Buying residential property to rent out privately has been hugely popular in recent years. Indeed, there are more than 850,000 buy to let mortgages in the UK (source ifaonline.co.uk). They are popular because
a) Property is a great longer-term investment
b) Interest rates are low so buy-to-let mortgages are affordable
c) There is plenty of demand for rental accommodation
d) Mortgage lenders are offering competitive, specifically-designed buy to let packages to make life easy for the landlord. Buying-to-let can make sound investment sense.
Buy to let mortgages are now available from plenty of lenders: banks, building societies and specialist lenders.
Buy to Let mortgages are not generally regulated by the Financial Services Authority.
Mortgage Saints Ltd is an appointed representative of Home of Choice Ltd which is authorised and regulated by the Financial Services Authority.
Your home may be repossessed if you do not keep up repayments on your mortgage
