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A buy-to-let mortgage, also referred to as an ‘Investment Mortgage’ is specifically for borrowers looking to purchase property to ‘rent out’.
In the UK, buying property to let privately has become increasingly popular, with 10% of all mortgages taken out in 2006 being buy-to-let mortgages.
Buy-to-let Mortgages are popular because :
- Property is a great longer-term investment, especially as stock markets are volatile.
- Interest rates are low, so buy to let mortgages offer an attractive alternative investment.
- With the overall UK population rising, a high divorce rate plus growing student numbers, there is plenty of demand for rental accommodation.
- Mortgage lenders are offering competitive, specifically-designed, accessible buy to let mortgages to make life easy for the landlord.
- There are now several mortgages specifically aimed at the buy-to-let market:
- Some mortgage lenders will assess Buy-to-Let (Investment) Mortgages on the potential rental
income of the property as well as normal income.
- Other mortgage lenders offer self-certification Buy-To-Let (Investment) Mortgages which do
not require proof of income!
If you would like more information about this or any other mortgage product offered by Cook Allen & Associates, please call 0845 257 9301, or complete our brief questionnaire and one of our qualified mortgage advisers will get in touch to discuss you mortgage requirements. |
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We Can Help |
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Re-Mortgage your existing home |
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Even if you have poor past credit or you are working as a self employed person |
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Provide you with a Mortgage for your Home |
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Provide you with a Mortgage for Commercial use |
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If you are facing financial difficulties |
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Buy your council property at a discount |
0845 257 9301 |
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