Buy to let mortgage numbers rise in Q1 2015.
Latest market figures show that demand for buy to let mortgages is rising. In January almost as many landlords were successfully granted a mortgage as first time buyers.
Property investment is keeping the purchase market buoyant and helping prices to rise. While this is not good news for first time buyers wanting to climb on the property ladder, it is good news for investors.
The in-ability to purchase a home is forcing many to remain in rental property, and increased demand for rental property is keeping landlords yields high.
With changes in pension rules, the number of older buyers looking to invest in property for retirement income is expected to increase. The knock on effect may further reduce the availability of housing stock at the more affordable end of the market, trapping lower income buyers in rental accommodation.
- If you want to avoid being part of ‘generation rent’ and are looking for a mortgage, an adviser at Deal Direct can offer you independent advice.
- If you are looking to invest in property our advisers can help you to find the most competitive mortgage for your circumstances.
Please note:
- Deal Direct are licensed by the FCA to offer mortgage advice.
- Deal Direct are not financial advisers and cannot offer advice as to the suitability of property as an investment.
- Not all buy to let mortgages are regulated by the FCA.
Whatever your mortgage needs call Deal Direct on 0800 048 8828.
