![]() ![]() Whether you are new to Buy to Let, interested in letting to buy, or you`re looking for a better deal, Caboodle can help you find the best Buy to Let mortgage. – A variety of life changing events and a shift in general lifestyles have increased the number of tenants looking for short term lets, providing Buy to Let investors with an excellent opportunity – The demand for Buy to Let is increasing because people have been unable to buy their own home due to strict criteria from high street lenders when considering residential mortgages – Buy to Let is a fairly straight forward way to invest in property, which has historically provided excellent returns – Buy to Let can be used as an alternative to a pension to help provide funds for retirement – Buy to Let can often provide a better return than the low rates currently available on most saving and deposit accounts ![]() Some lenders allow an element of personal income to be used to make up any shortfall so whether you are an experienced landlord or purchasing a Buy to Let property for the first time, it`s worth talking to one of our Buy to Let experts who will be able to explain all the considerations in more detail and assist you in finding the best deal to meet your needs. When considering a Buy to Let mortgage you will need to establish that the rental income received from the property will cover the interest payments on the mortgage with a little extra to spare (generally the rental income will need to be around 125% of the mortgage payment). Interest rates on a Buy to Let mortgage are generally slightly higher when compared to traditional mortgages but as always are subject to individual circumstances. A Buy to Let mortgage is a specialist type of mortgage not offered by every lender, designed to help people invest in property.Ī Buy to Let mortgage generally requires a larger deposit than a regular mortgage due to their investment nature and they are not available for property that you intend to live in. ![]()
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