How much deposit do I need for a Buy to Let?
Typically, you will need at least a 25% deposit if you're looking to purchase a Buy to Let property, though it can vary depending on the type of property you are buying, for example, some lenders might require you to put more of a deposit down if the property is a new-build.
When thinking about buying a Buy to Let property, you have to remember that it is an investment, and therefore the more cash you can put into the deal, the less your mortgage is going to cost you and the higher the potential profit is as a result.
It's all about leveraging your investment at an appropriate level and making sure that you have a comfortable amount of room between the value of the property and the size of your mortgage, this will help to minimise your risk of suffering a loss from unexpected costs like interest rate rises and will generally make it a little easier to turn a profit.
If you're thinking about buying a Buy to Let property but your deposit is close to the minimum requirements, consider whether it might be worth saving a little more before you invest.