Get the best buy to let mortgage whilst rental demand is high.
Demand for rental properties remains high and lenders best buy to let mortgage deals are a priority for any landlord building their buy to let portfolio.
High demand for rental properties across the UK is being driven by the fact many cannot afford the large mortgage deposits required and high fees charged when buying a home. Home buying costs are set to increase with the end of the stamp duty holiday and lenders proposed rate rises.
The Coventry Building Society has launched a new range of buy to let products that require a 35 per cent deposit and offer various rates and fees. Some of these fees are as high as £2,499. Investors should be aware that buy to let mortgage deals may come with higher fees therefore it is crucial to find the most cost effective product on offer.
For a more comprehensive range of products and lenders contact Deal Direct, we can navigate the complex mortgage market on your behalf. We will research the latest offers to find you the best buy to let mortgage deal on offer.
At Deal Direct our experienced and impartial advisers calculate the total cost of mortgage deals to ensure our comparisons are made on a like for like basis.
As rental yields remain favourable for landlords now is the ideal time to consider a buy to let property. In 2011 the average monthly rental income increased to £716 from £682 a year earlier and gave a rental return of 6.1 per cent. This rental trend looks set to continue in 2012 and demand for lenders best buy to let mortgage deals remains high.
