Buy to let

If you're thinking of becoming a landlord, you'll need to apply for a buy to let mortgage. The buy to let mortgage market has changed a lot over the last few years and you'll generally need a larger deposit in order to get a mortgage.

Don't forget that if you are thinking of becoming a buy to let investor, your mortgage payments will still need to be paid whether or not you have a tenant in your property.

Be sure to carefully budget for your deposit and don't forget to set aside funds to cover additional costs such as arrangement fees, legal fees, survey fees, stamp duty, buildings and contents insurance and maintenance costs.

You also need to think about whether you can cope financially if your property isn't rented out immediately.

You can compare buy to let mortgages in our tables below.