Despite a turbulent economic climate, the buy to let market has been going from strength to strength. With the average first time buyer now being 37 years old*, there has been an increase in demand for the rental sector, so now may be a great time to invest in property.
The latest Paragon survey shows the highest level of buy-to-let mortgages per quarter since the financial crisis began. With first time buyers finding it difficult to raise the deposits required to get on the property ladder, alongside improved mortgage products from lenders, landlords have increased confidence in the buy to let market and have seen significant growth.
Lenders have recognised this area as a growing market and there are a large number of competitive mortgage products to help investors take advantage of this opportunity and become a first time landlord.
As with any investment, purchasing properties to let does carry risks but by seeking financial advice you can discuss all aspects of the buy-to-let market so you can feel secure in your decision.
Why not speak to us here and we can take you through all your options and help find the right buy-to-let mortgage for you. We are able to provide a full advice service and guide you through the whole process. There are many things to take into consideration when taking out a mortgage such as general insurance and protection; thankfully we all offer a full service in insurance so why not contact us today?
Your property may be repossessed if you do not keep up repayments on your mortgage.
*Source: Money Supermarket