I'm a first-time landlord. Do I need a larger deposit for a buy-to-let property compared to an experienced investor, and does affordability criteria differ for first-time buyers vs. first-time landlords?
Quick Answer
First-time landlords generally need a 25% deposit for buy-to-let property, matching experienced investors. Affordability varies, with residential mortgages based on income and BTL mortgages assessed against rental income stress tests.
About This Topic
First-time landlord? Discover deposit requirements (typically 25%) and how BTL affordability differs from residential mortgages, using rental income stress tests.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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