We were approached by a homeowner who was looking for help in finding finance to purchase her first buy to let - a 2-bed terraced house in a strong location rental location.

She owns her own home and works as a locum pharmacist. Her income stream was a sticking point for many lenders because it is not necessarily guaranteed, so we approached a lender that was happy to look at her circumstances and overall affordability.

The lender offered the following terms:

Property value: £105,000

Loan amount: £78,750

Loan to value: 75%

Rate: 3.59% 2 year fixed

Term: 25 years interest only

Mortgage payment: £236 pcm

Rental income: £500 pcm

Gross yield: 5.7% pa

Lender arrangement fee: 0.5% of loan amount (£394)

Consultant Mortgage Broker: Andy McOwat

Consultant tel: 01625 416396