A buy to let mortgage could be a better investment than long term savings.
Buy to let mortgage applications appear to be on the increase, particularly in some areas of the country.
If you are interested in this type of product call Deal Direct, we have access to the whole of mortgage market to enable us to source the best deals.
Low interest rates and predictions that the Bank of England base rate could drop even further may be encouraging investors. If you are getting low rates for long term savings investments, property may still offer better returns in spite of the slow housing market.
Unlike a home owner loan, a buy to let mortgage is a business investment that is likely to be long term. The repayment of the loan is most often through the sale of the property. Compared to home owners, far more landlords sell their property to pay their mortgage.
The value of the rental property is security for a loan, and tenants provide rental income. In addition if you are a landlord, personal income may form part of the equation as to what you can afford. If you are a landlord, the interest payments on your mortgage for the property can be tax deductible.
If you are thinking about a buy to let mortgage, call Deal Direct for a comparison of the best rates in the market.
If you are investing in the rental market for the first time we can guide you through the mortgage process and help you find the type of product that suits your situation best.
Contact Deal Direct for a buy to let mortgage quote.
