Buy to Let
Buying a second property is a great way to invest money and/or create a secondary income stream. But its not straight forward. The rules surrounding lending aren't like normal residential purchases but the process is the same. Lending is mainly based around the level of rent you receive from the property rather than your income.
Key differences to a normal residential purchase is that you typically need a 25% deposit and that Stamp Duty is charged with a further 3% of the property value.
Other areas to consider are; Property Maintenance, Taxation, Letting agent and Service Charges along with possible rental voids.
Some forms of Buy to Let mortgages are not regulated by the Financial Conduct Authority