Planning to cash in on a buy to let and need a mortage?

Buy-to-let is booming in the UK as an increasing number of people use property as a means of investment.

For many an outright property purchase is not possible, which has led to the expansion of the buy to let mortgage sector. There are now more products on offer at lower rates than ever before.

When searching the market for a deal to fund your investment you can go for a fixed, tracker or interest only, which you choose depends on your financial needs.

If you need help deciding which product would be best call us at Deal Direct on 0800 048 8828.

The good news for investors is buy to let rates have fallen and there are many competitive deals available.

With a buy to let a lender will take the rent as the primary source of income, some lenders will also take into account your personal income.

Typically the prospective rental income must meet a minimum 125% of the monthly mortgage repayments. The reason for this is to ensure you can meet your repayments during void periods when the property is not let.

If you want to discuss a buy to let mortgage to find out how much you can borrow, call us at Deal Direct and speak to an adviser. We offer an independent 'whole of market' mortgage search and impartial advice.

We can advise you which mortgage product is best suited to your needs but we cannot advise you as to the suitability of property as an investment. For that you will need to contact an independent financial adviser.

• Please note that not all buy to let deals are regulated by the FCA.

For more help finding the right mortgage call an adviser on 0800 048 8828.