Welcome to BuyToLetConsult.co.uk.

Buy to Let Mortgages are mortgages which are specifically designed for people who want to buy a property to let it out to tenants. Buying to let can be a good investment as the revenue raised by the letting will pay for the maintenance of the property and the mortgage itself. Unfortunately like any investment, buy-to-let comes with no guarantees.

These days Buy To Let Mortgages are quite similar to normal mortgages although the interest rates will be slightly higher. The rental revenue will be taken into consideration and classed as income with regards to the buyer being able to meet mortgage payments.

If you are thinking about buying a house to let then you should do some home work first. If you are new to buy to let then this research will help you come to the right decision.

Research the market - Find out from a local letting agency what types of letting property are in demand and what the likely pitfalls will be. By doing your research and buying wisely you should be able to get a property that needs little maintenance and is attractive to tenants. The last think you want is buying a house to let and not being able to find any tenants. Research all the lenders and see what offers each has. An independent mortgage broker will be able to recommend mortgage arrangements. They can look at all the offers and find a mortgage which is totally suited to your needs.

Choose a good area - You need to choose an area where you think people would like to live. Everyone has different ideas of what makes a good town or place to live. For instance if you are a student you will want to be near public transport and local amenities. If you are looking for a family tenants then you should think about the schools in the area. The area doesn't have to be the dearest or cheapest but it should have lots of reasons for people wanted to live there.

Look at the costs - Looking at the costs is very important. Think about the costs of the property and the rent you are likely to get. Most Buy-To-Let Mortgages will want a 15% deposit. Look into what you intend to do it the property sits empty for a month or two. Could you still afford the mortgage repayments without any sitting tenants? If you have found a property you need to know what needs to be done to the property before it can be rented out.

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