Buy to Let

Both you and the property will be assessed for lending purposes but the cost of maintaining the mortgage falls on the expected rental income. Lenders would normally require rental income to exceed the mortgage payment by 125%, and calculated against a higher (notional) interest rate than the mortgage rate you will normally actually pay.

Unlike mortgages for you main residence, typically Buy to Let mortgages operate on an Interest Only basis, with the repayment of the loan coming on sale of the property in due course. You still have the option of a Repayment mortgage too.