The UK buy to let mortgage rates war rages on.
With a buy to let rate war raging between lenders, might now be the time to invest in property?
Pensions reforms due to be introduced in a few short weeks will allow many retirees to free up cash to make an investment in buy to let. With this in mind lenders are slashing their rates and relaxing their terms as competition heats up in this sector.
Over the last 3 months the number of buy to let mortgages has increased in number, there are now 100 more deals available than at the end of last year. Those investment landlords with the largest deposit stand to fair best, however rates are highly competitive at all deposit levels.
With the price of property once more rising, and first time buyers struggling to save enough of a deposit there is great demand for rental property. Owner-occupier number are falling, with figures showing that numbers are at their lowest in 25 years.
With this in mind now might be a good time to invest in a buy to let while rates are low*.
(*Before taking the next step seek independent financial advice to find out if a buy to let is the right investment for you as while property values and rental yields can rise they can also fall.)
Rates in the buy to let market start at around 3%. If you would like a quote to see what kind of mortgage you could achieve for your available deposit call us at Deal Direct on 0800 048 8828.
We are an independent ‘whole of market’ broker with buy to let mortgage expertise. We can search the entire market on your behalf to come up with a competitive mortgage for your property investment.
Whether you are an experienced landlord or a first timer we are here to help you get a low rate deal.
Note:
- Not all buy to let mortgages are regulated by the FCA.
- Deal Direct are fully qualified mortgage brokers who are licensed to offer mortgage advice only.
- Deal Direct are not financial advisers, we cannot advise you on the suitability of buy to let as a sound financial investment.