Buy to Let Mortgages are increasingly popular, as they are a form of investment vying for your attention as you try to make your money grow. Buy to Let Mortgages have grown in popularity over the last decade or so for a number of reasons, such as property being considered a stable investment alongside more volatile ventures such as the stock market.
Buy to Let Mortgages
Even when house prices are going through stale periods or declining as they have recently, this doesn’t matter unless you are planning to sell the property. As long as the rent is still coming in, you should be able to ride out the storm until prices rise again.
Demand for rental property is flourishing in the UK. Socio-economic factors such as an increasing population, rising divorce rates and a developing trend for single occupancy mean that demand for rental property continues to thrive. Many use the rental income from their buy to let properties to cover the mortgage and make their money from their capital appreciation.
Types of Buy to Let Mortgage
As the buy to let sector has grown, one of the benefits is the increased choice of products available to potential investors. More providers have entered the arena, with specialist lenders sitting alongside the bigger banks and building societies.
Traditionally, buy-to-let mortgages were dominated by variable rate products, but as the market has grown, lenders have diversified their offerings to include fixed rates, discounts, trackers and flexible-rate mortgages. Each has their own benefits, but the majority of buy to let mortgages are only accessible through intermediaries like ourselves, so we are confident in providing buy to let mortgage advice.
Like any investment, buy to let mortgages come with no guarantees, but might be more reassuring for those who have more faith in bricks and mortar than the stock market.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOAN SECURED ON IT.
AFP Shrewsbury is a trading style of Gary Harper (FRN 755477) who is an Appointed Representative of AFP Partnership (FRN 300003). AFP Partnership are authorised and regulated by the Financial Conduct Authority. Certain products, including Buy to Let and Commercial mortgages, are not regulated by the Financial Conduct Authority. If you’re looking to invest in property and require some buy to let mortgage advice then call us now for a no obligation chat on Shrewsbury 01743 364377 or e-mail firstname.lastname@example.org