BUY TO LET

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RATES & QUOTES
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ADVICE
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GUIDES
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Buy to Let Mortgages

Buy to let mortgages are designed for those wanting to rent out their property or purchase a rental property. Once incredibly popular during the property boom, the financial crisis which triggered the housing market slide in 2008, has seen the popularity of buy to let mortgages plummet.

But whilst many buy to let investors have been stung by falling house prices and rising mortgage rates, the market has settled down a little, making buy to let a viable investment proposition once more, assuming investors can stump up a sizeable deposit.

Property prices are also now at more affordable levels, and even though buy to let interest rates are generally higher than residential mortgage rates, the signs are that rising rents and better buy to let mortgage deals are giving the sector a boost again. If you buy wisely and know your tenant market, there are still returns to be made for the canny property investor.

Compare buy to let mortgages

There’s no guarantee of a great return on buy to let property, now that the glory days of the early noughties property boom are over. However, taking time to understand the buy to let market and choosing the right buy to let mortgage could see property investors making healthy returns. And for some people, bricks and mortar will always feel like a safer place for their money than riding the rollercoaster stock market.

At Mortgage Buzz we like to make things straightforward, which is why we publish a range of buy to let guides to help budding property investors. We also offer our users free access to a team of FSA authorised mortgage advisors and our whole of market mortgage comparison service.

Buy to let mortgage guides and advice

A turbulent and uncertain property market has meant a difficult buy to let mortgage market for the past couple of years. That means it’s not as easy as it was in years gone by to secure a competitive buy to let mortgage deal – most lenders want a larger deposit – usually 25%, whilst interest rates and arrangement fees have risen above those offered in the residential mortgage market.

There’s also the level of rent buy-to-letters can get from tenants to consider. Many buy to let mortgages are conditional on borrower’s being able to achieve at least 125% of their mortgage payments in rental income, although some lenders are more relaxed about this rule.

For more information, see the Mortgage Buzz buy to let guides

Types of buy to let mortgages

Buy to let mortgages come in all the traditional flavours, including:-

  • Variable-rate buy to let mortgages
  • Tracker buy to let mortgages
  • Fixed rate buy to let mortgages

There’s also a range of loan-to-value options to consider, although as mentioned, many lenders don’t go beyond 75% - 85% mortgages in the buy to let market these days.

Buy to let mortgage quotes and advice

At Mortgage Buzz, we believe it’s vital to take time to understand all the options before committing to a buy to let mortgage. We’re happy to put you in touch with FSA qualified mortgage advisers who can compare buy to let mortgage deals on your behalf, and provide free, no obligation quotes.

It’s a whole of market approach, which means the latest interest rates and the widest choice of mortgage deals to suit your needs.

 

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