Buy to let property purchases have become very popular over the last few years. Basically you purchase a property with the intention of renting the property to tenants. The rental income aims to cover the mortgage cost and maintenance costs, with the growth in the long term value of the property providing a profit.

There are many high street and specialist lenders who provide buy to let mortgages. Unlike residential mortgages personal income is not essential, with the mortgage amount often being based on the prospective rental income from the property. Lenders will lend up to a certain percentage of the loan to value with a buy to let mortgage with one lender offering upto 89%.

Depending on your circumstances you will have the choice of variable, discounted, fixed and tracker schemes.