Owning a home requires large investment. Anyone who needs to go in for purchasing a house would have a look at the options of getting a loan from a bank or any other financier. There are several types of loans you can go in for. The time period buy to let implies that you wish to buy the house or the residential property for letting it out on rent. Buy to let mortgages, therefore, is the mortgage one would avail exhibiting the lender that the property he’s buying is intended for letting it out to a tenant and earn month-to-month hire out of it. There are numerous methods of funding under the purchase to let mortgage that is followed by different mortgage lenders, banks and other monetary institutions. In a technique, the annual lease that is anticipated from the property should cover a certain share of the repayment that the customer is meant to make to the lender. In a special calculation, the lender would offer you an amount that’s thrice the salary and one half of the rental income. Another type of calculation for purchase to let mortgage offers you with money that’s three and a half times your annual wage minus a certain share of your existing mortgage commitments. The rates of interest offered by the varied financial establishments for buy to let mortgages would slightly be increased than that supplied for other type of loans. Purchase to let mortgages provide vital advantages to the home owners in terms of tax savings as a consequence of which it is likely one of the most popular methods of getting loans from the banks. The rent which is earned from a property is similar to the wage and hence it is taxable. BTL mortgage will enable some tax deduction and hence save some cash for the landlord.