Mortgage rates have been falling lately and lenders have been taking advantage of the funding for lending scheme, this means that many landlords in the UK will benefit from buy to let deals. At the moment, there is strong demand for housing in England in Wales, which creates an opportunity for property investors and landlords to choose the right product – so that they can save on fees and maximise their rental yield.
So what are some of the top Buy to Let Mortgages that are available in the UK? Here are some of the best contenders:
The NatWest 2 Year BBR+2.39% Buy to Let Mortgage
The Virgin 2 Year 2.89% Fixed Buy to Let + Cashback Mortgage
RBS 2 Year 2.99% Fixed Buy to Let
Take your time to shop around
Remember, when you are getting a buy-to-let mortgage it is much like a residential mortgage. There will be legal and valuation fees associated with the mortgage, as well as stamp duty. You should also consider insurance when you are making your decision. You will need to have buildings insurance that is designed specifically for landlords, which can be more expensive than general residential cover.
Take your time selecting the right Buy to Let Mortgage, so that you can find something that will be advantageous and fit your needs – it is a long term commitment so it is worth carefully comparing your choices so that you can find something that suits you perfectly.
Protect your investment property with specialist buy to let insurance from Discount Landlord.