Buy-to-let Mortgages – Professionals Dominate Buy-to-let
With the current economic instability blighting
Buy-to-let Mortgages
– A Professional Practice
The Mortgage Lender Company found that professional property investors had a steely grip on the buy-to-let industry and the financial rewards that they garnered was quite substantial. Their research discovered that most buy-to-let mortgages were taken out by property developers as professional landlords owning 10 or more properties made up 95% of the buy-to-let stock, which shows the direction in which buy-to-let mortgages are heading. Additionally, the Mortgage Lender Company’s research elicited the fact that nearly a third of buy-to-let mortgage holders only own one property, which accounts for a mere 1% of the buy-to-let mortgages housing stock.
Buy-to-let Mortgages
– Going From Strength To Strength
Despite the slowdown in the housing market, those opting for buy-to-let mortgages is still going steadily as many realise the investment potential that they represent and the fact that the sector is sustained by professional, long term investors. Mortgage expert Ray Boulger states, “Far from being propped up by legions of cautious first time landlords, the buy-to-let mortgages market is dominated by professional investors who take a long term view of their portfolio of property investments”. So, it is clear that those taking out buy-to-let mortgages are in it for the long haul. Research conducted suggests that nearly two-thirds of buy-to-let property owners plan to keep their properties for at least 10 years, with one-third expecting to keep hold of it for more than 20 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.
Commercial Mortgages