CONTENTS: INTRODUCTION, 1 - THE FORMULA, 2 - THE INITIAL INVESTMENT, 3 - FINDING THE RIGHT BUY-TO-LET MORTGAGE, 4 - FINDING THE RIGHT PROPERTY, 5 - FINDING THE RIGHT TENANT, 6 - EXPANDING YOUR PORTFOLIO, 7 - TAX, 8 - LEGAL ASPECTS, 9 - REFERENCE CHAPTER

In this chapter you will find all the addresses, phone numbers and web sites you will ever need to get started in property investment. This chapter covers:

i) 100 per cent LTV mortgage providers

ii) List of buy-to-let mortgage providers

iii) List of property web sites

iv) Mortgage brokers

v) List of accommodation projects

vi) List of hotspots

vii) List of freephone/lo-call providers

viii) List of credit checking agencies

ix) Guaranteed rent & maintenance providers

x) Letting agents

xi) Management software providers

Local newspapers

i) 100 per cent mortgage providers

100 per cent mortgage providers can fund the whole purchase price of a property. Some providers below also refund the valuation and legal fees.

Lender:	Royal Bank of Scotland
Tel:	0800 121121
Arrangement fee:	Nil
Valuation/legal fee refunds:	N/A
Cashback:	Nil
Early redemption penalty:	3% until 01/01/2004 then 2% until 01/01/2005
Mortgage indemnity premium:	Applied above 90%
Conditional insurances:	N/A
How much you can borrow:	Single income: 3.25 times Joint incomes: 3.25 times main income plus 1 times second income or 2.75 x joint income
Notes:	2% discount. Lender charges interest on a daily basis. Free accident, sickness and unemployment cover for 3 months. Higher income multiples for professionals.

Lender:	Bank of Scotland
Tel:	0845 3060032
Arrangement fee:	£300.00
Valuation/legal fee refunds:	N/A
Cashback:	Nil
Early redemption penalty:	Repay discount received within 3 years thereafter £150
Mortgage indemnity premium:	Applied above 75%
Conditional insurances:	N/A
How much you can borrow:	Single income: 3.25 times Joint incomes: 3.25 times main income plus 1 times second income or 2.75 x joint income
Notes:	1% discount. Higher income multiples for professionals.

Lender:	NatWest
Tel:	0800 400999
Internet:	http://www.natwest.co.uk
Arrangement fee:	Nil
Valuation/legal fee refunds:	N/A
Cashback:	Nil
Early redemption penalty:	None
Mortgage indemnity premium:	Applied above 90%
Conditional insurances:	N/A
How much you can borrow:	Single income: 3.25 times Joint incomes: 3.25 times main income plus 1 times second income or 2.75 x joint income
Notes:	Will not lend in Northern Ireland. 1% discount.

Lender:	Scottish Widows Bank
Tel:	0845 8450829
Arrangement Fee:	Nil
Valuation/legal fee refunds:	Valuation fees refunded - maximum £250 Legal fees refunded - maximum £150
Cashback:	Nil
Early redemption penalty:	Legal and valuation fees reclaimed within 3 years
Mortgage indemnity premium:	N/A
Conditional insurances:	N/A
How much you can borrow:	Single income: 4 times Joint incomes: 4 times main income plus 1 times second income or 3 x joint income
Notes:	Will not lend in Northern Ireland. Cheque book facility available. Available only to Medical Doctors, Dentists, Accountants, Teachers, Optometrists and Solicitors. Payment holidays allowed. Lender charges interest on a daily basis. Not available for remortgages. Professional Mortgage: Lending available up to 110% LTV, additional 10% is on unsecured basis over a maximum 10-year period.

Lender:	Northern Rock
Tel:	0845 6050500
Internet:	http://www.northernrock.co.uk
Arrangement fee:	£395.00
Valuation/legal fee refunds:	N/A
Cashback:	£500.00
Early redemption penalty:	Repay cashback within 2 years in full and half within year 3
Mortgage indemnity premium:	N/A
Conditional insurances:	N/A
How much you can borrow:	Single income: 3.25 times Joint incomes: 3.25 times main income plus 1 times second income or 2.6 x joint income.
Notes:	Will not lend in Northern Ireland. Free accident, sickness and unemployment cover for 6 months. Scheme allows 75% mortgage secured against the property and up to 30% unsecured. Lender charges interest on a daily basis. Credit Card can be applied for after 6 months with guaranteed spend of £5,000 and set at Company's Standard variable rate, currently 6.30%. Rate guaranteed to remain below the rate of the 90% tier of the together variable rate (currently 5.59%). Not available for remortgages. Lower arrangement fee applies for existing customers not moving home. Ability to overpay, underpay and take payment holidays.

Lender:	Mortgage Express
Tel:	0500 212854
Arrangement Fee:	£325.00
Valuation/legal fee refunds:	N/A
Cashback:	Nil
Early redemption penalty:	3 Months interest within 1 year
Mortgage indemnity premium:	N/A
Conditional insurances:	N/A
How much you can borrow:	Single income: 3.25 times Joint incomes: 3.25 times main income plus 1 times second income or 2.75 x joint income.
Notes:	Will not lend in Northern Ireland. Scheme is Bank of England base rate (currently 4.00%) plus 2% with a 0.50% discount for life of mortgage. Ability to overpay, underpay and take payment holidays.

Lender:	Yorkshire Building Society
Tel:	0845 1 200 100
Internet:	http://www.ybs.co.uk
Email:	Dept_Callcentre@ybs.co.uk
Arrangement fee:	Nil
Valuation/legal fee refunds:	N/A
Cashback:	Nil
Early redemption penalty:	None
Mortgage indemnity premium:	Applied above 90%
Conditional insurances:	N/A
How much you can borrow:	Single income: 3 times Joint incomes: 3 times main income plus 2 times second income or 0 x joint income.
Notes:	Scheme is standard variable rate (currently 5.45%) plus 0.25% for term. Minimum age 25. Lender charges interest on a daily basis. Enhanced income multiples available for purchase (not first time buyers) for those aged over 40, refer to lender for details. Free mortgage payment protection insurance for first 6 months. Ability to overpay, underpay and take payment holidays. Not available for remortgages.

Lender:	Freedom Finance Mortgage & Loans Ltd.
Tel:	01625 416000
Email:	office@Freedommortgage.co.uk
Arrangement fee:	£299.00
Valuation/legal fee refunds:	N/A
Cashback:	Nil
How much you can borrow:	Single income: 3 times Joint incomes: 3 times main income plus 1 times second income or 2.5 x joint income
Notes:	Will not lend in Northern Ireland. Product only available via Freedom Finance Mortgage & Loans Ltd. who may charge additional fees.

Lender:	Leeds & Holbeck
Tel:	08000 725726
Internet:	http://www.leeds-holbeck.co.uk
Email:	info@leeds-holbeck.co.uk
Arrangement fee:	Nil
Valuation/legal fee refunds:	N/A
Cashback:	£250.00
Early redemption penalty:	6 months at Standard Variable Rate
Mortgage indemnity premium:	N/A
Conditional insurances:	Contents Buildings
How much you can borrow:	Single income: 3 times Joint incomes: 3 times main income plus 1 times second income or 2.5 x joint income.
Notes:	Enhanced income multiples available for lower loan to values. Enhanced income multiples also available for professional occupations, (refer to lender), to 90% loan to value. 0.24% Loading if lender's buildings and contents not taken until 01/04/2005. Free mortgage payment protection for 6 months is available; refer to lender for full details.

Lender:	Sainsburys Bank
Tel:	0500 700600
Valuation/legal fee refunds:	N/A
Cashback:	Nil
Early redemption penalty:	6 months
Mortgage indemnity premium:	Applied above 90%
Conditional insurances:	N/A
How much you can borrow:	Single income: 3 times Joint incomes: 3 times main income plus 1 times second income or 2.5 x joint income
Notes:	Lender charges interest on a daily basis.

Lender:	Cheltenham & Gloucester
Tel:	0800 272131
Internet:	http://www.moneynet.co.uk/cheltglosjump.htm
Email:	enquiries@cgdirect.demon.co.uk
Valuation/legal fee refunds:	Valuation fees refunded
Cashback:	Nil
Early redemption penalty:	2% until 30/04/2003 then 1% until 30/04/2004
Mortgage indemnity premium:	N/A
Conditional insurances:	N/A
How much you can borrow:	Single income: 3 times Joint incomes: 3 times main income plus 1 times second income or 2.5 x joint income.
Notes:	Will not lend in Northern Ireland. Also available with builders deposit scheme, Right to Buy Local Authority and Housing Association schemes. Arrangement fee paid by lender for existing C&G, Lloyds Bank and TSB mortgage customers moving home (England & Wales only).

Lender:	Nationwide
Tel:	0800 302010
Arrangement fee:	Nil
Valuation/legal fee refunds:	Valuation fees refunded
Cashback:	Nil
Early redemption penalty:	None
Mortgage indemnity premium:	N/A
Conditional insurances:	N/A
How much you can borrow:	Single income: 3.25 times Joint incomes: 3.25 times main income plus 1 times second income or 2.75 x joint income
Notes:	CAT standards apply. Lender will use affordability calculation to calculate potential loan size - refer to lender for details. Lender charges interest on a daily basis. Rate capped at 0.50% above Base mortgage rate (currently 5.24%) and guaranteed to be no more than 2% above Bank of England Base rate (currently 4.00%). Ability to overpay, underpay and take payment holidays

ii) Buy-to-let mortgage providers

If you wish to approach a lender direct then you can refer to this list. The mortgage companies listed below will fund anywhere between 50 per cent to 85 per cent of the purchase price of an investment residential property. Some of these lenders require that you are employed or earning in excess of a certain limit. I have listed them in descending LTVs. Thus the higher up the list your choice of lender is the greater the buying power you have.

85 per cent LTV

Lender:	Bristol & West
Tel:	0845 300 8000
Internet:	http://www.bristol-west.co.uk
Email:
Arrangement fee:	Nil
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England and Wales
Notes:	1. Minimum valuation of any property: £30,000. 2. DSS tenants are allowed. 3. No first time buyers. 4. Anticipated rent must be greater, or equal to, 125% of interest payment based on 9% charge rate. 5. Minimum income of £15,000 required. 6. Maximum of five properties per applicant allowed, total borrowing of £500,000. 7. Borrowers must be over 25. 8. Ability to overpay, underpay and take payment holidays. 9. Scheme is Bank of England base rate (currently 4.00%) plus 0.25%. 10. Booking fee of £399 is payable. 11. Employed applicants: Last months payslip and employers reference. 12. Self-employed applicants: Agreed tax assessments from the latest year, latest year audited accounts, prepared by a chartered, certified, or authorised public accountant. A letter from a chartered, certified or authorised public accountant confirming the applicants salary or share of profit.

