Buy to let purchases rise in number thanks to low remortgage rates.
According to latest figures around 66% of buy to let purchases are now being funded through existing property remortgage.
As remortgage rates fall more would-be investors are dipping a toe in the rental market. In addition many existing landlords are remortgaging to expand their property portfolio.
At present record low mortgage rates are driving the buy to let sector forward. In particular many residential mortgage holders in London and the south east are remortgaging their homes to take advantage of falling rates.
Owners with a large amount of equity are at present able to extract capital to invest elsewhere, and that for the majority is in buy to let. Demand for rental property is high in many areas which is making owning a rental property an attractive proposition.
If you have equity and are looking to remortgage to fund a rental property, call us at Deal Direct on 0800 048 8828.
Who are Deal Direct?
We are a ‘whole of market’ broker offering independent and impartial advice. We can search the entire market to find the most competitive deal to help you invest in rental property.
We are regulated by the FCA to offer mortgage advice, however we are not regulated to offer financial advice. We cannot advise you as to the suitability of purchasing a buy to let as an investment.
Please also note that not all buy to let mortgages are regulated by the FCA.
For impartial mortgage advice and a low rate quote call us on 0800 048 8828.
