Buy To Let

Buy to let mortgages are designed for Landlords wanting to invest in the property market. The owner of the property benefits rental income and any increase in the property value during ownership. The rental income often covers the mortgage payment in full leaving a profit margin year on year giving the Landlord further funds to invest in other properties and grow his property portfolio.

The Buy to let market has grown significantly in recent years, helping property prices to increase while still maintaining a broad spectrum of rented accommodation available for tenants.

The rental revenue is regarded as an income when considering the affordability of the purchaser to meet the mortgage payments. With house prices currently depressed and interest rates on mortgages at an all-time low, now is a great time to purchase investment properties. Interest rates for Buy to let mortgages may be slightly higher than residential mortgages, but are now more affordable than ever.

If you are considering investing in a Buy to let property it pays to do your research first i.e. ensuring that the rental prospect and revenue is good for the area. Properties that do not require too much maintenance and are attractive to tenants are more likely to encourage longer tenancies meaning continuous rental income.