Buy to let – the ongoing mortgage frenzy.
The number of people choosing to invest in property is rapidly rising, we have seen a significant increase in buy to let applications over the last year.
In response to this rising demand, lenders are releasing more and more buy to let products. At present there are around 1000 mortgages available for first time landlords.
With more deals on offer and rates that have steadily fallen over the last year, there are now far more competitive products on offer than ever before.
Average fixed rates have more than halved, dropping from 7.34% in August 2008 to 3.8% today. Rates are at their lowest ever, now it is possible for a landlord to lock into a 2 year fixed rate mortgage at just over 2%.
If you want to find out whether property is the right investment for you, speak to an independent financial adviser. If after listening to their advice you decide to proceed call Deal Direct to find you a low rate mortgage.
We are an independent ‘whole of market’ broker with access to all buy to let deals market-wide. We will compare all products on offer at your deposit level, to come up with the one which is the most competitive and affordable over all.
For independent and impartial mortgage advice call us today. We are the UK’s No1 mortgage broker as shown on TrustPilot. To find out what our clients think about our service read some of our reviews.
Please note:
- While we are regulated by the FCA to offer mortgage advice, we are not regulated to offer financial advice as to the suitability of property as an investment.
- Not all mortgages are regulated by the FCA.