Introduction to Buy to Let Mortgages
Buy to Let has become the ‘flavour of the month’ over the last couple of years and according to statistics compliled by the Council of Mortgage Lenders(CML), outstanding mortgage balances have increased from £5.4 billion at the end of 1999 to £52.2 billion at the end of 2004. In the last year alone (2003 – 2004), outstanding balances have increased by a staggering 33.8%.
Certainly increasing property prices will partly have driven the increase in outstanding balances but the number of mortgages held has almost doubled between 2002 & 2004. In fact, by the end of 2004 there were 526,200 buy to let mortgages held in the buy to let mortgage arena. As not all lenders are members of the CML, this figure is potentially much higher.
Property has been seen as the must have investment – where better to put your money than in bricks and mortar? It can certainly provide a good investment return and reasonable capital growth but there are also pitfalls to be wary of.
If you are looking for advice relating to specific areas of buy to let mortgages then please click on one of the links at the bottom of this page to find out how we can help you.
We are not linked to any particular lender or panel of lenders and thus can offer truly independent buy to let mortgage advice on over 4000 different buy to let mortgage schemes currently available in the UK buy to let mortgage market. We have also got access to many exclusive mortgages that you will not be able to find on the High Street and would not be offered even if you approached the lender directly.
We charge a fee for the advice given but this enables us to be truly independent (many financial advisers work off a limited panel or recommend a mortgage because the lender pays them the largest procuration fee). The fee for the service is a one off broker fee of £395 and then any future advice or mortgage arranged is done free of charge. We pride ourselves on being extremely service orientated and the fee also includes taking you from recommendation all the way through to completion of the loan so that you do not have to lift a finger. If however, you do not proceed with the mortgage then the broker fee would be refunded in full.
| With interest rates available from 3.44%, what have you got to lose from speaking to us? Click here or the house icon to view some of the 'best buy schemes' currently available for buy to let mortgages. |
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