That’s all very well to know, but what is the practical side of this? Well, the fact of the matter is that if you are unaware of the rates banks are charging in the first place, you are probably going to end up making a decision which is more expensive than it ought to be. This is where I should mention the website: ResidentialLandlord.co.uk. If you have absolutely no idea what the banks are charging, and are considering the possibility of buy to let mortgages – this website will surely help you out, and not only this but this website will also help you with your several other concerns e.g. landlords insurance and energy performance certificate etc.

Firstly, they have a specific page that lists all the current rates being offered by the financial institutions for these buy to let mortgages. This is useful in itself. On top of this though – the site is smart enough to provide a comparison of all the current rates – updated as the banks update them. Then, when you are ready to get in touch with a particular organisation – they even list the contact details for easy reference. Ingenious!