Lender:	Paragon
Tel:	0800 375777
Internet:	http://www.paragon-mortgages.co.uk
Email:	mortgages@paragon-group.co.uk
Arrangement fee:	£500.00
Repayment options:	Any
Life insurance required:	Yes
Acceptable areas:	England, Wales and Scotland allowed
Notes:	1. Minimum valuation of any property: £33,333. 2. Minimum lease allowed: 40 years on maturity of mortgage. 3. Up to 50% of the rental income may be added to applicant’s income, provided this does not exceed 20% of individual’s total income. Although for more than one property lending different rules apply. 4. DSS, council or student tenants allowed. 5. No ex -local authority, studio or shared ownership properties allowed. 6. Will lend to limited companies. 7. Arrangement fee of between £200-£1,000 charged depending on circumstances. 8. Lender allows non-status lending, usually to 65%, at a higher rate. 9. Scheme is a LIBOR linked plus 0.75% in the first year, and 1.75% thereafter. 10.Lender offers a free switch at any time to one of its new fixed or capped rates for applicants who have taken either the variable or LIBOR linked tares. 11. No up front valuation fees. 12. Will consider single property divided into maximum 20 units, minimum valuation £100,000. 13. Will consider single property divided into maximum 10 units, minimum valuation £50,000. 14. Minimum age of applicants 21.

Lender:	Birmingham Midshires
Tel:	01902 302591
Internet:	http://www.bm-solutions.co.uk
Email:	Lending@birminghammidshires.co.uk
Arrangement fee:	£299.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:
Notes:	1. Minimum valuation: £40,000 (£75,000 in London). 2. Limit of 10 buy-to-let properties per borrower up to a limit of £100,000. 3. Rental income can be used if 125% of monthly mortgage payments. 4. Holiday lets acceptable. 5. Multiple lets including student lets are not acceptable. 6. Refer to lender for terms for expatriates. 7. Intermediary only. 8. Lender will allow 1 satisfied CCJ and arrears of £250 registered within the last 2 years. 9. 0.76% discount. 10. Minimum declared income £10,000 p/a.

Lender:	Freedom Finance Mortgage & Loans Ltd.
Tel:	01625 416000
Internet:	http://www.FreedomFinance.co.uk
Email:
Arrangement fee:	£500.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England, Scotland, Wales and Northern Ireland.
Notes:	1. Rental income must exceed 130% of mortgage repayments. 2. Up to 10 properties allowed (£250,000 per property). 3. Bank of England base rate (currently 4.00%) plus 2%. 4. Arrangement fee is 1% of loan.

Lender:	Future Mortgages
Tel:	0800 389 1221
Internet:	http://www.future-mortgages.co.uk
Email:	sales@future-mortgage.co.uk
Arrangement fee:	£149.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England, Wales and Scotland.
Notes:	1.Minimum valuation of any property: £50,000 for London postcodes and £20,000 for other areas. 2.Minimum lease allowed: 25 years on maturity of mortgage. 3. Lending will be based on rental income being 1.25 X the gross monthly payment. 4.Loans above £200,001 charged an additional 0.5% on the interest rate and 1% for loans below £25,001. 5.Lender charges an additional fee of £295 which is added to the loan on completion. 6.Lender requires a specialist letting report to be undertaken with cost of £50 being met by applicant. 7. Rate is LIBOR (currently 4.00%) plus a minimum of a 3% loading. 8. Lender will allow adverse credit - CCJ'S, any number to £3,000 and arrears of 3 months in last 12 months (none in last 3 months). 9. Maximum of 5 loans (4 rental and primary residence) total £500,000. 10. Discharged bankrupts allowed within last 6 months but must provide last 3 months bank statements.

80 per cent LTV

Lender:	UKCFG**
Tel:	01732 763660
Email:	sevenoaks@mortgagesforbusiness.co.uk
Arrangement fee:	£500.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England, Wales and Scotland allowed
Notes:	1.Minimum valuation of any property: £62,500. 2.Minimum lease allowed: 25 years on maturity of mortgage. 3.Gross rental income to exceed mortgage payment by 30%. 4. DSS, council or student tenants not allowed. 5. No ex -local authority, studio or bedsit property allowed. 6. Product only available via UKCommercial Funding Group members who are accredited to the NACFB and may charge additional fees. 7. Rate reverts to Bank of England base rate (currently 4.00%) plus 1.50% for loans up to 75% and plus 1.75% for loans up to 80%. 8. Unlimited number of properties to maximum £1million total loans.

Lender:	Chelsea
Tel:	0800 291291
Internet:
Email:
Arrangement fee:	£440.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:
Notes:	1. Scheme is standard variable rate (currently 5.69%) plus 0.25% with 2.00% discount for 6 months. 2. Anticipated rent must be greater, or equal to, 125% of interest payment based on standard variable rate. 3. Maximum of five properties per applicant allowed, total borrowing of £500,000. 4. Property must be self-contained and have no more than five bedrooms and no more than one kitchen. 5. The letting must be on the basis of a single letting on the entire property and be on an Assured Shorthold Tenancy. The term of the letting must be for no longer than 6 months. The property must be either vacant or have a pre-existing Assured Shorthold tenancy subject to a maximum tenancy of 6 months.

Lender:	Coventry
Tel:	0845 766 5522
Internet:	http://www.coventrybuildingsociety.co.uk
Email:	csc@coventrybuildingsociety.co.uk
Arrangement fee:	£400.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England, Wales and Main Land Scotland
Notes:	1. Property must be let on an assured shorthold tenancy. 2. Not available to companies or partnerships. 3. Minimum annual income for main earner is £25,000. 4. Employed applicants must be in permanent employment and have been so continuously for 12 months. 5. Self-employed verified via last two years accounts. 6. Flats in block of no more then 5 storeys allowed, maximum loan 75%. 7. Applicant must be aged 25 years or above. 8. Monthly rental must be at least 130% of monthly mortgage interest. 9. No studio flats or converted for multi-occupancy properties or student lets. 10. Maximum of 4 properties allowed, maximum loan of £500,000. 11.Discounted legal fees for remortgages, the £285 fee will be added on completion. 12. 1.50% discount.

Lender:	Scottish Building Society
Tel:	0131 220 1111
Internet:
Email:
Arrangement fee:	Nil
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	Scotland
Notes:	1.1% discount. 2. Maximum of three properties per applicant allowed. 3. Maximum total borrowing must not exceed £250,000. 4. Total borrowing should not be more than 3 times prime income plus 50% of rental income plus second income or 2.5 times joint plus 50% of rental income. 5. Maximum term 40 years. 6. Available on these terms to customers based in Scotland. 7. Flexible options, ability to make over and under payments and payment holidays.

Lender:	Britannic Money Plc.
Tel:	01372 737737
Internet:	http://www.britannicmoney.com
Email:	info@britannicmoney.com
Arrangement fee:	£500.00
Repayment options:	Any
Life insurance required:	Yes
Acceptable areas:	National coverage.
Notes:	1. Minimum valuation of any property; £40,000. 2. Minimum lease allowed 30 years on maturity of mortgage. 3. Minimum fee charged £500. 4. Applicants must be residential homeowners (minimum 1 year). 5. The rental income must be at least equal to 130% of the monthly payment as calculated at the charging rate. 6. DSS, council or student tenants not allowed. 7. Curriculum Vitae required on all applicants. 8. Lender may advance more than normal maximum if a suitable investment policy with a surrender value can be assigned. 9. Rate charged is LIBOR plus 1.40% loading. 10. Now available to UK ex-pats at 70%. 11.Lender also offers self- certification of income facility to 80% LTV. 12. 0.75% discount for 2 years. 13. Refer to lender to consider multiple properties, Portfolio Cases Only, up to £1 million at 80% loan to value and above £1 million by negotiation.

Lender:	Legal & General Bank
Tel:	0500 666555
Internet:	http://www.landg.com
Email:
Arrangement fee:	£150.00
Repayment options:	Interest only
Life insurance required:	Yes
Acceptable areas:	Fully national
Notes:	1. Minimum valuation of any property: £35,000. 2. Minimum lease allowed: 50 years on maturity of mortgage. 3. DSS and council not considered. 4. Scheme is 1%, 0.75%, then 0.50% discount in year 3. 5. Minimum annual gross income £15,000. 6. Rental income to be a minimum of 130% of mortgage repayments. 7. Minimum age of applicants 25. 8. No first time buyers, i.e. must have main residential mortgage. 9. Overpayments and draw down facility. 10. £400 cashback. 11. Free valuation. 12. Lettings to student tenants allowed providing there are no more then five bedrooms and no more then seven tenants.

Lender:	Scarborough
Tel:	08705 133149
Internet:	http://www.scarboroughbs.co.uk
Email:
Arrangement fee:	£325.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England and Wales
Notes:	1. Will not lend in Scotland or Northern Ireland. 2. 1.04% discount. 3. Income multiples 3 x main, plus 1 x second or 2.5 x joint income, also up to 50% of rental income on a stand alone basis. 4. 1 property maximum. 5. Minimum age of applicant 18. 6. Minimum valuation: £50,000. 7. Capital Raising criteria for those applicants between 55 and 80, maximum 60% loan to value, minimum valuation: £50,000, maximum term: 25 years and maximum age at maturity: 80.

Lender:	Verso
Tel:	0845 8 403020
Internet:
Email:
Arrangement fee:	£500.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England, Wales and Scotland.
Notes:	1. Minimum valuation of any property: £30,000. 2. Multiple properties allowed, maximum loan based on each property not on total of portfolio. 3. Minimum age: 21. 4. Rental income to equal 125% of amount of mortgage calculated at 7%. 5. DSS, council, company lets, tenants with diplomatic immunity and multi-let properties not allowed. 6.Only available through brokers. 7. Arrangement fee 1% of advance (minimum £500). 8. Assured shorthold tenancy for a maximum of 12 months. 9. Only 1 tenancy per property. 10. Applicants must be UK or EU nationals, resident and employed in the UK. 11. Verso may insist on the appointment of a suitably qualified letting agent. 12. Bank of England base rate (currently 4.00%) plus 0.98%.

Lender:	UCB Home Loans
Tel:	0645 401400
Internet:	http://www.ucb.co.uk
Email:
Arrangement fee:	£495.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:
Notes:	1. Scheme is Bank of England base rate (currently 4.00%) plus 1.99% with a 1% discount for three years. 2. DSS, council or student tenants not allowed. 3. Income can be based on both personal and rental income. 4. Self-certification applicants welcome. 5. Applicants can borrow up to 3.25 + 1 times income or 2.75 joint plus up to 6.5 times annual rental income if intending to let. 6. Purchase 2 properties in addition to main residence. 7. Main residence can be remortgaged to raise capital.

Lender:	West Bromwich
Tel:	0121 580 6404
Internet:	http://www.westbrom.co.uk
Email:
Arrangement fee:	£295.00
Repayment options:	Any
Life insurance required:	Yes
Acceptable areas:	National coverage
Notes:	1. Minimum valuation of any property: £35,000. 2. Minimum lease allowed: 40 years on maturity of mortgage. 3. No ex-local authority or pre-1920 terraced property allowed. 4. DSS or council tenants not allowed. 5. Rent guarantee policy may be required. 6. Maximum of three properties allowed. 7. Rental income to be 150% of mortgage repayment. 8. 0.75% discount. 9. Capital repayments up to 10% allowed each year without penalty.

