A Buy to Let mortgage is a type of mortgage that a landlord would get on a residential property that they intend to rent out. It could be a house or flat that someone would live in, or even a short term holiday let such as an Airbnb.
This means that you could be renting your property out to students, as social housing, or to tourists – you’d still need a Buy to Let mortgage.
It’s usually classed as a commercial loan as any money that you’d make from the property (i.e. rent) would be classed as business income. These mortgages aren’t regulated by the Financial Conduct Authority (FCA).
The exception? If you’re an accidental landlord looking to rent out your personal property (that you may have inherited or no longer need due to personal circumstances), you could qualify for a fully regulated Consumer Buy to Let mortgage instead.