLT payable on any additional properties. There are some exceptions to this, and we would advise you to discuss this with a tax adviser should you need further guidance.

Normally a minimum of 25%.

A Buy-to-Let mortgage is where you buy a property specifically as an investment with the intention of renting it out.