Seek expert buy to let mortgage advice from Deal Direct.
Landlords may well have experienced challenges in recent months, however, obtaining the right advice could make all the difference when seeking the right buy to let mortgage to successfully manage a your property portfolio.
Despite the changes to tax and the tightened lending criteria, rental properties are very much in demand. Market research points to many young people feeling that home-ownership is beyond them now, and will remain so throughout their lives. As the average deposit for a home exceeds £30,000 in the UK, and just over £100,000 in London, it appears that many find this mountain too high to climb.
Rental is therefore set to continue as the alternative, long-term solution.
To maintain profitability, it is vital that landlords seek expert advice to ensure they are not applying for the wrong deal. Obtaining the wrong mortgage could turn out to be costly, not only financially but also in terms of time and how long you are tied to a deal before you can switch.
Make certain you keep your property portfolio on track and seek the advice of one of our professional mortgage advisers at Deal Direct.
Please note that Deal Direct are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of property as an investment, you will need to contact an independent financial adviser.
Please also be aware that 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.