Landlords: make the right buy to let mortgage choice with Deal Direct.
Making the right buy to let mortgage choice is essential if you want to your portfolio to be as profitable. However, making that choice is ever more involved as rules and regulations have changed around:
- stamp duty and tax relief
- size of portfolio and experience
- rental and income ratios
As a result of changes in the law implemented last year, you could be forgiven for thinking that the benefits of renting out property were reducing. This resulted in many landlords reviewing their business and remortgaging or changing their legal business status. Many landlords, however, decided that the terrain was too challenging and opted out completely.
Lenders responded by either entering the buy to let market with brand new products or by expanding their existing ranges with better rates and more flexible terms. The increased choice while good, on one hand, makes it more difficult for landlords to evaluate where the best opportunity of profits lie.
This is where consulting with buy to let mortgage experts, Deal Direct, can bring commercial advantages and set you on the path to making the most of your portfolio.
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.