A buy to let mortgage is for those who are looking at purchasing a property for investment purposes as opposed to moving into the property (which would be classed as a residential mortgage). If you plan to purchase a property, then rent it to a tenant in order to generate an income – most lenders would require you to apply for a buy-to-let mortgage; not a residential one.
Buy to let mortgages typically require more of a deposit than standard residential mortgages, usually in the region of 20-25% of the purchase price.