Lender:	NewWorld
Tel:	0845 845 4455
Internet:	http://www.mynewworld.com
Email:
Arrangement fee:	£500.00
Repayment options:	Interest Only
Life insurance required:	No
Acceptable areas:	England & Wales
Notes:	1. Maximum loan (over £500,000) will be based on affordability. 2. Up to 75% of gross rental income allowed. 3. Property exclusions, flying freehold, freehold flats, vacant land and shared ownership schemes. 4. UK residents over 18 years old. 5. Self-employed you will need 3 years statements of trading profits certified by accountant. 6. Single or multiple borrowers (maximum of 4). 7. The capped rate detailed is the maximum amount you will pay under this scheme. Payments are calculated on the introductory rate or the standard variable rate, whichever is the lower. 8. Scheme is capped at 6.99%. 9. Booking fee of £295 applies.

Lender:	Capital Home Loans
Tel:	020 7624 5118
Internet:	http://www.chlmortgages.co.uk/
Email:
Arrangement fee:	£500.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	Mainland England, Wales and Northern Ireland
Notes:	1. Minimum valuation of any property: £40,000 (minimum of £50,000 for one-bedroom flats/maisonettes). 2. Minimum lease allowed, 35 years on maturity of mortgage. 3. Minimum arrangement fee: £300. 4. Applicants must be resident and paying UK tax for a minimum of 3 years. 5. Applicants must be existing home owners with an outstanding mortgage or be a limited company /property developer/commercial landlord. 6. Rental income must be at least 150% of the mortgage interest. 7. DSS, council or student tenants not allowed. 8. Loans over £637,500 by negotiation. 9. Scheme is Bank of England base rate (currently 4.00%) plus 1.24%.

Lender:	Irish Permanent
Tel:	0208 748 0258
Internet:	http://www.chlmortgages.co.uk
Email:
Arrangement fee:	£500.00
Repayment options:	Any
Life Insurance required:	No
Acceptable areas:	Mainland England, Wales and Northern Ireland.
Notes:	1. Minimum valuation of any property: £40,000 (minimum of £50,000 for one-bedroom flats/maisonettes). 2. Minimum lease allowed, 35 years on maturity of mortgage. 3. Minimum arrangement fee: £300. 4. Applicants must be resident and paying UK tax for a minimum of 3 years. 5. Applicants must be existing home owners with an outstanding mortgage or be a limited company /property developer/commercial landlord. 6. Rental income must be at least 150% of the mortgage interest. 7. DSS, council or student tenants not allowed. 8. Loans over £637,500 by negotiation. 9. Scheme is Bank of England base rate (currently 4.00%) plus 1.24%.

Lender:	Royal Bank of Scotland
Tel:	0800 121121
Internet:	http://www.royalbankscot.co.uk
Email:
Arrangement fee:	£250.00
Repayment options:	Any
Life insurance required:	Yes
Acceptable areas:	Nationwide
Notes:	1. Maximum of two properties per applicant allowed. 2. Maximum total value £1million. 3. Minimum fee is 0.5% plus £295. 4. Rental income must exceed 130% of mortgage repayments. 5. Lender will use affordability calculation to calculate potential loan size, refer to lender for details. 6. Ability to overpay and take payment holidays. 7. DSS or council tenants not allowed. 8. Maximum term of 25 years.

Lender:	Skipton
Tel:	01756 705000
Internet:	http://www.skipton.co.uk
Email:
Arrangement fee:	£125.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England, Wales and Scotland
Notes:	1. Minimum valuation of any property: £40,000. 2. Minimum lease allowed: 50 years on maturity of the mortgage. 3. Minimum income or profit (before tax) must be £20,000 for main applicant, and the expected rental income must cover the mortgage interest by 1.5 times. 4. DSS or council tenants not allowed. 5. 0.30% discount. 6. Lender charges interest on a daily basis. 7. Applicant must be a current homeowner. 8. Interest calculated daily. 9. Maximum of 3 properties. 10. Capital raising allowed to fund other buy-to-let purchases. 11. Guarantors allowed with prior approval.

Lender:	Mortgage Express
Tel:	0500 111130
Internet:	http://www.mortgage-express.co.uk
Email:	arla@mortgage-express.co.uk
Arrangement fee:	£325.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	National coverage.
Notes:	1.Minimum valuation allowed: £33,333. 2.Minimum lease allowed: 25 years on maturity of the mortgage. 3.DSS, council or student tenants not allowed. 4.Applicants must have income, outside of rental income of at least £20,000. However, the ability to repay the mortgage is based on the fact that the rental income must be at least 130% of the mortgage payment. 5. Lender offers facility to overpay and then draw down funds as required. 6. Rate charged is linked to Bank of England base rate (currently 4.00%) plus a loading of 1.50%. 7. Lender offers a non-status facility to all applicants at either 50%, 60% or 70% of the property value/price with a loading to the above rate. 8. Letting assessment fee of £60 will be made.

Lender:	Sainsburys Bank
Tel:	0500 700600
Internet:	http://www.sainsburys.co.uk
Email:
Arrangement fee:	£250.00
Repayment options:	Any
Life insurance required:	Yes
Acceptable areas:	Fully national
Notes:	1. Minimum valuation of any property: £60,000. 2. Minimum lease allowed: 50 years on maturity of mortgage. 3. DSS, council, company or student tenants not considered. 4. Rate is Bank of England base rate (currently 4.00%) plus 1.50%. 5. The lender will use an affordability calculation based on the anticipated rental income. 6. Gross annual rental income must equate to at least 10% of the loan amount. 7. Maximum of 65% for non-UK residents. 8. Maximum of five properties allowed, 30% required for each property purchased. 9. Applicants must own and reside in own property (i.e. no first time buyers). 10. Maximum amount: £350,000 per customer.

Lender:	Scottish Widows
Tel:	0845 8450829
Internet:	http://www.scottishwidows.co.uk
Email:
Arrangement fee:	£250.00
Repayment options:	Any
Life insurance required:	Yes
Acceptable areas:	Fully national
Notes:	1. Minimum valuation of any property: £37,500. 2. Minimum lease allowed: 30 years on maturity of mortgage. 3. DSS tenants not allowed. 4. Interest is charged on a daily basis, so the scheme is flexible and allows overpayments and draw down of funds. 5. Confirmation to be received that applicant is not solely reliant on rental income; non-property related income must be £15,000 p.a. or more. 6. Monthly rental income should be at least 130% of monthly payments. 7. Minimum age of applicants is 21. 8. Maximum of three properties. 9. Interest only loans up to 70% allowed where residential mortgage already held or is being transferred to Scottish Widows Bank. 10. Bank of England base rate (currently 4.00%) plus 1.50%.

Lender:	Clydesdale Bank
Tel:	0800 419000
Internet:	http://www.cbonline.co.uk
Email:
Arrangement fee:	£500.00
Repayment options:	Interest only
Life insurance required:	No
Acceptable areas:	England, Scotland & Wales
Notes:	1. Minimum valuation of any property: £12,500. 2. Minimum lease allowed: 6 months. 3. The lender will use an affordability calculation based on the anticipated rental income. 4. Minimum arrangement fee of £100. 5. Maximum of three properties per applicant allowed. 6. Booking fee: £200.

Lender:	Yorkshire Bank
Tel:	0800 202122
Internet:	http://www.ybonline.co.uk
Email:
Arrangement fee:	£500.00
Repayment options:	Capital and Interest
Life Insurance required:	No
Acceptable areas:	England & Wales
Notes:	1. Minimum valuation of any property: £12,500. 2. Minimum lease allowed: 6 months. 3. The lender will use an affordability calculation based on the anticipated rental income. 4. Minimum arrangement fee of £100. 5. Maximum of three properties per applicant allowed. 6. Booking fee: £100.

Lender:	Manchester
Tel:	0161 833 8885
Internet:	http://www.themanchester.co.uk
Email:	info@themanchester.co.uk
Arrangement fee:	£150.00
Repayment options:	Any
Life insurance required:	Yes
Acceptable areas:	England, Wales
Notes:	1. Minimum valuation of any property: £50,000. 2. Minimum lease allowed: 50 years on maturity of mortgage. 3. DSS, council or student tenants are not allowed. 4. Arrangement fee waived if building insurance taken from lender. 5. Building insurance is compulsory in the first three years. If taken from society then arrangement fee is not charged. 6. The mortgage size will be limited to a maximum of six times the annual rental income. 7. Mortgage indemnity is charged on loans above 75%. Call lender for details.

Lender:	Cheshire
Tel:	0345 550555
Internet:	http://www.cheshirebs.co.uk
Email:
Arrangement fee:	£295.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England (including Isle of Wight) and Wales
Notes:	1. DSS, students, and multiple tenants are not allowed. 2. Maximum of 3 properties. 3. The gross assured monthly rental income is to be at least 125% of the monthly mortgage payments based on Capital and Interest Standard Variable Rate. 4. Applicants must already own and occupy their own property. 5. Applicants’ minimum income must be at least £20,000 (joint £30,000). 6.Applicants’ minimum age is 25. 7. Loans over £250,000 by negotiation with lender. 8. Arrangement fee on loans above £100,000 up to £250,000 is £350 over £250,000 by negotiation. 9. Compulsory buildings insurance will be arranged for 3 years. 10. If property has been converted into individual flats then maximum number of flats is three, minimum loan £30,000 per flat. 11. Free valuation.

Lender:	Ipswich Building Society *
Tel:	01473 213110
Internet:	http://www.ipswich-bs.co.uk
Email:	enquries@ipswichbuildingsociety.co.uk
Arrangement fee:	£195.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England and Wales only
Notes:	1. Minimum lease allowed: 30 years on maturity of the mortgage. 2. DSS, council or student tenants not allowed. 3. Monthly rental income must be at least 130% of monthly interest repayment. 4. Free valuation for existing members. 5. Up to 4 properties considered. 6. Properties must not be in multiple occupancy. 7. Letting must be on an unfurnished basis. 8. Lettings must not be to a company or business. 9. Assignment of the rental income is required.

Lender:	First Trust Bank
Tel:	01232 325599
Internet:	http://www.firsttrustbank.co.uk
Email:
Arrangement fee:	£295.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	Northern Ireland
Notes:	1. Scheme is Bank of England base rate (currently 4.00%) plus 1.75%. 2. Maximum term 20 years. 3. Maximum 3 properties per customer. 4. Properties in Northern Ireland only. 5. Income based on 3, 1 or 2.5 joint plus 50% of rental income. 6. Lender charges interest on a daily basis.

Lender:	Leeds & Holbeck
Tel:	0113 225 7777
Internet:	http://www.leeds-holbeck.co.uk
Email:
Arrangement fee:	£399.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	Fully national
Notes:	1. Minimum valuation of any property: £50,000 (£85,000 London postcodes and £70,000 for South East postcodes). 2. Rental income to be 130% of monthly mortgage payment calculated on an interest only basis. 3. Portfolio of three properties allowed. 4. Capital repayments up to 10% allowed each year without penalty.

