Income-generating properties are nothing new. The idea of purchasing a house or other type of residence that can then be let to others has attracted investors for centuries, and why not? It’s hard to find a downside to having someone else essentially make the mortgage payment for you every month.
But obtaining buy to let mortgages in Crystal Palace is not as straightforward as obtaining a standard mortgage. There are unique considerations with this type of mortgage. For instance, you may be required to post a larger than average deposit. And you may be limited in how much you can borrow by the amount of rental income the property is likely to generate.
