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

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

To Amanda,

Thank you for all your help with our mortgage application. We now have the keys to our home and are starting the (not so) fun job of decorating. We couldn’t have done it without your knowledge and expertise so thank you again. Daniel & Sophie x x

Daniel & Sophie – Abingdon

Thank you so much for all your help in helping us to buy our first home. We are finally all settled and couldn’t have done it without you!

Emma & James – Faringdon