Lender:	National Counties
Tel:	01372 742211
Internet:	http://www.ncbs.co.uk
Email:
Arrangement fee:	£495.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England and Wales and within predominantly residential areas
Notes:	1. Minimum valuation of any property: £55,000 for flats/maisonettes and £80,000 for houses/bungalows. 2. Minimum lease allowed; 40 years on maturity of mortgage. 3. DSS, council or student tenants not allowed. 4. The annual rental income must be at least 140% of the gross interest payable at completion. 5. Lender requires the applicant to be conversant with the letting market having appointed a professional letting agent to manage the property. 6. Lender has general flexible attitude and may amend criteria slightly.

Lender:	Southern Pacific Mortgage Ltd
Tel:	020 7590 1500
Internet:	http://www.spml.co.uk
Email:
Arrangement fee:	£395.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	Fully national
Notes:	1. Minimum valuation of any property: £30,000. 2. Minimum lease allowed: 25 years plus mortgage term. 3. DSS, council or student tenants not allowed. 4. Only available via brokers - call the above number for broker in your area. 5. Up to 6 properties per person (maximum total borrowing £1,000,000). 6. Lender uses standard income multiples - in addition lender requires rental income to be 130% of the mortgage repayment. 7. Lender can allow loans of £10,000-£25,000 with loading to rate of 0.70%. 8. Will allow applicants to have had adverse credit history - loan to value and interest rate will be determined by applicant situation. 9. Scheme is LIBOR (currently 4.00%) plus 3.45% for purchase applications, and 3.95% for remortgage applications with a 1.25% discount until 01/03/2003. 10. Mortgage indemnity charged on advances above 70% (at 5%).

Lender:	Shepshed
Tel:	01509 822000
Internet:	http://www.theshepshed.co.uk
Email:
Arrangement fee:	£150.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	Will only lend in Leicestershire and east Midlands area
Notes:	1. Minimum valuation of any property: please contact lender to discuss. 2. No leasehold properties allowed. 3. DSS, council or student tenants allowed. 4. Lender has no specific rules regarding rental income and mortgage repayment ratio. 5. Remortgage allowed: minimum loan allowed £25,001. 6. Rate is standard variable plus 0.50%.

Lender:	Kensington Mortgage Co.
Tel:	020 7376 0110
Internet:	http://www.kmc.co.uk
Email:
Arrangement fee:	£395.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	Scotland, England and Wales only
Notes:	1.Minimum valuation of any property: £33,000. 2.Minimum lease allowed: 25 years on maturity of mortgage. 3. CCJs maximum £5,000 (cleared or not). 4. Rate is lenders standard variable plus 2.50% or (remortgage at plus 3.00%) with a 1.25% discount until 01/01/2003. 5. DSS, council or student tenants not allowed. 6. Maximum of 6 loans allowed, to a total borrowing of £750,000. 7. Gross rental income must be 130% of the mortgage payment. 8. Higher rate for remortgage applicants. 9. Secured loan/rent arrears, 1 payment lasts 0-6 months, 3 payments last 7-12 months. 10. Involuntary arrangements satisfied at completion. 11. Bankruptcy discharged 1 year before application. 12. If applicants have situation in excess of 3 above lender will consider at a higher rate.

75 per cent LTV

Lender:	Northern Rock
Tel:	0845 6050500
Internet:
Email:
Arrangement fee:	£495.00
Repayment options:	Capital and Interest
Life insurance required:	No
Acceptable areas:	England, Wales and Scotland allowed
Notes:	1.Minimum valuation of any property: £40,000. 2. Up to 4 properties per person. 3. Total exposure £1million. 4. Rental income must exceed 100% of mortgage repayments. 5. Minimum income must be £25,000 for main applicant. 6. Borrower must have an Assured Shorthold Tenancy Agreement. 7 Maximum number of Applicants: 4. 8. Minimum age: 21. 9. Capital repayments up to 15% allowed each year without penalty.

Lender:	Sun Bank
Tel:	01438 744555
Internet:	http://www.sunbank.co.uk
Arrangement fee:	£400.00
Repayment options:	Any
Life insurance required:	Yes
Acceptable areas:	National coverage, although will usually limit to metropolitan areas
Notes:	1. Minimum valuation: £75,000. 2. Minimum lease allowed: 35 years on maturity of mortgage. 3. 0.80% arrangement fee, minimum £500. 4. Any number of properties, maximum loan limit £1million. 5. Gross rent must be at least 125% of interest payments. 6. DSS, council or student tenants not allowed. 7. Curriculum Vitae and net worth statement required on all applicants. 8. Property must be subject to an assured tenancy agreement. 9. Lender requires all properties to be managed by professional letting agents. 10. Capital repayments up to 10% allowed each year without penalty. 11. 1.50% discount.

Lender:	Leek United
Tel:	01538 392419
Internet:	http://www.leek-united.co.uk
Email:
Arrangement fee:	£150.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England and Wales
Notes:	1. Minimum valuation of any property: £33,333. 2. No DSS, student lets or studio flats. 3. Rental income to be at least 130% more than the mortgage interest commitment. 4. Gross rental yield to be at least 7%. 5. Lender uses affordability scale incorporating income multiples and property rental. 6. Can accommodate small portfolios of properties. 7. Society will not accept converted houses/flats. 8. 1% discount. 9. Loyalty bonus applies after 5 years (currently 0.25%). 10. Property to be let on Assured Shorthold Tenancy.

Lender:	Universal
Tel:	0191 232 0973
Internet:	http://www.theuniversal.co.uk
Email:
Arrangement fee:	£395.00
Repayment options:	Any
Life Insurance required:	Yes
Acceptable areas:	North East England only
Notes:	1. Minimum valuation of any property: £40,000. 2. Minimum lease allowed, 35 years on maturity of mortgage. 3. DSS or student tenants are not considered. 4. The lender will use an affordability calculation based on the anticipated rental income. 5.1% discount. 6. Maximum of 5 properties allowed.

Lender:	Mercantile
Tel:	0191 295 9500
Internet:
Email:	enquiries@mercantile-bs.co.uk
Arrangement fee:	£295.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	Fully national
Notes:	1. Mortgage secured on properties purchased and let on an Assured Shorthold Tenancy. 2. To qualify a minimum of three properties is required. 3. 1% discount.

Lender:	Woolwich Direct
Tel:	0645 757575
Internet:
Email:
Arrangement fee:	£350.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	Fully national
Notes:	1. Minimum lease allowed: 50 years on maturity of mortgage. 2. DSS, council, company or student tenants not considered. 3. The lender will use an affordability calculation based on the anticipated rental income. 4. Gross annual rental income must cover the annual mortgage interest payment by at least 125%. 5. Maximum of 65% for non-UK residents. 6. Base rate tracker (currently 4.00%) plus 1.20%.

Lender:	Bank of Ireland
Tel:	0118 968 4300
Internet:	http://www.bank-of-ireland.co.uk
Email:
Arrangement fee:	Nil
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England and Wales only
Notes:	1. Minimum valuation of any property: £33,333. 2. Minimum lease allowed: call lender to discuss. 3. DSS, council or student tenants not allowed. 4. A maximum of five properties in a portfolio will be allowed. The maximum total lending will be £500,000. 5. The lender calculates the monthly repayment based on 9% and requires the rental income to be 140% of the figure. 6. Minimum age of applicant is 25 and minimum income (outside of rental income) is £15,000. 7. Scheme is Bank of England base rate (currently 4.00%) plus 1.25% until 01/01/2005 then plus 1.75%.

Lender:	Furness
Tel:	0800 834312
Internet:	http://www.furness-bs.co.uk
Email:	call.centre@furness.co.uk
Arrangement fee:	£100.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England & Wales
Notes:	1. Maximum term: 25 years. 2. Open to UK residents. 3. Borrower must appoint a professional managing agent for the letting. 4. Employed, self-employed and retired borrowers will be considered. 5. 75% of rental income must be sufficient to cover the mortgage payment (not just the interest) at the full rate. 6. Applications cannot be considered where the sole income is derived from rental income. 7. Properties with more than 1 kitchen or more than 5 bedrooms per letting unit will not be accepted. 8. All flats/maisonettes must be purpose built and self-contained, bedsits not acceptable. 9. Diplomatic, student, housing association and council lets are not considered except where tenant is a limited company. 10. Maximum number of properties: 15.

Lender:	Monmouthshire
Tel:	01633 840454
Internet:
Email:
Arrangement fee:	£250.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	Wales
Notes:	1. Minimum age: 25. 2. No first time buyers. 3. No auction properties or holiday homes. 4. Gross rental must exceed mortgage payment by 30%. 5. Free mortgage payment protection insurance for 6 months, subject to eligibility. 6. Assured Shorthold Tenancy Agreements only.

Lender:	Stroud & Swindon
Tel:	0800 616112
Internet:	http://www.stroudandswindon.co.uk
Email:
Arrangement fee:	£295.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	Fully national.
Notes:	1. Minimum valuation of any property: £43,000. 2. Minimum lease allowed: 50 years on maturity of mortgage. 3. DSS, council or student tenants not allowed. 4. Ability to make overpayments and then draw on overpayments at a later stage. 5. The lender will use income multiples, less existing commitments plus 140% of annual rent at 9% to determine maximum borrowings. 6. 0.75% discount. 7. Maximum loan of £250,000 per property. Total maximum borrowing allowed of £500,000 over a portfolio of three properties. 8. Fees free remortgage available includes free valuation and legal fees paid if lender's solicitor is used.

Lender:	Bank of Scotland
Tel:	0800 810810
Internet:
Email:
Arrangement fee:	£250.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:
Notes:	1. Scheme is Bank of England base rate (currently 4.00%) plus 1.75%. 2. Minimum valuation of any property: £50,000. 3. Maximum of five properties per applicant allowed. 4. It is a condition that the applicant’s residential mortgage will be held with the bank. 5. Lender will allow up to 5 times the rental income to be taken into account when assessing the loan amount. 6. Available on these terms to customers based in Scotland only. 7. DSS, Council or student tenants not allowed. 8. Call the above number for details if property is elsewhere in UK. 9. Minimum arrangement fee: £500.

Lender:	Melton Mowbray
Tel:	01664 480214
Internet:
Email:	melton@mmbs.co.uk
Arrangement fee:	£80.00
Repayment options:	Capital and interest
Life insurance required:
Acceptable areas:	50 mile radius of Society’s principal office
Notes:	1. Available on properties within 50 miles of Society's principal office. 2. Maximum of 5 properties per borrower. 3. Maximum total borrowing of £500,000. 4. Multi-occupancy properties are not acceptable. 5. Rental income must cover mortgage payments by a minimum of 130%. 6. An assured shorthold tenancy for minimum 6 months and maximum of 12 months required.

Lender:	Buckinghamshire
Tel:	01494 873064
Internet:
Email:
Arrangement fee:	£250.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:
Notes:	1. Arrangement fee is negotiable: £250 minimum, £500 maximum. 2. No compulsory insurance's. 3. Maximum term is 25 years. 4. Purchase or remortgage of residential property that are let subject to an assured Shorthold Tenancy Agreement. 5. Capital repayments up to 10% allowed each year without penalty. 6. 80% loan to value if advance supported by personal income in addition to rental income.

