A buy-to-let mortgage is a loan that’s specifically designed for landlords who rent out a property.
Deals available on mortgages for first time landlords have been in abundance in this last year meaning this could be the opportunity you have been waiting for.
Moneyfacts.co.uk reports that nearly 300 new mortgage options have emerged. In a time of economic uncertainty and stricter lending rules this is good news for first time landlords.
The government is phasing out mortgage interest tax relief and as such things are in a time of flux for buy-to-let arrangements. With this in mind make sure you seek appropriate advice before making any big decisions. But this could be the chance you have been waiting for!
For more advice about Buy-to-let mortgages and loans get in touch with Walker Beckett. We would love to help.
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