According to figures from the Council for Mortgage Lenders (CML) released in March 2015, lending to landlords has increased by more than a third year on year*.
In March 2015, there were 18,200 Buy to Let loans agreed, which represents a 21% increase from March 2014. The total value of these loans increased to £2.7 billion in March 2015, an increase of 35% on the same month last year (2014). All of the figures quoted in this article were correct as of March 2015
In fact, the Buy to Let sector was the only one to see increased borrowing in the first quarter of 2015. In the first quarter of 2015, there were 52,300 buy-to-let loans agreed which represents an increase of 15% year on year.
What this means for Buy to Let investors
Adam from Your Mortgage Expert comments: “It remains difficult for First Time Buyers to take that first step on the property ladder and, as such, the rental market continues to boom. This means that savvy investors can really profit from the current low mortgage rates coupled with the demand for rental.”
How Your Mortgage Expert can help
Adam continues: “We have experience working with landlords who have simple portfolios to those that are more extensive and complex.
“We understand that arranging finances for a portfolio of properties can get complicated. We also know that some lenders put restrictions in place for Buy to Let borrowers. As such, we can help you overcome some of the problems you might encounter.
“We have access to the current mortgage deals, some of which are not available directly”
To find out how Your Mortgage Expert can help you maximise the profits from your investment, contact Adam on 01722 322683. We don’t charge for an initial consultation, so by speaking with us, you won’t be under any obligation. To find out more about our services and how we operate, visit our about us section.
The information contained within this article was correct at the time of publication. It is intended for information only and should not be used as a basis for purchasing any products. We cannot be held responsible for something that was correct at the time but subsequently changes or goes out of date. For further information, contact Your Mortgage Expert on 01722 322683.
Most forms of Buy to Let mortgage are not regulated by the Financial Conduct Authority.
Please be aware that from 6 April 2016 higher rates of Stamp Duty Land Tax will be applied to the purchase of additional residential and non-residential properties. For further information visit the Government website on the consultation. Please note, by clicking on the link you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor TenetLime are responsible for the accuracy of the information contained within the non-regulated site.
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
By clicking on this link you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor TenetLime are responsible for the accuracy of the information contained within the non-regulated site.
Source 1: http://www.cml.org.uk/cml/media/press/4160