Buy to Let

If you are buying your first property to let:

  • You may need a deposit of at least 10% of the purchase price
  • You may need a short hold tenancy rental agreement with your tenant
  • The rental normally required by lenders varies but typically it needs to cover 125% of the monthly repayment 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 could also arrange buildings and contents insurance to help protect your property.

RISK WARNING: Your home may be repossessed if you do not keep up repayments on your mortgage.

Orange frog Mortgages is a trading name of Oxford Mortgage Services Ltd which is authorised and regulated by the Financial Services Authority, number 438918. Some mortgage and insurance products may not be regulated by the Financial Services Authority. Orange Frog Mortgages is a trading name of Oxford Mortgage Services Ltd, Elms Court, Botley, Oxford, OX2 9LP. Registered Office: Avalon House, Abingdon, Oxon, OX14 1UD Registered No: 05392403