New and existing landlords now have the widest choice of mortgages on record with the figure fast approaching 1000. At present the number of buy-to-let mortgages on offer stands at 953 this figure has grown 11.2% in the last three months. These figures are very surprising especially as interest rates are increasing plus the new tax changes landlords have to deal with. The figures clearly show how the lenders foresee the business progressing over the next few years. With so many different mortgage options available it is vital to get professional advice on the correct one for you. A bad decision now could end up costing you a great deal of money over the fixed term of the mortgage. Representatives of several mortgage providers stated the interest in buy-to-let limited company mortgages is huge now and this is why more new products have become available. The feeling within the industry is that due to the new tax laws covering buy-to-lets more landlords will revert to limited companies. This means there could be a very busy period ahead with all these status changes. Demand for rental property increases The demand is still growing for quality rental property in most regions of the country. The facts are the majority of young couples seeking their first mortgage cannot find the deposits required due to rising property prices. Even with all the changes taking place landlords still see this as an increasing market and it looks set to continue that way. Need some help? We have a fully qualified team of experts awaiting your call and we look forward to being of assistance to you.
