Buy to Let Mortgage definition

Buy to Let Mortgage means a loan made to one or more borrowers to be secured by a mortgage over a property that is (a) either (i) let at the date the mortgage is granted, or (ii) intended by the borrower or borrowers to be let either at that time or in the future, and (b) marketed as being intended for such purpose.
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Buy to Let Mortgage means a mortgage over a property which we have agreed in your mortgage offer letter is, or will be, rented to a third party or parties following completion of the loan and will not be occupied by you or a member of your family;
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Buy to Let Mortgage means a loan made to one or more borrowers to be secured by a mortgage over a residential property that is—
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Examples of Buy to Let Mortgage in a sentence

  • To the extent a Borrower, in respect of a Buy to Let Mortgage Loan, falls within this category, the provisions of the SME Regulations could apply.

  • The arrears handling provisions (in addition to certain other provisions) in the Consumer Protection Code do not apply to a mortgage loan to which the Arrears Code applies, but it could apply to a mortgage not in respect of a primary residence, including a Buy to Let Mortgage Loan.

  • The mortgage will be regulated by the Financial Conduct Authority, unless the application is for a Buy to Let Mortgage.

  • The Consumer Protection Code does not apply to a mortgage loan to which the Arrears Code applies, but it could apply to a mortgage not in respect of a primary residence, including a Buy to Let Mortgage Loan.

  • The Consumer Protection Code does not apply to a mortgage loan to which the Arrears Code applies, but it could apply to a mortgage not in respect of a primary residence, including a Buy to Let Mortgage.

  • Unless the Mortgage is a Buy to Let Mortgage, to move into the Property as soon as is practicable from the Completion Date, and live in and use the Property as your primary home and not for any other use throughout the Mortgage Term.

  • Unless the Mortgage is a Buy to Let Mortgage or you have first obtained our written consent (which we will not unreasonably refuse) in advance, not to allow anyone to live in the Property or share occupation with you or grant any tenancy agreement or lease.

  • If you have a Buy to Let Mortgage and there is a tenant in the Property on the Completion Date you must have vacant possession except for occupation by that tenant.

  • The neighbouring land is or could be used for agricultural purposes, then the Property must only be used as your private residence unless you have a Buy to Let Mortgage.

  • Buy to Let Mortgage: Change of Repayment type to or from Repayment/Interest Only - £30This fee covers the administration costs involved in restructuring your Buy to Let mortgage and informing you of the amendments to your mortgage account.


More Definitions of Buy to Let Mortgage

Buy to Let Mortgage means a Mortgage which is stated in the Mortgage Offer to be a Buy to Let Mortgage. This will usually be where we have agreed with you on or before the date of the Mortgage Offer that the Property will be rented out to a third party (in accordance with any requirements specified in these Conditions and/or the Mortgage Offer) and will not be occupied by you or a member of your family.
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Buy to Let Mortgage means a loan which is described as a buy to let mortgage or loan type in the offer.
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Related to Buy to Let Mortgage

  • First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.

  • Second Mortgage means a mortgage from which the proceeds of a loan or other extension of credit made by a third person are secured by a mortgage on the real property for which the mortgagor has used the proceeds of the loan or other extension of credit to pay all or part of the purchase price of the property.

  • First Mortgage Bonds means bonds issued by the Company pursuant to the Indenture.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.