01235 555028

Buy to Let

If you are buying your first property to let:

  • You may need a deposit of at least 25% of the purchase price
  • You may need a short hold tenancy rental agreement with your tenant
  • The rental normally required varies but typically it needs to cover 140% of the monthly interest amount for the mortgage taken.
  • There is no real limit to the number of properties purchased you simply must have sufficient rent to cover the mortgages.

Some points to note:

  • It may be advisable to have spare money for the general upkeep and maintenance of the property
  • You may wish to include within the rental agreement payment of the utilities and council tax by the tenant
  • We can also arrange Landlord’s Insurance to protect the buildings and contents of your property.

Call us now on 01235 555028 or email info@ofmortgages.co.uk

Thanks to the lovely Amanda from Orange Frog Mortgages who made owning my home a dream come true by making the process of finding a mortgage so easy. What wonderful friendly, professional service.

Tracey G

We had been told by previous advisors that we were unlikely to be able to get a mortgage, but Amanda found us a viable option. She was very easy to work with.

Faye W

Thank you so much for your advice and guidance. I was so impressed with the service you provide, its a great feeling to know I’m on a much better interest rate and have the appropriate cover. 🙂

Jessica – Abingdon