Lender:	Dunfermline
Tel:	01383 627727
Internet:	http://www.dunfermline-bs.co.uk
Email:	comments@dunferline-bs.co.uk
Arrangement fee:	£395.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	Scotland only
Notes:	1. Minimum valuation of any property: £40,000 2. Minimum lease allowed: 30 years on maturity of mortgage. 3. DSS, council or student tenants not allowed. 4. Lender has no set criteria - will accept/decline each application on its own merits. 5. Maximum term is 20 years. 6. Maximum 2 properties in addition to main residence.

Lender:	Harpenden
Tel:	01582 765411
Internet:	http://www.harpendenbs.co.uk
Email:	enquiries@harpendenbs.co.uk
Arrangement fee:	£200.00
Repayment options:	Any
Life insurance required:	Yes
Acceptable areas:	England only
Notes:	1. Minimum valuation of any property: £50,000. 2. DSS, council or student tenants are considered. 3. The lender will use an affordability calculation based on the anticipated rental income.

Lender:	Loughborough *
Tel:	01509 610600
Internet:	http://www.theloughborough.co.uk
Email:
Arrangement fee:	£250.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	East Midlands only
Notes:	1. Minimum valuation of any property: £6,500. 2. Portfolio lending allowed. 3. Rental income expected/received must exceed mortgage payment. 4. Rate charged is lenders standard variable mortgage rate (currently 5.60%) plus a loading of 0.50%.

Lender:	Saffron Walden *
Tel:	01799 522211
Internet:	http://www.swhebs.co.uk
Email:
Arrangement fee:	£50.00
Repayment options:	Any
Life insurance required:	Yes
Acceptable areas:	Bedfordshire, Cambridgeshire, Essex, Hertfordshire, London and Suffolk
Notes:	1. Minimum valuation of any property: £13,350. 2. Minimum lease allowed: 50 years on maturity of mortgage. 3. Minimum loan for a remortgage is £15,100. 4. DSS, council or student tenants not allowed. 5. Minimum arrangement fee: £100. Lender also charges a completion fee of up to 1.5%. 6. Curriculum Vitae and net worth statement required on all applicants. 7. Rental income must exceed mortgage payments by 75%. 8. Rate is standard variable plus 1.00%.

Lender:	Hinckley & Rugby *
Tel:	01455 251234
Internet:	http://www.hrbs.co.uk
Email:
Arrangement fee:	Nil
Repayment options:	Any
Life insurance required:	Yes
Acceptable areas:	East Midlands only.
Notes:	1.Minimum valuation of any property: £30,000. 2.Minimum lease allowed: 75 years at outset of mortgage. 3.DSS, council or student tenants not allowed. 4. Rental income, less 32.5% must cover the mortgage interest each month. 5. Properties of four stories or more are excluded. 6. Rate charged is lenders standard variable mortgage rate (currently 5.64%) plus a loading of between 1%-2%.

Lender:	Bath Building Society
Tel:	01225 423271
Internet:	http://www.bibs.co.uk
Email:	bsoc@bibs.co.uk
Arrangement fee:	Nil
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	Will lend only within 50 mile radius of Bath
Notes:	1. Minimum valuation of any property: £40,000. 2. Minimum lease allowed: call lender. 3. DSS or council tenants not allowed. 4. Evidence of income required by a recognised letting agent (ARLA) and must equate to an interest rate of 15%. 5. Rate is lenders standard variable mortgage rate plus a loading of 1%.

Lender:	Yellow Brick Road
Tel:	0800 009977
Internet:
Email:
Arrangement fee:	£495.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:
Notes:	1. Will not lend in Scotland or Northern Ireland. 2. Rate charged is dependent on applicant’s personal circumstances and is based on the LIBOR (see glossary for definition) plus between 3.25% and 5.75%. The applicant’s circumstances will also impact on the maximum loan size and the maximum percentage loan (in relation to purchase price or valuation) that is available. 4. Up to 3 months mortgage or rent arrears, no more than 1 month at application. 5. All CCJs count within 3 years of application unless satisfied over 12 months ago. 6. For loans over £200,000 an additional rate of 0.5% will apply. 7. For self-certified loans an additional rate of 0.5% will apply. 8. For remortgages an additional rate of 0.5% will apply. 9. Self-certified remorgtage up to 70% LTV and 75% for purchase.

70 per cent LTV

Lender:	Nat West
Tel:	0345 023845
Internet:	http://www.natwest.co.uk
Email:	nwmsbtl@natwest.com
Arrangement fee:	£200.00
Repayment options:	Capital and interest
Life insurance required:	Yes
Acceptable areas:	National coverage
Notes:	1.Minimum valuation of any property: £2,0000. 2.Minimum lease allowed: 35 years on maturity of mortgage. 3. Maximum of four properties per applicant. 4. DSS, council or student tenants not allowed. 5. Lender uses standard income multiples of 3 times main income, plus one times the rental income less commitments. Also rental income must be 130% of mortgage payment. 6.Minimum joint income required of £20,000. 7. 1.70% discount.

Lender:	Chorley & District
Tel:	01257 419110
Internet:
Email:	mortgages@chorleybs.co.uk
Arrangement fee:	£195.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:
Notes:	1. These criteria apply to rental properties within Lancashire. 2. Properties outside Lancashire will be considered on an individual basis. 3. Rental income must exceed 120% of mortgage repayments. 4. Full status only. 5. Six month Shorthold Tenancy Agreement is mandatory, maximum term for same is 12 months. 6. Housing Associations or companies cannot be parties to the tenancy agreement. 7. Multiple Tenancy Agreements are not acceptable on one property. 8. DSS, council or student tenants not allowed nor properties divided into bedsits.

60 per cent LTV

Lender:	Market Harborough
Tel:	01858 463244
Internet:	http://www.mhbs.co.uk
Email:	CustomersFirst@mhbs.co.uk
Arrangement fee:	£295.00
Repayment options:	Any
Life insurance required:	Yes
Acceptable areas:	England, Scotland and Wales
Notes:	1.Minimum valuation of any property: £40,000. 2. Minimum lease allowed: 50 years on maturity of mortgage. 3. Lender charges additional £50 booking fee. 4. DSS, council or student tenants not allowed. 5.1% discount. 6. Maximum of three properties allowed. 7. Capital repayments up to 10% allowed each year without penalty. 8. Six month Assured Shorthold Tenancy Agreements only.

50 per cent LTV

Lender:	Standard Life Bank
Tel:	0845 6090262
Internet:
Email:
Arrangement fee:	£350.00
Repayment options:	Any
Life insurance required:	No
Acceptable areas:	England, Scotland, Wales and Northern Ireland
Notes:	1. Minimum age of applicant: 25 years, maximum age: 60 years. 2. Minimum Employment income: £20,000 single or £30,000 joint excluding rental income. 3. Maximum total loans: £500,000 (maximum £400,000 for a single property). 4. Up to 5 rental properties. 5. Overpayments allowed (£1,000 minimum lump sums). 6. Up to 2 payment holidays allowed per year per property. 7. Lender charges interest on a daily basis. 8. Annual rental income must equal at least 10% of the loan amount. 9. 1% discount.

List Of property web sites

The list of web sites below enables you to search for properties in the area you are interested in. All these sites direct you ultimately to the estate agent that is selling the property. There are also rental sites included in this list so you can keep abreast of the current market rental values of properties you have or are currently interested in.

I personally use rightmove.co.uk, ukpropertyshop.com and home.co.uk to find my properties. These sites seem professionally run and have a large database of properties for sale.

I would suggest you search for properties listed in the hotspots detailed in part ix) of this chapter.

www.housemarket.co.uk

Rentals only

www.homelet.co.uk
www.rent.co.uk
www.simprent.u-net.com
www.citylet.com
www.letonthenet.com
www.letsrentuk.com
www.lettingweb.com
www.simplyrent.co.uk
www.spacetorent.com
www.studenthousehunt.com
www.studentpad.co.uk
www.palacegate.co.uk
www.excel-property.co.uk
www.assuredproprentals.co.uk
www.cambridge-rentals.co.uk
www.propertyrentals.co.uk
www.faulknerproperty.co.uk
www.flemingpropertyrentals.co.uk
www.enaparkinsonpropertyrentals.co.uk
www.the-net.co.uk
www.mossoak.co.uk
www.torent.co.uk
www.net-lettings.co.uk
www.property-go.co.uk
www.sunkissed.co.uk
www.letters.co.uk

iv) Mortgage brokers

A local mortgage broker can be found quite easily through the Yellow Pages or www.yell.com. I would suggest you go for a buy-to-let specialist mortgage broker. These can be found from the following web sites – you have to specify buy-to-let specialist when searching:
www.searchIFA.co.uk
Unit 9, Alpha Business, Travellers Close, Hatfield, AL9 7NT
Tel: (01707) 251111

www.ifap.org.uk & www.unbiased.co.uk

IFA Promotion Ltd, 2nd Floor, 117 Farringdon Rd, London, EC1R 3BX

Tel: (0800) 085 3250

www.ifawindow.co.uk

Web based only

v) List of accommodation projects

Accommodation projects can find tenants, guarantee and collect the rent and liase with the tenants on your behalf. Basically they can act like an agent for you but the great thing is that they provide their service for FREE! The reason they can provide this service for free is because they are non-profit organisations or charities. I would suggest you donate every now and again if you do decide to use an accommodation project.

