Cheap Buy-to-Let Mortgage Deals Increasing Threefold
Housing-Market / Buy to Let Apr 21, 2015 - 12:34 PM GMTBy: MoneyFacts
Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, comments: “Buy-to-let mortgages are experiencing a renaissance, becoming not only more widely available but cheaper, too.
“With more five-year fixed rate deals charging below 5% than ever before, it is little wonder that the newly emancipated pensioners are genuinely considering buy-to-let as a retirement option.
“But those looking at this route as an alternative to a pension need to look at all aspects of the mortgage.
“Many lenders restrict the age they will borrow up to, so older borrowers would be wise to seek the guidance of a financial adviser who can access a larger portion of market.”
“With easy savings to be made you are now likely to be recouping more in rent, which will allow you to get a bigger return on an investment.”
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