A buy to let mortgage is an initiative devised by the Association of Residential Letting Agents (ARLA) and supported by the leading mortgage lenders. It is designed to stimulate the growth of the private rented sector by encouraging private investors to take the opportunities given by low, highly competitive, interest rates and the reasonable certainty of sustained capital growth over the coming years. So it’s a mortgage that allows you to buy a property in order to let it out to a tenant. While it is possible to secure a residential mortgage for up to 100% of the purchase price of your home, buy to let mortgages are rarely available for greater than 85% of the purchase price. Many high street lenders offer buy to let mortgage schemes, some are suitable for the first time buyer, others may only be suitable for the experienced landlord. Some of the most competitive buy to let mortgage deals are only available through brokers/introducers. The reason for this is that buy to let lenders know that these introducers will present their cases to them in a manner in which they like. They allow the introducer to do what they perceive as difficult, ie selling the product or explaining how the buy to let mortgage process works. In this case the lender will take some administration and lend and do much else.