I'm looking to buy a terraced house in Manchester for £200k as a BTL. How much deposit would I typically need to get a competitive mortgage rate, and what deposit amount opens up better deals?
Quick Answer
For a £200,000 BTL, a minimum 25% (£50,000) deposit is standard. More competitive rates and better product choice typically become available with deposits of 30% (£60,000) or 40% (£80,000) due to improved Loan-to-Value ratios.
About This Topic
Discover optimal BTL deposit requirements for a £200,000 property. Learn how 25% is minimum, but 30%-40% deposits unlock better mortgage rates and lower repayments, crucial for UK property investors.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
Expert Guidance from Steven Potter
Steven Potter is a UK property investment coach with a £1.5M portfolio and over 5 years of hands-on experience. He has helped over 1,000 students achieve their property investment goals through practical, ethical strategies.
Ready to Take Action?
Get personalised property investment coaching with Steven Potter's Property Freedom Framework.
Learn about the Property Freedom Framework