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With so many things for first-time landlords to think about, it can be overwhelming to know where to start.

What will the tenants be like and will they look after the property? Is the rent being charged at a competitive yet profitable rate? How much will it cost to maintain and repair the house? What rules and regulations do they need to be aware of? Have they made contingency plans in case of void periods?

There’s so much to take into consideration, it can be easy for those wanting to take their first step in the property market to overlook the first hurdle that must be overcome – securing the buy to let mortgage needed to make the purchase in the first place.

Buy to let mortgages can be tricky for first-time landlords to secure, especially if they don’t already have an existing residential mortgage.

These first-time buyer first-time landlords can face even more of a struggle, as many lenders won’t consider this type of borrower due to their lack of experience or because they’re an unknown quantity.

How ModaMortgages could help

If you’re approached by an aspiring first-time buyer first-time landlord, it can be difficult to know which direction to turn.

That’s where ModaMortgages could help. We offer clear up front criteria, quick processing and buy to let products for a variety of landlords, including those looking to take their first tentative step in the buy to let world.

Although we may be one the UK’s newest specialist lenders, I believe demonstrating this level of empathy, understanding and ability to underwrite these types of cases so early in our journey shows just how seriously we want to be taken as a lender.

It’s just another example of how we’re making buy to let smarter, faster and simpler for you and your aspiring landlord clients.

Our offering includes:

• 2 and 5 year fixed rate products available

• Rates from 3.49%

• Up to 75% LTV

• Employed, contractors and self-employed considered

To find out more about how we could help, take a look at our products guide.

If you’d prefer, simply pick up the phone and get in touch if you’ve got any questions or have a case you’re unsure about. A member of our sales team will be more than happy to help.

We’re looking forward to helping you with your first-time buyer first-time landlord cases!