Landlords Can Potentially Save Hundreds Of Pounds Per Month Thanks To The Greatest Range Of Buy To Let Mortgages For Years
Interest rates are generally low, however what is more important is that more high street lenders are willing to consider Buy To Let applicants that they wouldn’t have in the past, and at very attractive rates.
There are currently in excess of 2,000 Buy To Let Mortgage products on the market, an increase of 25% over the last year. With this choice comes potential monthly cost savings and deals that previously wouldn’t have worked for some landlords, therefore potentially unlocking them from unattractive deals.
Latest Independent Buy To Let Mortgage Advice
An independent Mortgage Adviser, such as Morgans Mortgages, with extensive knowledge and experience in the Buy To Let mortgage market, can quickly review the market with you, and identify a rate and deal that best suits your circumstances. The increased number of lenders and revised lending criteria mean that the previous one size fits all has shifted to a more nuance approach with lenders able to tailor offers to the situation. Examples of movement seen include:
- Increased rental coverage ratios
- Lower stress test rates
- No stipulation of personal earnings
Next Steps To Finding Your Best Buy To Let Mortgage Deal
Get out details of your current Buy To Let Mortgage, and call Morgans Mortgages for an initial conversation, free of charge.
We will review your current Buy To Let Mortgage deal, along with your personal circumstances and objectives to understand how to best advise you
We will make a recommendation and if accepted will deal with all of the paperwork for you, potentially cutting the monthly cost of your mortgage, allowing you to borrow more for the same cost as your previous deal or reducing the term of your mortgage at no extra cost.
Posted Thursday December 12, 2019