Buy to Let Mortgages - Cheap Mortgage Deals

Buying a property to let has become increasingly popular. It used to be difficult to secure a Buy to Let mortgage in the past due to the fact that only a few lenders were offering the product.

There was a time when the total number of lenders offering the product could literally be counted on one hand. Now there are products offered by most high street banks and building societies.

The deposit needs to be larger than for a standard homebuyer's mortgage, typically 15 - 20 per cent but it is a process which has led to many sound property investments.

In the UK the amount of landlords has increased to record highs as investors choose property as opposed to shares. Although there are tax implications to becoming a landlord, there are also tax breaks. Interest only mortgages are popular as the cost is less prohibitive and landlords in for the long term are looking to the rise in property prices for their main revenue stream.

The majority of landlords are buying flats with two bedrooms being the most cost effective. In general the rental income must be 125% of the interest only payments of your mortgage, although some lenders will insist on at least 130%.