The current economic climate has led to more potential buyers having to look at the prospect of renting rather than buying. This greater demand for rented property demonstrates that buy to let investments can still be suitable. Recent statistics have shown that an increasing number of rented properties are owned by individual landlords rather than those with big portfolios demonstrating that the idea of buying and renting out a property to cover the cost of the loan is still a viable investment opportunity.
A buy to let mortgage is seen as a separate investment to that of your home purchase and will also take into account the rental potential of the property as well as the usual information that is assessed in a normal home purchase.
Whether you have found an ideal investment property or are only just beginning your search contact us and let one of our advisors talk you through the process and even search the buy to let market to see if there is the right product for your needs.
You can choose how we are paid for mortgage advice. Pay a fee usually 1% of the loan amount or we can receive commission from the lender. Your home may be repossessed if you do not keep up repayments on your mortgage.