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

  • The mortgage will be regulated by the Financial Conduct Authority, unless the application is for 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.

  • Buy to Let Mortgage: Change of Repayment type to or from Repayment/Interest Only - £30.00 This fee covers the administration costs involved in restructuring your Buy to Let mortgage and informing you of the amendments to your mortgage account.

  • Therefore, if enforcement proceedings are taken in respect of a Buy to Let Mortgage and the related Property is disposed of as part of such proceedings, any capital gains tax arising from such disposal will have to be paid out of the net disposal proceeds and in priority to the payments of amounts due under the related Mortgage.

  • Home Finance, Consumer Buy to Let & Business Buy to Let Mortgage Products • We give advice in regulated mortgage contracts from across the whole of the market.

  • This PPR exemption is unlikely to be available in respect of the disposal of Properties which secure Buy to Let Mortgage Loans.

  • Unless otherwise agreed expressly and in written form, the information submitted to us in connection with orders is not considered confidential.

  • As of the Provisional Cut-Off Date, approximately 93.90% of the Mortgage Loans in the Provisional Mortgage Portfolio by value are secured by non-owner occupied freehold or leasehold properties (the "Buy to Let Mortgage Loans").

  • These changes in the law may delay the Legal Title Holder exercise of its power of sale in relation to the Buy to Let Mortgage Loans and may in turn reduce the timeliness of receipts receivable by the Issuer under the Mortgage Portfolio and may adversely impact on the ability of the Issuer to make payments under the Debt.

  • For more information on being a landlord or buy to let mortgages, why not take a look at our Buy to Let Mortgage webpage or Guide, or give one of our advisors a call to discuss your options.


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.

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • Aircraft Mortgage means each Aircraft and Engine mortgage and security agreement entered into by any Borrower in favor of the Agent evidencing the Liens in respect of such Aircraft Collateral that will secure the Obligations, in each case as amended, modified, restated, supplemented or replaced from time to time.

  • Lost Mortgage Note Any Mortgage Note the original of which was permanently lost or destroyed and has not been replaced.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Reverse mortgage means a nonrecourse loan under which both of the following apply:

  • First Mortgage Indenture means a first mortgage indenture pursuant to which any Borrower or any Subsidiary of any Borrower may issue bonds, notes or similar instruments secured by a lien on all or substantially all of such Borrower’s or such Subsidiary’s fixed assets, as the case may be.

  • 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 Amendment means an amendment to an Existing Mortgage or an amendment and restatement of an Existing Mortgage, in each case in form and substance reasonably acceptable to the Collateral Agent.

  • Mortgage Amendments as defined in Section 6.11(a).

  • Net Mortgage Interest Rate As to any Mortgage Loan and Distribution Date, such Mortgage Loan's Mortgage Interest Rate thereon on the first day of the month preceding the month of the related Distribution Date reduced by (i) the Servicing Fee Rate and (ii) the Trustee Fee Rate.

  • Mortgage Addendum means the addendum to the Mortgage in the agreed form.

  • Split Mortgage Loan Any Mortgage Loan that is part of a Loan Combination. The only Split Mortgage Loans that are assets of the Trust as of the Closing Date are those that have the respective loan numbers (as set forth on the Mortgage Loan Schedule) listed on the Loan Combination Table under the column heading “Loan No. for related Mortgage Loan.”

  • First Mortgagee means the holder of any First Mortgage.

  • Ship Mortgage means a Ship Mortgage or Additional Ship Mortgage substantially in the form of Exhibit E-2 to the 2008 Credit Agreement (with such changes as are reasonably consented to by the Collateral Agent to account for local law matters) made by the applicable Loan Party in favor of Collateral Agent for the benefit of the Secured Parties, as the same may be amended, supplemented or otherwise modified from time to time, together with an Earnings Assignment and an Insurance Assignment made by the applicable Loan Party for each Mortgaged Vessel, and such other agreements reasonably acceptable to Collateral Agent as shall be necessary to comply with applicable requirements of law and effective to grant in favor of Collateral Agent for the benefit of the Secured Parties a first preferred mortgage within the meaning of the Ship Mortgage Act on the Mortgaged Vessel covered thereby, subject only to Permitted Liens.

  • Existing Mortgages means any mortgage, deed of trust or deed delivered pursuant to the Existing Credit Agreement including any amendments, modifications, restatements or assignments thereof.

  • Assignment of Rents and Leases means, with respect to the Mortgaged Property, an Assignment of Rents and Leases (and, if there are more than one, each and every one of them), dated as of the Closing Date, granted by the Borrower to Lender with respect to the Leases, as same may thereafter from time to time be supplemented, amended, modified or extended.

  • 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.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

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

  • Preliminary Mortgage Schedule As defined in Section 3.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Assignment of Leases and Rents means the Assignment of Leases and Rents, executed by Borrower for the benefit of Lender, and pertaining to leases of space in the Project.