Don’t wait to seek 2016 buy to let mortgage advice – Act Now!
During 2016 it’s expected that the UK will start to see a significant change in the buy to let market. This sector has been delivered a triple blow by the government in the form of:
- restrictions to mortgage tax relief for higher rate tax payers
- an increase in stamp duty
- tighter mortgage regulation
The likely result of these changes is lenders increasing their interest cover ratio, to protect landlords from future rate rises. In addition, larger deposit requirements are likely too.
Would-be landlords therefore shouldn’t wait until the New Year to get mortgage advice, as changes are due to come into effect from March. Buyer wanting an investment property shouldn’t therefore wait too long, they should act and get a mortgage to buy a rental property before it becomes more difficult and costly to do so.
If you would like mortgage advice call us at Deal Direct. Our highly qualified advisers are experts at sourcing mortgage products for investors. We can search the market to find you a BTL mortgage before the costs of purchasing a property rise.
We are fully licensed and regulated to offer mortgage advice, however we are not regulated to offer financial advice. We can’t help you work out if property is a suitable investment. For that you will need to speak to an IFA.
Also be aware that not all buy to let mortgages are regulated by the FCA.
For advice and a quote call us on 0800 048 8828.
