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

Amanda, Thank you very much for all your hardwork and support in getting our mortgage agreed and completed. The move went smoothly, now time for unpacking and decorating.

Mr H & Miss S – Abingdon

Thank you for all of your help with our house over the last few months, we could not have done it without you.

Jenni and Ben – Swindon

I recently purchased my first property and Amanda was excellent. Despite my situation being slightly complex, Amanda provided extensive knowledge and was always very efficient and prompt with her responses. I will absolutely be going back to Amanda in future!

Immy