Florida buy-to-let mortgages for Florida villas
Buy-to-let mortgages are designed for people who buy property and hope to generate income by renting them out. This is a concept which attracts many buyers of Florida villas who hope to capitalise on the tourist market in Florida.
Florida buy-to-let mortgages do not exist as such. In most cases the decision on whether to lend you money will be taken on your worldwide income and ability to make repayments. However, there are some lenders who will take potential rental income from Florida villas into account when deciding whether to lend you money. Otherwise you may need to find a buy-to-let mortgage to buy Florida villas with elsewhere.
Buy-to-let mortgages for Florida villas or other properties will normally be slightly more expensive as they are viewed as a higher risk. There is no direct tax relief when you buy Florida villas with a buy-to-let mortgage but you can offset interest payments against tax on expenses.
