Mortgage calculator, how much can I borrow ask the 'silver brigade'.

What is the 'silver brigade' and why are they asking 'mortgage calculator how much can I borrow'?

Here at Deal Direct we are starting to see a new type of borrower. These are people in the fifty something age bracket who are asking 'mortgage calculator how much can I borrow', because they want to exploit the equity built up in their property to fund a buy to let investment.

Experts advise that the private rental sector currently offers value for those investors looking to enter the market but first time investors are urged to plan ahead to ensure that their investment is protected.

More prospective landlords are emerging and brokers such as ourselves, are noting an increase in mortgage applications from first time buy to let landlords trying to boost their pension pot. Over the last 15 years the dramatic rise in property prices has made many view property as an asset rather than a home.

When considering a property investment, be aware that a buy to let mortgage is based on rental income and that must be 125 per cent of the monthly mortgage repayment. The maximum lending on a buy to let deal is generally around 75 per cent of the property value and some lenders may apply age limitations. Deal Direct are familiar with mortgage providers different lending criteria and can help you source you a competitive deal.

For those of you looking at buy to let investment, asking an online mortgage calculator how much can I borrow is very easy to do, however nothing replaces the expert help and guidance offered by Deal Direct. Contact one of our skilled advisers for mortgage advice today.