Mortgage Knowledge Base
The Mortgage Credit Directive Order 2015 defines a consumer buy-to-let (CBTL) mortgage contract as…
‘a buy-to-let mortgage contract which is not entered into by the borrower wholly or predominantly for the purpose of a business carried on, or intended to be carried on, by the borrower.’
A Consumer Buy to Let applicant is also described as an accidental landlord. For example, if you inherited a property and wanted to rent it out instead of selling it, or you moved into the house and wanted to keep one of your properties to rent out.
CBTL mortgages are regulated as residential mortgages and are aimed at ‘accidental’ or non-professional landlords.
