A buy to let mortgage makes sense while rates remain low.
Many more new landlords are taking out buy to let mortgage deals to allow them to jump on the buy to let bandwagon.
Mortgage rates have been set at historic lows for several months and according to CML figures for buy to let mortgage lending, Q2 of this year is 21% up on Q1. Lending has topped £5 billion, and year on year figures are up 31%.
During March to May 40,000 mortgages were advanced to property investors. In addition buy to let remortgages also increased in number, as existing landlords remortgaged to invest in additional property.
There is strong demand for rental property from tenants unable to save a deposit to purchase their own home. Rental yields are increasing at a time when returns on savings are decreasing. Many with spare cash are therefore choosing to invest in bricks and mortar to boost their pension pot.
If you are looking for a buy to let mortgage to invest in rental property call a Deal Direct adviser on 0800 048 8828 for advice and a quote.
Deal Direct are a 'whole of market' broker with access to the entire UK mortgage market. Our advice is impartial and based on your needs.
Call today to discuss your buy to let mortgage needs.
0800 048 8828.
