Despite Brexit buy to let mortgage rates remain low.

A lot has happened in the buy to let sector over the last few months. 

First investors were hit with news that mortgage tax relief was to be phased out, then there was news of a stamp duty increase on second properties, which was quickly followed by the introduction of increased mortgage regulation.

Now with the surprise EU leave vote there is increased concern over rising rates, which could impact the profitability of rental investments.

The fallout from Brexit is yet to be felt. But at present mortgage rates aren’t increasing. Indeed, several lenders such as Santander, Nottingham BS, Nationwide and Aldermore have all cut their rates to attract investors.

In addition, now is also looking a good time to consider investing, as house prices are beginning to fall.

If you want a mortgage to invest in property, then call us at Deal Direct for advice. We have vast experience in the buy to let mortgage market, and have helped many landlords invest in property.

Our advisers have expertise sourcing the best buy to let mortgages market-wide. We are regulated by the FCA to offer mortgage advice to our clients, however we cannot advise as to the suitability of property as an investment. For investment advice you will need to contact an independent financial adviser.

Please note: 

Buy to let mortgage applications from:

• applicants whose intention is to benefit from house price growth
• applicants whose intention is to benefit from rental income
• applicants who are letting to buy

will be treated as normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.

Call us today on 0800 048 8828 for a buy to let deal.