A buy to let mortgage is very ideal for landlords who are renting out their properties. This type of mortgage has the same rules as a regular mortgage but there are significant differences you would want to know. For instance, you can get a buy-to-let mortgage if you plan on investing in flats or houses. It’s also ideal for you if you are willing to take the risks that include in investing in this type of property. As mentioned before, buy to let mortgages are much like ordinary mortgages but with slight differences. One of those differences is their higher fees and higher interest rates. Buy to let mortgages usually have a minimum deposit of 25% of the market value of the property. Moreover, most of this type of mortgages is only interest. If you want to invest in a buy to let property, it goes to say you would want to know the most recommended bank to get a buy to let mortgage. Based on today’s market, the cheapest and most recommended bank to get a buy to let mortgage is Virgin Money. For someone planning to purchase a property at £250,000 with a £100,000 and interest-only purchase mortgage, Virgin Money is is the best bank. The bank has a 1.55% over base rate tracker with £709 for fees. In the three years of repayment, the borrower can then pay at 4.74%. With these rates, the average yearly cost for the mortgage would be £3 055 and the monthly payment would be £225. Besides Virgin Money Bank, other recommended banks include Platform, Godiva Mortgages, and Leeds Building Society.