Calling all buy-to-let landlords and agents Be advised – we are here for you!
We are proud to say that we are now on the panels of two Lenders who service the professional Landlords particularly those with four or more properties, namely Precise Mortgages and Paragon Mortgages.
The Bank of England has expressed its concern about Buy-To –Let properties asking whether the drive for these properties places the economy at risk.
They have imposed stricter conditions and forced Lenders to impose tougher Lending criteria.
Landlords with four or more mortgaged buy-to-let properties were hit by new requirements which meant that their finances had to make sense on all of their properties every time they re-mortgaged just one or sought a new mortgage.
Despite the tightening of the screws on current and potential Landlords who wish to invest in property for the sole purpose of renting it out, the popularity has not waned. Many investors view the strong growth in the property market and the shortage of housing which drives the demand for rental properties, as a way of investing funds in order to feather their financial nest as they look to retirement.
We are pleased that in keeping with our goal to meet both individual and business needs, whether you are a first time buyer or an investor we look forward to assisting you.