Finding a buy to let mortgage through Deal Direct.

With buy to let booming many prospective landlords are rushing ahead to find themselves a deal before changes are made to buy to let regulations in March next year.

Now is a good time to find a mortgage as many lenders have reduced their rates to attract investors. 

Rental returns are pushing up demand in the buy to let mortgage market and many more investors are planning to get into the buy to let sector to secure an income for their retirement or build up their existing property portfolio. Demand for rented accommodation is keeping rents high and so many are looking to invest.

A buy to let mortgage is for those who wish to become prospective landlords. These mortgage products are different from conventional mortgages as lenders calculate the amount to be borrowed on the rent that may be generated by the property when tenanted. This mortgage situation does not always find borrowers the most competitive rate in the mortgage market as a buy to let mortgage does tend to be higher.

These factors need to be taken into account by investors and also the deposits for this type of mortgage are usually higher with most lenders asking for a 20 per cent deposit. Home owners wanting to get into the buy to let market should research the area and property fully to ensure they attract demand from tenants in the future and therefore secure their buy to let mortgage income.

If you are looking for a buy to let mortgage contact Deal Direct for advice. We offer independent and impartial advice, however we cannot offer financial advice. We are not regulated by the FCA to offer advice as to the suitability of property as an investment. For that type of advice you will need to contact an IFA.

Note: not all mortgages are regulated by the FCA.

Deal Direct can help you get a buy to let mortgage.

Call today for a quote - 0800 048 8828.