Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > Money Management > Loans > Mortgages > What are the advantages of having a buy to let mortgage?

What are the advantages of having a buy to let mortgage?

In: Mortgages [Edit categories]

Answer:

A major advantage of a buy to let mortgage is that you have an investment property that you never pay a dime on, your renters do it for you. Depending on the area, there are various tax advantages.

First answer by Answers Publishing Network. Last edit by Answers Publishing Network. Contributor trust: 102 [recommend contributor ]. Question popularity: 13 [recommend question].

[report abuse]

Can you answer these Mortgages questions?

	Where do you send your bank of America mortgage payment as you live in Idaho?	Answer it!
	How do you get the martial home in your name after divorce and your not on the mortgage?	Answer it!
	Do all mortgage companies have promissory notes?	Answer it!
	What happens when you pay of your mortgage from home does you home equity line of credit stay with your home title?	Answer it!
	What is the difference between PPI and Mortgage protection?	Answer it!

Relevant answers:

How do buy to let mortgages work?
A buy to let mortgage is a mortgage loan that an investor uses to purchase a rental property for producing residual income. The loan amount and the interest rates are different than a conventional...
What is a buy to let mortgage?
A buy to let mortgage is a british term for a mortgage where the borrower is buying a property specifically to rent out. These are hard to get now because of the world economy.
Do you have regrets about having a buy to let mortgage over a traditional fixed rate mortgage?
If I had a buy to let mortgage over a traditional mortgage I think I would regret it. Renting to tenants is always a risky business. It can be hard to evict tenants if necessary and rent levels in...
What institutions offer a buy to let mortgage?
Banks, financial institutes, landlords and lenders can offer a buy to let mortgage. However rates vary and having a good bank partner assist you through the loan could help.
How do you buy property without having to make mortgage payments?
Pay cash. If you pay everything up front, there is no mortgage. If you can't pay for it up front, you are going to need a loan. And a loan is going to have to be secured. And if the security is the...