A buy-to-let mortgage is a loan you take out to buy a property which you can intend to rent to tenants. The mortgage might be a second charge on your own home or, more usually, it is secured against the property to be let. it is a long term investment in which hope will generate an income form rents, and a capital gain when you sell the property. But there is no guarantee that you will make profit on your investment, and if you need access to the cash a property may take time to sell or re-mortgage.
Rising property values and a booming lettings market has meant that many lenders have developed mortgage deals tailored to the needs of would-be landlords. For investors seeking rental yield or capital growth, property has proved a good investment at a time when returns on other types of asset have been comparatively low
Only very few buy-to-let mortgages are regulated by the FCA. This means you may not be able to take complaints about this type of mortgage to the financial ombudsman service