Find the buy to let mortgage you need this April with specialist help from Deal Direct.
Ahead of the stamp duty changes that came into force in April 2016, a record number of buy to let mortgages were approved.
According to market analysts, a large number of the approvals were 2 year fixed rate deals. As a landlord who obtained one of these mortgages, you now have the potential to remortgage. However, if you go directly to a high street bank, you could find that they are not so willing to consider your application as before.
This is because other changes in addition to stamp duty, specifically the PRA’s new rules on portfolio lending, have changed the lending landscape. Banks have therefore been reviewing their ranges and removing products or increasing rates on the ones that remain.
These challenges may be difficult landlords to overcome alone, but become much easier with advice from Deal Direct. We can quickly find you the best buy to let mortgage available from the specialist lenders who understand your needs.
Please note that we are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of a property as an investment, you will need to contact an independent financial adviser.
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 a 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.
Come to Deal Direct for expert buy to let mortgage advice.