Mortgage
providers' traditionally only offered loans for people buying
homes. An increasing number are offering loans for a property
you want to "buy to let", (ie not to
live in as your home, but to rent/let out to tenants).
Getting
income from the rent is seen as a good investment by some and
is becoming more commonplace.
It's
particularly popular for retirement planning because of the
growing concerns about the inadequacies of traditional pensions.
The old saying "There's nothing more solid than bricks
and mortar" is more relevant than ever.
If
you're interested in renting to students in a university town
or to commuters in suburbia, the Council of Mortgage Lenders
has two leaflets 'Buying to Let' and 'Thinking
of Buying a Residential Property to Let' You can order
them by phone on 020 7440 2255.
The
fears over the past couple of years that the market was overheated
seem to have been incorrect. However make sure that your buy
to let property is in an area which is likely to have a demand.
There
is a wealth of information on buying property to let. Just make
sure if you're paying for it that it's been written by someone
with direct experience in the field.
Read
enough? Just want a quote? To get
your best mortgage quote quickly and easily we can
put you in contact with a recommended mortgage adviser. It's free,
completely confidential and there's no obligation at all. Simply
fill out the form below
