Mortgage Home 18 May 2008 07:14:47
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BUY TO LET MORTGAGE

With investment returns on endowments, pensions and stocks & shares now being so low, many people are considering buying property to rent out "buy to let mortgages" to provide them with regular income and also a pension in a few years time when they eventually sell the house of flat. Becoming a landlord is now much easier than it was a few years ago

Buy to Let Mortgages
With interest rates increasing over the past few months many more people are considering renting a property and this will encourage more people to become landlords or landladies and it is now much easier to become one than a few years ago.

We have access to lenders who will advance up to 85% of purchase price on buy to let mortgages

The monthly rental income should cover the mortgage payment and give you a profit each month. At the end of the mortgage you own the property outright and can use the proceeds of sale for anything you wish such as holidays, new car or pension.

You do not need to stop with just one property either, we have lenders who will let you build up a portfolio of properties up to a value of at least  £2 million.

If you are concerned about the difficulties of finding tenants and collecting the rent each month etc., many estate agents now have professional letting departments who will do all this for you - for a small percentage of course - but worth the reduction in the hassle factor we feel!  See the buy to let mortgage deals below

 



Duration Summary rate%

Buy to Let
5yrs 5 year Fix 6.79% 85% max 6.79%
2yrs Buy-to-let 2 yr Tracker 5.94% 80% max 5.94%
5yrs 5.89% Fix 5 Years Buy to Let 5.89%
5yrs BUY-TO-LET 5 year fix 6.49% LOW FEE 6.49%
80% max

for further information regarding any of these products, click here