New Why BTL Mortgages Are Interest Only



This week I explain the difference between residential repayment mortgages and buy to let interest only mortgages and why the latter are so invaluable to investors!

As always get involved in the comments below!

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5 comments

  1. This makes so much sense, I wish I could show this to my partner and family, but they all put their fingers in their ears and think that any debt is bad regardless and there's nothing I can do to change their minds. A question for you, what about a family/group of people pooling money together for BTL, perhaps as a company, is that feasible, does that make any sense?

  2. Nicely explained Perry but 100k only gets you four mortgages at 25k

  3. Struggling at the minute mate; I'm a first time buyer (never own any residential before) trying to find a mortgage for a BTL- using your wealth strategy and going for cashflow. My broker is currently struggling to find a willing lender of BTL mortgages due to me never being a residential owner before, and they do seem to place more weight on my income from my day job than expected. I hoped it wouldn't matter for the reasons you're explaining. I have a decent deposit as well, giving a 25/75%LTV, but also self-employed. Good general info though.

  4. Cheers Perry another great video. Would you buy BTL as an individual or as a Ltd company. Considering the latter as I’m a higher rate tax payer

  5. Thanks for explaining this all Perry!

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