Buy to let mortgages have become more popular over recent years as people withdraw from the stock market but instead invest their money in property, with the aim of this providing financial security when they retire.
Most bank and building societies offer buy to let mortgages for landlords. It is normal for buy to let mortgage lenders to require higher deposits and interest rates. Most lenders require the individual to be over 25 and earn a minimum income of around £20,000 – £25,000. There are a number of other points to take into consideration when selecting your preferred lender.
Our advisers can help you every step of the way so if you’re thinking about applying for a buy to let mortgage contact DW Financial Services today.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.