England
1	Accommodation Bonds for Cornwall, Stonham Housing with Care, PO Box 113, Redruth, Cornwall TR15 2YP	01209 216166
2	Accommodation Concern, 15/17 London Road, Kettering, Northamptonshire NN16 0EF	01536 416560
3	Accommodation DGS (Cumbria) Ltd., 2 Gladstone Street, Workinton, Cumbria CA14 2YE	01900 873220
4	Alone In London Magnet Project, 188 Kings Cross Road, London WC1X 9DE	0207 278 4224
5	Ashford Borough Council, Civic Centre, Tannery Lane, Ashford, Kent TN23 1PL	01233 330423
6	Banbury Homes Rent Deposit Scheme, 1 Mawle House, George Street, Banbury, Oxfordshire OX16 5BH	01295 265439
7	Barnet Housing Aid Centre Rent Deposit Scheme, 36B Woodhouse Road, North Finchley, London N12 0RG	0208 446 2504
8	Basildon Community Resource Centre, 1 The Gore, Basildon, Essex SS14 2EA	01268 450040/1
9	Bedfordshire Housing Aid Centre, 68 Tavistock Street, Bedford, Bedfordshire MK40 2RG	01234 328488
10	Birmingham Bond Scheme Ltd, 44 Bradford Street, Birmingham B5 6HX	0121 687 6402
11	Bolton Bond Board, 5 Great Moor Street, Bolton, Lancashire BL1 1NZ	01204 366328
12	Boston Accommodation Bureau, 14-16 High Street, Lincolnshire PE21 8SH	01205 359664
13	Bournemouth Churches Housing Association Rent Deposit Scheme, St. Swithun’s House, 21 Christchurch Road, Bournemouth, Dorset BH1 3NS	01202 410500
14	Brent Council Rent Deposit Guarantee Scheme, Private Housing Information Unit, Quality House, 249 Willesden Lane, Willesden, London NW2 5JH	0208 937 2775
15	Brentwood Housing Trust, The Lodge, 28 St. Thomas Road, Brentwood, Essex CM14 4DB	01277 225084
16	Bridge Housing Association, 33-35 James Town Road, Camden, London NW1 7BD	0207 267 0070
17	Bristol Deposit Bond Scheme, The Hub, 13/17 Cumberland Street, Bristol BS2 8NL	0117 922 4829
18	CAN Homeless Action Team, The Maple Centre, PO Box 5164, 37 Ash Street, Northampton NN1 3ZP	01604 250678
19	Cannock Chase Churches Housing Coalition, Housing & Health Advice Centre, 29-31 Park Road, Cannock, Staffordshire WS11 1JN	01543 577572
20	Charnwood Shelter Project, The Annex, Southfield Road, Loughborough, Leicestershire LE11 2TS	01509 260500
21	Chelmsford Borough Council, Housing Advice & Welfare Rights, Civic Centre, Coral Lane, Chelmsford, Essex CM1 1JE	01245 606469
22	Cheltenham Bond Scheme, Cheltenham Housing Aid Centre, 31 Prestbury Road, Cheltenham, Gloucestershire GL52 2PP	01242 226672
23	Chesterfield Borough Council Deposit Guarantee Scheme, Town Hall, Rose Hill, Chesterfield, Derbyshire S40 1LP	01246 345143
24	Christian Action & Resource Enterprise, 257-259 Freeman Street, Grimsby, North East Lincolnshire DN32 9DW	01472 232311
25	Churches Action Together, 191 Park View, Whitley Bay, Northumberland NE26 3 RD	0191 251 4014
26	Churches Housing Action Team, The Old Bakery, 44 West Exe South, Tiverton, Devon EX16 5DH	01884 255606
27	Churches National Housing Coalition, Central Buildings, Oldham Street, 2Manchester M1 1JT	0161 236 9321
28	City Centre Project, YMCA Building, Trinity Road, Off Little Horton Lane, Bradford, West Yorkshire BD5 0JG	01274 736507
29	Colchester Borough Council, Housing Advice, PO Box 887, Town Hall, Colchester, Essex CO1 1ZG	01206 282527
30	Coventry Bond Scheme, Simon House, Bird Street, Coventry, Warwickshire CV1 5FX	024 7622 8099
31	Craven Housing Scheme, 28 Victoria Street, Skipton, North Yorkshire BD23 1JE	01756 701110
32	Croydon Churches Housing Association Ltd, Rent in Advance Scheme, 92 Church Road, Croydon, Surrey CR0 1SD	0208 662 8661
33	Croydon Home Bond, Look Ahead Housing and Care, 282-284 Brigstock Road, Thornton Heath, Surrey CR7 7JE	0208 665 9125
34	Dacorum Borough Council, HAC, 138 Marlowes, Hemel Hempstead, Hertfordshire HP1 1EZ	01442 228915
35	Dacorum Rent Aid, 7a Marlowes, Hemel Hempstead, Hertfordshire HP1 1LA	01442 251213
36	Darlington Bond & Rent Guarantee Scheme, Grange Road Baptist Church, Grange Road, Darlington, Co Durham DL1 5NH	01325 467617
37	Derby Bond Bank Scheme, Housing Options Centre, Derby City Council, Derwent Street, Derby DE1 2ED	01332 716492
38	Detached Youth Work Project, 50 Piccadilly, York, North Yorkshire YO1 9NX	01904 651431
39	Dudley MBC Guaranteed Rent Deposit Scheme (Stourbridge District), 17 St. James Road, Private Sector Housing, Dudley, west Midlands DY1 1JG	01384 815070
40	East Manchester Bond Board, 3-5 West Street, Clayton, Manchester M11 4EF	0161 239 8879
41	Elmbridge Rent Start, 2 Onslow Road, Walton-on-Thames, Surrey KT12 5BB	01932 248729
42	Epson & Ewell Borough Council, Community Housing Project, Town Hall, The Parade, Epsom, Surrey KT18 5BY	01372 732437
43	Equity Trust Fund, 222 Africa House, 64 Kingsway, London WC2B 6BD	0207 404 6041
44	Face-To-Face, 14 St David’s Road South, St Anne’s on Sea, Lytham St Anne’s, Lancashire FY8 1TB	01253 720270
45	Fareport Fund-A-Home, X=Perience, Trinity Street, Fareham, Hampshire PO16 7SJ	01329 230234
46	Foundation Housing, Waterloo House, 58 Wellington Street, Leeds, West Yorkshire LS1 2EE	0113 242 1511
47	Greater Manchester RDS (Rochdale), Grants & Enforcements Department, 4^th Floor, Municipal Buildings, Smith Street, Rochdale, Lancashire OL16 1LX	01706 866621
48	Greenwich Deposit Guarantee Scheme, London Borough of Greenwich, Housing Aid Centre, 125 Powis Street, London SE18 6NL	0208 921 2857
49	Guaranteed Accommodation Payments Scheme, YMCA, Peartree Lane, Welvyn Garden City, Hertfordshire AL7 3UL	01707 351219
50	Harlow Accommodation Project, 2 Wych Elm, Harlow, Essex CM20 1QP	01279 861186
51	Hastings & Rother Bond Board, 49 Cambridge Gardens, Hastings, East Sussex TN34 1EN	01424 721775
52	Help The Homeless (Chorley), 45 Clifford Street, Stump Lane, Lancashire PR7 1SE	01257 273320
53	Herefordshire Council Deposit Guarantee Scheme, Housing Service Division, Garrick House, Widemarsh Street, Hereford HR4 9EU	01432 261580
54	HMP The Mount, 1 Molyneaux Avenue, Bovington, Hertfordshire HP3 0NZ	01442 834363
55	Homeless in Oswestry Action Group, Centre North West, Oak Street, Oswestry, Shropshire SY11 1LW	01691 650850
56	Homelink, The Garrett Centre, 45/47 Blythe Street, London E2 6LN	0207 729 7573
57	Honourary Treasurer, Newholm, Swanmore Road, Southampton, Hampshire SO32 2QH	01489 896549
58	Housing Young People in Shrewsbury, Roy Fletcher Centre, 12-17 Cross Hill, Shrewsbury, Shropshire SY1 1JE	01743 341900
59	Huntingdonshire District Council Rent Deposit Scheme, Pathfinder House, St Mary’s Street, Huntingdon, Cambridgeshire PE18 6TN	01480 388224
60	Isle of Wight Deposit Guarantee Scheme, Exchange House, St Cross lane, Newport, Isle of Wight PO30 5BZ	01983 524715
61	Key House Project, 20 Low Street, Keighley, West Yorkshire BD21 3PN	01535 600890
62	Kingston Churches Action on Homelessness, The Access Project, 36A Fife Road, Kingston Upon Thames, Surrey KT1 1SU	0208 255 2438
63	Kirklees Bond Bank, 1^st Floor, Standard House, Half Moon Street, Huddersfield, West Yorkshire HD1 2JF	01484 223926
64	Lancashire Housing Aid Centre, 35a-c North Albert Street, Fleetwood, Lancashire FY7 6AJ	01253 874567
65	Leicester City Council, Housing Advice Centre, Alliance House, 6 Bishop Street, Leicester LE1 6AF	0116 254 9922
66	Lewes District Churches Homelink, 208 High Street, School Hill, Lewes, East Sussex BN7 2NS	01273 479541
67	Lifeshare Resettlement Service, 23 New Mount Street, Manchester M4 4DE	0161 953 4069
68	Littlehampton Churches Together Homelink, Room 1, Arcade Chambers, 86 High Street, Littlehampton, West Sussex BN17 5DX	01903 739669
82	London Borough Barnet Private Sector Tenancy Scheme, 1^st Floor, Barnet House, 1255 High Road, London N20 0EJ	0208 359 4863
83	London Borough Sutton Housing Centre, Civic Offices, St Nicholas Way, Sutton, Surrey SM1 1EA	0208 770 5788
84	Malvern Hills District Council, Housing Recreation & Community Services, Highlea, 36 Church Street, Malvern, Worcestershire WR14 2AZ	01684 862181
85	Mendip District Council Rent Guarantee Scheme, YMCA, The Old Glasshouse, South Street, Wells, Somerset BA5 1SL	01749 670761
86	NACRO Resettlement Services, C-Wing HMP Wormwood Scrubs, PO Box 757, Ducane Road, London W12 0AE	0208 743 0311 x725
87	Navigator- Project 2041, Chilton House, The Greenway, Uxbridge, Middlesex UB8 2PJ	01895 235576
88	Newark & Sherwood District Council, Kelham Hall, Kelham, Newark, Nottinghamshire NG23 5QX	01636 650000
89	No 5 Youth Counselling Centre, DIGS 2-4 Sackville Street, reading, Berkshire RG1 1NT	0118 901 5653
90	Norman House, 15 Aberdeen park, Highbury, London N5 2AN	0207 704 2857
91	North Herts Homeless Development Team, Footings/Deposit Guarantee Scheme, 25 Sun Street, Hitchin, Hertfordshire SG5 1AH	01462 435668
69	North Manchester Bond Scheme, c/o Family Housing Association, 204-206 Lightbourne Road, Moston, Manchester M40 5EE	0161 682 0600
70	North Wilts District Council Rent Deposit Guarantee Scheme, Bewley House, Marshfield Road, Chippenham, Wiltshire SN15 1JN	01249 706307
71	Northampton Borough Council, Housing & Money Advice Centre, Fish Street, Northampton NN1 2AA	01604 238740
72	Nugent Care Society, 150 Brownlow Hill, Liverpool L3 5RF	0151 708 0566
73	Oldham Independent Housing Aid Centre, 5 Ashcroft Court, Peter Street, Oldham, Lancashire OL1 1HP	0161 624 0674
74	Open Door Rent Deposit Guarantee Scheme, Shelter Housing Aid Centre, The Food Centre, 793 Avebury Boulevard, Central Milton Keynes, Bedfordshire MK9 3NW	01908 395252
75	Oxford Citizens Housing Association Deposit Guarantee Scheme, 244 Barns Road, Oxford OK4 3RW	01865 773000
76	Plymouth Access To Housing, The Harwell Centre, 28-42 Harwell Court, Western Approach, Plymouth, Devon PL1 1PY	01752 223823
77	Preston YMCA, Samuel Street, Preston, Lancashire PR1 4YE	01772 794103
78	Reading Borough Council Rent Deposit Scheme, Housing Advice Centre, Civic Centre, Reading, Berkshire RG1 7TD	0118 939 0089
92	Reigate & Redhill YMCA Rent Deposit Scheme, 1st Floor, 3 London Road, Redhill, Surrey RH1 1LY	01737 773089
93	Robond Ltd, The Guardian Centre, Drummond Street, Rotherham, South Yorkshire S65 1HY	01709 828791
94	Runnymede Rentstart, 12-13 The Sainsbury Centre, Chertsey, Surrey KT16 9AG	01932 567621 (01344 842316 temporarily)
95	Ryedale Bond Guarantee Scheme, Ryedale House, Old Malton, Malton, North Yorkshire YO17 0HH	01653 600666
