Want to review your mortgage options for a retirement buy to let?
If you are close to retirement then you may be considering how you to invest your pension pot.
Under new pension rules you are entitled to take your savings as a lump sum. If you are considering investing in property rather than an annuity then you are not alone.
New pension freedoms allow you to use your fund in the way you see fit. If this for you is in property, then you may need to review your mortgage options if your pot of cash will not stretch to an outright purchase.
At present buy to let approval is high and the number of products available is rising, making now a good time to review the market.
Currently 2 year fixed rates start from 2.25% for up to 60% LTV and 3 year rates from 2.89%. Fees on BTL deals can be high and so it is imperative that you consider what these are when comparing products.
A ‘like for like’ product comparison is vital, because just choosing a mortgage with a low headline rate can cost you dearly if you fail to account for additional costs and fees.
When searching for a mortgage seek independent ‘whole of market’ mortgage advice.
At Deal Direct our fully qualified advisers regulated by the FCA to give mortgage advice, we are here to find you the best mortgage for your deposit level.
While we can give you mortgage advice, we cannot offer you advice as to the suitability of property as an investment. For that advice you need to enlist the services of a financial adviser.
- All note that not all buy to let deals are regulated by the FCA.
For a competitive buy to let mortgage,
call us at Deal Direct on 0800 048 8828.
