The amount you can borrow depends on various factors, including your finances, credit score, and the property's rental potential. Most lenders offer between 75% and 85% loan-to-value (LTV), but the final figure is often based on a rental income calculation.

Typically, rental income must cover at least 125%, and sometimes up to 145%, of the mortgage repayments under the lender's stress test to ensure affordability.

Usually, you'll need a deposit of at least 25% of the property's value. Some lenders may accept 20%, but this is less common. Putting down a larger deposit often helps you access better interest rates and more mortgage options.

Mortgages with a 10% deposit are rare and typically available only through specialist lenders, subject to strict conditions. These loans tend to have higher interest rates and tougher checks. It's generally easier to get approval and better terms with a larger deposit.

Your interest rate depends on various factors, including your loan-to-value ratio, credit score, length of your mortgage, the overall market, and the type of loan you choose. A fixed-rate mortgage can provide certainty about your monthly payments for a set period, but might include early repayment charges if you exit the deal early.

• Interest-only: You pay just the interest each month, keeping your payments lower, but the original capital must be paid back at the end of the term, typically through a property sale or remortgage.
• Capital repayment: You pay both interest and part of the capital monthly, so the mortgage is fully repaid by the end of the term.
• Some lenders may allow switching between these repayment types during your mortgage term.