Released on = November 17, 2006, 8:23 am

Press Release Author = Lets Mortgage It.com

Industry = Small Business

Press Release Summary = The latest rise in UK interest rates will add further
problems to an already difficult buy to let market place. The recent boom in the UK
property market has been good news for all those already involved with property
investment.

Press Release Body = However, the huge increases in property values means that
today\'s first time landlords are being forced to pay significantly higher purchase
prices for suitable investment properties. Choosing the right Buy to Let mortgage
with the lowest possible interest rate could make all the difference when weighing
up a potential investment.

Each time interest rates increase, the less money becomes available to borrow.
Philip Flanagan of Lets Mortgage It.com explains: "The amount you can borrow when
buying a property to let out depends, amongst other factors, on how much rent the
property generates, as well as the interest rate used by the lender to calculate the
funds they are willing to offer. Higher interest rates mean lower mortgage offers
and therefore higher deposits are required."

Higher interest rates create a double squeeze on potential investors. The first
being a reduced offer and the second, in that once an investor owns a buy to let
property, higher monthly mortgage payments eat away at the potential financial
returns.

Peter Christopherson a broker with Lets Mortgage It.com comments: "Using an
experienced mortgage broker who has access to the whole buy to let mortgage market
could be the solution. The specialist broker will have access to all investment
mortgage deals on offer, many of which are not available on the high street.

"Investors should also be aware that there may be further UK base rate rises in the
months ahead. Existing buy to let borrowers, whose mortgages are currently on
discounted or variable rates, could also benefit hugely by having their current
mortgage deals reviewed against the current investment mortgages available,"
continues Peter Christopherson.

About The Author
Philip Flanagan and Peter Christopherson are directors of Lets Mortgage It.com and
write the LMI Mortgage E-Club newsletter. You can also find additional mortgage tips
and news at www.letsmortgageit.com. Email:- info@letsmortgageit.com

Web Site = http://www.letsmortgageit.com

Contact Details = Philip Flanagan||Manor Farmhouse||Milestead , ME9
0SE||$$country||||0.870.011.2400||philipflanagan@aol.com||http://www.letsmortgageit.com