96	Sarsen Housing association, Kennet District Council, Browfort, Bath Road, Devizes, Wiltshire SN10 2AT	01380 724911
97	Sevenoaks District Council Private Letting Scheme, Community Services, PO Box 1182, Argyle Road, Sevenoaks, Kent TN13 1GP	01732 227000
98	Shrewsbury Homes for All, Roy Fletcher Centre, 12-17 Cross Hill, Shrewsbury, Shropshire SY1 1JE	01743 231415
99	SmartMove (Action on Homelessness W Wilts), 12-13 Duke Street, Trowbridge, Wiltshire BA14 8EA	01225 776606
100	SmartMove (Barnsley), English Churches Housing Group, Holden House, 2 Race Street, Barnsley, South Yorkshire S70 1 BY	01226 785893
101	SmartMove (Calderdale), 1^stFloor, Bull Green House, Bull Green, Halifax, West Yorkshire HX1 2EB	01422 361515
79	SmartMove (CRISIS), 1^st Floor, Challenger House, 42 Adler House, London E1 1EE	0207 655 8300
80	SmartMove (Exeter Homeless Action Group), 16 Bartholomew Street East, Exeter, Devon EX4 3BG	01392 430228
81	SmartMove (Great Yarmouth), Bauleah House, 51 St Nicholas Road, Great Yarmouth, Norfolk NR30 1NR	01493 331586
102	SmartMove (Grenfell Housing Assoc), Justin Plaza 3, 341 London Road, Mitcham, Surrey CR4 4BG	0208 687 0157
103	SmartMove (Hartlepool), c/o CAB, Bank House, 18 Victoria Road, Hartlepool, Co Durham TS26 8DD	01429 277030
104	SmartMove (Hull Hostel Forum), Room 9, Hull YPI, 83-93 George Street, Hull HU1 3BN	01482 620360
105	SmartMove (M25), c/o Open House, 4 Union Street, Doncaster, South Yorkshire DN1 3AE	01302 369360
106	SmartMove (NOMAD), 30 Rockingham Lane, Sheffield, South Yorkshire S1 4FW	0114 273 8089
107	SmartMove (North Cornwall), St Petrocs Society, 1^st Floor, 1-2 Victoria Square, Truro, Cornwall TR1 2RS	01872 270236
108	SmartMove (Nottingham), 21 Clarendon Street, Nottingham NG1 5HR	0115 956 5313
109	SmartMove (Southport), Light for Life, 5 Hawkshead Street, Southport, Lancashire PR9 9HF	01704 543137
110	SmartMove (Teesside) Rent Bond Guarantee Scheme, Advice & Info Centre, Bath Lane, Stockton-on-Tees, Cleveland TS18 2EQ	01642 350016
111	SmartMove (Watford YMCA), Charter House, Charter Place, Watford, Hertfordshire WD1 2RT	01923 353628
112	South Gloucestershire Bond Scheme, 23 The Parade, Coniston Road, Patchway, Bristol BS34 5LP	01454 865742
113	South Gloucestershire Council, Conygre House, Conygre Road, Filton, Bristol BS34 7DD	01454 865552
114	South Holland Housing Aid, c/o 17 Church Lane, Crowland, Peterborough, Lincolnshire PE6 0ER	01733 210932
115	South Ribble Rent Guarantee Scheme, Civic Centre, West Paddock, Leyland, Preston, Lancashire PR5 1DH	01772 625374
116	South Shropshire Young Persons Housing Project, Marston Mill, Port Cullis Lane, Ludlow, Shropshire SY8 1PZ	01584 877335
117	South Somerset Accommodation Scheme, Morley House, West Hendford, Yeovil, Somerset BA20 1XE	01935 410637
118	Southampton City Council Deposit Guarantee Scheme, Housing Advice Centre, Southbrook Rise, 4-8 Millbrook Road East, Southampton, Hampshire SO15 1YG	0238 083 2977
119	Southwark Rent Deposit Guarantee Scheme, 12b Yukon Road, Balham, London SW12 9PU	0207 207 2080
120	Spelthorne Rentstart Ltd, Community Link Centre, Knowle Green, Staines, Middlesex TW18 1XB	01784 446422
121	St Helen’s Metropolitan Borough Council, Housing Advice Centre, Ground Floor, Wesley House, Corporation Street, St Helen’s, Merseyside WA10 1HE	01744 456209
122	Stamford Housing For Young People, 40 St Leonard Street, Stamford, Lincolnshire PE9 2HN	01780 754827
123	Stroud District Council, Directorate of Housing & Environmental Services, Westward Road, Ebley, Stroud, Gloucestershire GL5 4UB	01453 754482
124	Tameside Rent Deposit Scheme, Ashton Renewal Project, 157 Old Street, Ashton-under-Lyne, Greater Manchester OL6 7SQ	0161 343 7230
125	Tandridge Rent Deposit Scheme, The Star Centre, Oxted Library. Oxted, Surrey RH8 0BQ	01883 715785
126	THATCH Help, 10 Nicola Close, Harrow Weald, Harrow, Middlesex HA3 5HP	0208 864 0004
127	The Bridge, 50 Duck Street, Rushden, Northamptonshire NN10 9SD	01933 419399
128	The Clockwise Centre, 85/87 Pier Road, Clacton-on-Sea, Essex CO15 1QE	01255 423466
129	Three Rivers District Council, Housing Needs& Resources, Three Rivers House, Northway, Rickmansworth, Hertfordshire WD3 1RL	01923 776611
130	Threshold Centre Ltd, 4^th Floor, Bedford House, 215 Balham High Road, London SW17 7BQ	0208 682 0898
131	Thurrock Deposit Guarantee Scheme,c/o Open Door, 24-28 Orsett Road, Grays, Essex RM17 5EB	01375 382697
132	Trafford Rent Guarantee Scheme, 25 Heyes Lane, Timperley, Altrimcham, Cheshire, WA15 6EF	0161 973 2855
133	Two Saints Ltd (Society of St Dismas), 30 Cranbury Avenue, Southampton, Hampshire SO14 0LT	01703 390930
134	Two Step, 163-165 Tooting High Street, Tooting, London SW17 0SY	0208 672 0100
135	Vale of White Horse District Council, Revenues & Benefits Department, PO Box 125, The Abbey House, Abingdon, Oxfordshire OX1 4JE	01235 520202
136	Voluntary Hostels Group, Wensum House, 10a Wensum Street, Norwich, Norfolk NR3 1HR	01603 617299
137	Wakefield Rent Deposit Scheme, 4 The Springs, Wakefield, West Yorkshire WF1 1PU	01924 302100
138	Walsall Rent Guarantee Scheme, PO Box 1427, Walsall, West Midlands WS3 3GZ	01922 475083
139	Waltham Forest H.A.T.R.G.S., c/o 433-443 High Road, Leytonstone, London E11 4JU	0208 539 8845
140	Warrington Borough Council Rent Deposit Scheme, Housing Services Department, 86 Sankey Street, Warrington, Cheshire WA1 1RH	01925 442446
141	Waveney District Council Rent Deposit Guarantee Scheme, Housing Department, 80 Clapham Road, Lowestoft, Suffolk NR32 1RB	01502 523141
142	West Wiltshire Accommodation Project, c/o West Wiltshire Housing Society, Bryer Ash Business park, Bradford Road, Trowbridge, Wiltshire BA14 8RT	01225 715778
143	Winchester Rent Guarantee Scheme, 16 Colebrook Street, Winchester, Hampshire SO23 9LH	01962 862681
144	Wintercomfort Rent Deposit Scheme, Overstream House, Victoria Avenue, Cambridge CB4 1EG	01223 518146
145	Woking Association for the Single Homeless, Woking Churches Rent Guarantee Scheme, Pound House, 35-47 Board School Road, Woking, Surrey GU21 5HD	01483 772265
146	Woodspring Deposit Guarantee Board, Room 9, YMCA, 2 Bristol Road Lower, Weston Super Mare, Somerset BS23 2PN	01934 617617
147	Worcester Welfare Rights Centre, Angel Centre, Angel Place, Worcester WR1 3QN	01905 612774
148	Wycombe Rent Deposit Guarantee Scheme, 52 Frogmore, High Wycmbe, Buckinghamshire HP13 5DG	01494 528557
149	Young Homeless Project Rent Deposit Guarantee Scheme, 38 High Street, Leamington Spa, Warwickshire CV31 1LW	01926 883179
REPUBLIC OF IRELAND
150	Simon Freshstart, Dublin Simon Community, PO Box 581, Dublin 1, Republic of Ireland	00 353 1 6602836
Northern Ireland
151	Cookstown and Western Shores Area Network, Rural Supported Housing Programme, The Crieve Centre, Hillhead, Stewartstown, Co. Tyrone BT71 5HY	0288 773 8845
152	Council for the Homeless Northern Ireland, 153 University Street, Belfast BT7 1HR	01232 246440
153	Foyle Homeless Action and Advice Service, SmartMove Rent Deposit Scheme, 8 London Street, Derry City, Co. Londonderry BT48 6RQ	0287 136 3256
Scotland
154	CATH Keyfund, 10 York Place, Perth PH2 8EP	01738 580188
155	Clackmannanshire CAB Rough Sleepers Rent Deposit Scheme, 47 Drysdale Street, Alloa, Clackmannanshire FK10 1JA	01259 219404
156	Dumbarton CAB, 6-14 Bridge Street, Dunbarton G82 1NT	01389 734383
157	East Dumbartonshire Council, Housing & Community Development, Tom Johnston House, Civic Way, Kirkintilloch G66 7TJ	0141 578 8256
158	Falkirk Homeless Project, c/o CAB, Old Sheriff Court, Hope Street, Falkirk FK1 5AT	01324 628406
159	Fife Keyfund, St Brycedale Church, St Brycedale Avenue, Kirkcaldy, Fife KY1 1ET	01592 646677
160	Glasgow Rent Deposit Scheme, Hillhead Baptist Church, Cresswell Street, Glasgow G12 8RU	0141 400 0808
161	Jubilee Key Scheme, Suite 6, Beech House, 20 Hope Street, Hamilton, South Lanarkshire ML3 6AF	01698 891551
162	Matthews Smartmove Project, Edinburgh Cyrenians, Norton Park, 57 Albion Road, Edinburgh EH7 5QY	0131 475 2356
163	McKay SmartMove Project, Dundee Cyrenians, 1 Soapwork Lane, Jessie Devlin Close, Dundee DD1 1HX	01382 228733
164	Scottish Churches Housing Agency, 28 Albany Street, Edinburgh EH1 3QH	0131 477 4500
165	SEASCAPE, Auld Kirk Halls, Blackfriars Walk, Ayr KA7 1TT	01292 285424
166	Shetland Rent Deposit Scheme, Shetland Islands Council, Housing Services, Fort Road, Lerwick, Shetland ZE1 0LR	01595 744380
167	SmartMove (East Lothian), Tolbooth Gate, 57 Market Street, Haddington, East Lothian EH41 3JG	01620 829300
168	Stirling Rent Deposit Guarantee Scheme, Patrons of Cowanes Hospital, 49 St John Street, Stirling FK8 1ED	01786 472247
Wales
169	Agorfa Bangor Bond Street, The Green house, 1 Trevelyan Terrace, Bangor, Gwynedd LL57 1AX	01248 355058
170	Barnardo’s Cymru, Compass for Young People, Victoria Centre, 13 Hill Street, Wrexham LL11 1SN	01978 315 137
171	Bridgend Bond Board, Barnardos Open Door Project, 2^nd Floor, Assembly Buildings, 16-18 Derwen Road, Bridgend CF31 1LH	01656 654 060
172	Cardiff Bond Board, 109 St Mary Street, Cardiff CF11D	01222 871442
173	Carmenthenshire Bond Scheme, Tai Trothwy, 11-12 King Street, Carmenthen, Carmenthenshire SA31 1BH	01267 220257
174	Ceredigion Care Society, Agoriad Housing Bond Scheme, 15 North Parade, Aberystwyth, Ceredigion SY23 2JH	01970 639111
175	Denbighshire Bond Board, c/o Community Agency, Station House, Bodfor Street, Rhyl, Denbighshire LL18 1AT	01745 343342
176	Dewis, 47 Station Road, Port Talbot SA13 1NW	01639 882 536
177	Ebbw Fach Development Trust, Nantyglo, Brynmawr, Gwent NP3 4JT	01495 315055
178	Llamau Housing Society, JIGSO, 240 Holton Road, Barry, Glamorgan CF63 4HS	01446 748852
179	Merthyr Bond Board, 56 High Street, Pontmorlais, Merthyr Tydfil, Mid Glamorgan CF47 8UN	01685 379502
180	Pembrokeshire Action for Single Homeless, 20 Upper Market Street, Haverfordwest, Pembrokeshire SA61 1QA	01437 765335
181	Rhondda Cynon Taff Bond Board, Housing Advice Centre, 35a Taff Street, Pontypridd, South Wales CF37 4YY	01443 485515
182	Right Move, Monmouthshire County Council, Housing Dept., County hall, Cwmbran, Torfaen NP44 2XH	01633 644472
183	SmartMove (Newport), Rehousing Services Office, The Bus Station, Kingsway, Newport, Gwent NP20 1EY	01633 232594
184	Swansea Bond Board, 32-36 High Street, Swansea SA1 1LF	01792 301363

