A Buy to Let mortgage is one of the most popular choices for many people. It allows you to buy a property that you can rent out for a long period. You will find tenants that will live in the property and pay you the rent regularly. Depending on the building's condition, location, and size, the lender will decide if it is a good investment. If the projections state that the profitability rate is decent, you can continue the application process. The contract says that the property must be let to be used by the tenants. Usually, for Buy to Let schemes you make interest-only repayments.