2016 buy to let mortgages - is it game-over for smaller scale investors?

With news of stamp duty increases and a tightening of buy to let criteria from April, lenders are experiencing a significant increase in buy to let mortgage applications. 

Those small scale investors who will be impacted by a 3% hike in stamp duty and increased regulation, are acting now to get a mortgage while they still can.

Those who fail to act sooner rather than later, may well find that the property investment door is well and truly closed. This means buying a rental property may no longer be an option.

Smaller scale landlords are being squeezed out of the market by the government in favour of larger scale investors. Those property professionals deriving their main income from rent, will still be able to get themselves a mortgage without stress tests and affordability checks.

If this is not your situation, and you can’t get together extra cash to cover the stamp duty hike, or won’t meet lenders’ stricter mortgage criteria to be introduced in April, it is recommended that you act without delay.

At Deal Direct we can offer you independent mortgage advice and a ‘whole of market’ review, to help you get onto the property investment ladder.

We can help you to apply for your mortgage before it’s too late. While we are experts in sourcing great mortgages, we are not financial advisers. We can’t help you work out if property would be a good investment.

If you want to find out if property is the right investment for you, we strongly advise you to speak to an independent financial adviser.

Note: Not all mortgages are regulated by the FCA.

For 2016 buy to let mortgage advice call 0800 048 8828.