Buy-to-let Mortgages – A Blossoming Industry
When the time comes to retire, many will look for alternative means to supplement their incomes alongside their pensions. As such, many opt to take out a buy-to-let mortgage so they can garnish their income with rent from the property. The number of buy-to-let mortgages rent through the roof in 2007 and despite the slowing housing market, 2008 is expected to be a big year for buy-to-let mortgages as many first time buyers are being priced out of the market and look for renting options.
Buy-to-let Mortgages
– The Benefits
When it comes to the property market, there will always be
certain inherent risks but many homeowners are opting for buy-to-let mortgages
in the increasingly volatile housing market as they expect them to garner the
greatest returns. Research carried out by the Council of Mortgage Lenders (CML)
stated that, “A strong rental market, in which landlords are reporting rising
rents and shorter void periods, helped ensure that buy-to-let mortgage arrears
remained lower than in the wider mortgage market”. The CML went on to say, “All
the signs are that the buy-to-let mortgage sector will continue to expand”.
This evidence shows why many homeowners across the
Buy-to-let Mortgages
– Supply & Demand
The golden rule to consider when entering the property rental market is always that of ‘supply and demand’. Those who opt for a buy-to-let mortgage need to do their research to ensure they are buying in the right sort of area for their venture to be profitable. The Council of Mortgage Lenders says “The UK has one of the lowest proportions of housing stock in the private rented sector of any industrial economy. The increasing number of students, the significant inflow of migrant workers and the growing demand for flexibility of tenure will all help the buy-to-let mortgage sector develop over the coming years”.
Speak To Swift
Property Finance About Buy-To-Let Mortgages
Swift Property Finance are delighted to be considered specialists in the property finance field and are pleased to go that extra mile on behalf of our customers. Offering everything from bridging loans to property investment finance and expert advice from experienced brokers, Swift Property Finance is at the forefront of the industry. Offering over 15 years experience in the property field and providing an impressive list of lending sources ranging from major banks to wealthy private investors. For more information, simply call 0845 680 0609.