Finding a buy to let mortgage through Deal Direct - 0800 048 8828.
For some a buy to let mortgage could provide the means to being able to rent out their old home while being able to move to a new home.
With around 25% as a deposit or equity in your home you could convert the mortgage on your current property to a buy to let, you could then move to a new home with a new mortgage.
By taking on a buy to let and keeping your current home you could take advantage of rising rents.
Average yields on rental properties are rising and in addition mortgage rates are falling, making now a good time to consider buy to let investment.
Lenders are trying to attract investment landlords by releasing more mortgages aimed at investors, this means there are more products on offer.
To invest in a second property you need to work out how much you can afford to borrow.
When splitting your borrowing between two properties it can be complicated to work out what you can afford. You are therefore advised to call Deal Direct for advice as to your mortgage options.
At Deal Direct our advisers offer impartial mortgage advice. We cannot advise you as to the suitability of property as an investment as we are not financial advisers, however we can review your circumstances to find you a competitive buy to let mortgage* to suit your needs.
Please note:
Buy to let mortgage applications from:
- applicants whose intention is to benefit from house price growth
- applicants whose intention is to benefit from rental income
- applicants who are letting to buy
will be treated as normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.