With short term fixed rates in the buy to let sector being at an all time low – now could be a prime time for landlords to dip their toe back into the mortgage market.
There is the added option of placing the investment property into a Limited Company for tax purposes or converting properties into a House of Multiple Occupation to increase rental yields and with specialist lenders still choosing to offer a generous lending criteria the present time may be the time to add to your portfolio.
It has been reported on Rightmove* that there has been a reduction in buy to let investment purchases due to the impending income tax changes deterring professional higher rate tax landlords from making further purchases. The current market can be seen however as an advantage for beginner landlords with sellers being open to accept lower offers due to the shortage of purchasers.
Further reports from an industry magazine** has confirmed that buy to let costings are lower now than they were in 2014. However, despite the extensive period of reducing rates short term analysis has shown there could be an upwards movement on costings in the sector.
If you or anybody you know would like to discuss your existing portfolio or are in a position to take the first step at becoming a property investor and would like to talk with a Financial Adviser for independent mortgage advice, please call us on 0333 772 0672 or email us with your enquiry: firstname.lastname@example.org.