vi) List of hotspots

A hotspot is an area where you can purchase a property and achieve a return greater than 12 per cent on your investment.

vii) List Of freefone/lo-call providers

Freephone providers can route your 0800 number to your landline at a cost to you from as little as 3p a minute. You can also route your 0800 number to your mobile for more. Lo-call 0845 numbers are available from the following providers, which means that the caller only pays the cost of a local call. The cost to you starts from nothing! The reason they can call you for the cost of a local call and it costs you nothing is because they want your volume of calls. There are even some numbers that you get paid per minute (0871 numbers) but only cost the caller a standard national call. Check out some of these providers:

Name	Web site	Tel
Dolphin	www.freephoneservices.co.uk	0800 195 8388
Future Numbers	www.Future-numbers.co.uk	08000 388873
Global Telecom	www.Globaltelecomuk.com	08000 277772
21^st Century	www.21^st-centurytelecom.com	0870 777 2121
Planet	www.Planet-numbers.co.uk	0845 130 8000
TTC Marketing	www.blacknet.co.uk	0800 742912
Crosby Communications	www.crosbycomms.co.uk	08000 386000
Efax	www.efax.co.uk	0845 458 2845
Telecom Plus	www.0800-freephone-numbers.co.uk	08000 740782
Phone number shop	www.thephonenumbershop.co.uk	08000 192130
Dataweb Technologies	www.telnos.co.uk	0845 1303955

viii) List of credit checking agencies

Here is a list of credit checking agencies. Some offer guarantees on the rent if the tenant defaults.

Name	Web site	Tel	Cost
Moneypenny	www.moneypenny.co.uk	020 7730 0883	£17.50
Homelet	www.homeletuk.com	020 8768 1616	£17.62 – Basic £47.00 – including employer’s reference and landlord’s reference £70.50 – available if prospective tenant is a full time employee. If tenant defaults they guarantee the rent for 6 months up to £1,500pcm rent. From £94.00 – if prospective tenant is part time or self-employed. If tenant defaults they guarantee the rent for 6 months and there is no maximum on the monthly rental.
Paragon	www.paragon-plus.co.uk	08000 925901	£15.00 – basic £29.00 – including employer’s reference and landlord’s reference £49.00 – available if prospective tenant is a full time employee. If tenant defaults they guarantee the rent for 6 months up to £1,500pcm rent.
Letsure	www.letsure.co.uk	01628 581500	Varies
Easylet	www.easylet.org.uk	0870 749 4120	£25 per prospective tenant. An extra £52.50 to guarantee the rent and legal expenses once the tenant has passed.

You can see the checks can be expensive. If you put forward four prospective tenants under a guarantee scheme check you could be spending nearly £300 – and this still doesn’t mean that you would have found a tenant as all the tenants could have failed the credit check!

ix) Guaranteed rent and maintenance contracts

Guaranteed rent can be obtained by one of three ways:

Via an insurance contract. This is where you pay a percentage of the rent to the insurer, typically 3 per cent, or a fixed fee to the insurer to cover you against the tenant defaulting. The tenant has to be credit checked initially for a nominal fee but from then on the rent is guaranteed. All the companies listed in the credit checking agencies above provide this service.
Obtaining a credit check for a one off fee, starting from £49, and then the rent is guaranteed if the tenant defaults. All the companies listed in the credit checking agencies above provide this service.
Getting a letting agent or institution to pay the rent direct. An agent called Northwood Lettings, nthwood.co.uk and Your Move, www.your-move.co.uk provide this. These are a growing chain of national estate agents who pay the rent direct to your bank account even if the property is vacant. University institutions sometimes pay guaranteed rent as they can then sublet on your property to the students. It is worth contacting the university in the area that you are thinking of buying. Councils are also paying guaranteed rent for asylum seekers or under the ‘Empty House Scheme’. This is where the councils will even refurbish the property at no expense to yourself through a government grant (maximum £12,000) in order to make your property tenantable. Schemes that I have found are www.carrick.gov.uk, 01872 224399, www.wealden.gov.uk, 01323 443378, www.hastings.gov.uk, 08000 858967 and www.pavillion.co.uk, 01273 608311. I am sure there are many others.

I have only found one maintenance insurer and that is Homelet (see contact details on page………………..). They cover the cost of a contractor’s call out, labour charge, parts and materials up to the cost of £500 including VAT. They use their own contractors so if there is an emergency you simply call Homelet. They ensure that a contractor will arrive within four hours. The cost for this insurance is £7 per month. This policy does not cover you for call outs due to lack of routine maintenance.

x) Letting agents

I would suggest that you only use an Association of Residential Letting Agents (ARLA) accredited member to collect your rent. Since the agent will be handling your money you need to be covered against fraud i.e. the agent running off with your money! If the agent commits any fraudulent acts your money is fully guaranteed by ARLA. You do not even have to prove the fraud to get your money from ARLA.

Your local ARLA member can be found from www.arla.co.uk or by calling 0845 345 5752.

xi) Management software providers

I only really recommend one software provider, EZPZ Landlord. This is because there are few providers of this type of software and this one is the only one that is any good. The great thing about this program is that it is FREE! A fully working program for management of three properties is downloadable from their web site for free. If you wish to manage more than three then it will cost you £199.00. The product details are as follows:

EZPZ Landlord – product details

EZPZ Landlord is a computer bookkeeping system designed specifically to help landlords manage their properties. EZPZ Landlord has all the standard accounting features you would expect from a computerised bookkeeping system:

Sales ledger
Purchase ledger
Nominal ledger
Bank reconciliation
VAT analysis
Automated entries
Prepayments and accruals

with additional features including the calculation of rents and automated credit control for tenants. The system enables you to keep details of individual properties and tenants, and the links between them.

Properties

The property records form the main records of the system. Each property will have rent and tenancy records created for it. For example, a tenancy record will hold details of the type of tenancy, its duration and the tenant. Each rent and tenancy record covers a period of time so the system maintains a history of previous rent rates that have been in force, and the tenants that have occupied the property.

Rents may be based on any charging period such as weekly, calendar-monthly, quarterly, or you can define any non-standard period, and may be charged in advance or arrears.

Tenancies may be created for a property for any period and users may define their own tenancy types if unusual periods are involved. The Expiring Tenancies report shows properties for which the tenancy is due to expire.

Accommodation details may be recorded for each property and you can even store a picture within the property record. An inventory and schedule of condition may be created for each property. These may be used in periodic inspections of a property to assess possible damage by tenants.

Tenants

Each tenant's ledger shows what the tenant owes at any time. The automated credit control feature suggests what action to take based on how long rent charges have been overdue. Statements, reminders and final reminders can all be customised to your own requirements.

Tenancy agreements

Tenancy agreements may be printed for any tenancy with a few clicks of the mouse button. Agreements are created from a database of standard paragraphs that can be added, removed, or customised, as you desire.

Reports

The system has a wealth of reports to offer, as you would expect from any bookkeeping system. You can prepare a monthly profit and loss account, balance sheet and even carry out VAT analysis if you are VAT registered.

Limitations of use

The demonstration version of the software limits the creation of properties to three. The registered version does not have this limitation. The number of records that may be created, using the registered version, is limited only by the amount of storage space you have.

System requirements

EZPZ Landlord was written using Microsoft Visual FoxPro V6.0 and is designed to run on any stand alone PC and on any version of Windows including Windows 2000 Professional. To run EZPZ Landlord you will need a minimum of:

An IBM-compatible computer with a 486 66MHz processor (or higher)
A mouse
16 MB RAM
10 MB free space on your hard drive

Support

Free help and support is available by telephone (office hours) and email, for the lifetime of the product.

Ordering

The demonstration version is downloadable free of charge from the web site www.ezpzsoftware.co.uk. The demonstration version is also available on CD at a price of £5.00 to cover production and postage and packaging costs. This cost will be deducted from the cost of the registered version should you wish to upgrade. Payment may be made online by credit or debit card, or by telephone on 01709 871056.

xii) Local newspapers

If you do not know the local newspaper in the area where you have just invested, there is a very good site that tells you all the local newspapers in that area. www.newspapersoc.org.uk, The Newspapers Society, 020 7636 7014, will have details such as circulation figures, demographics and telephone numbers for you to place your advert.

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9 – REFERENCE CHAPTER

CONTENTS: INTRODUCTION, 1 - THE FORMULA, 2 - THE INITIAL INVESTMENT, 3 - FINDING THE RIGHT BUY-TO-LET MORTGAGE, 4 - FINDING THE RIGHT PROPERTY, 5 - FINDING THE RIGHT TENANT, 6 - EXPANDING YOUR PORTFOLIO, 7 - TAX, 8 - LEGAL ASPECTS, 9 - REFERENCE CHAPTER

Sales & rental web sites

Sales only web sites

Rentals only

v) List of accommodation projects

England

REPUBLIC OF IRELAND

Name

EZPZ Landlord – product details

Tenants

Tenancy agreements

Reports

Limitations of use

System requirements

Support

Ordering

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