Best Mortgage Rate for Buy To Let
Best Mortgage Rate for Buy To Let|
Best Mortgage Rate for Buy To Let
Want to increase your profits as a landlord? Yes. Well read on and see how you can. Finding the best buy to let mortgages is one of the key factors in successful property investment. And whilst the Bank of England base rate is retained at just 4.5%, now is still a very good time to be considering property investment or simply refinancing any buy to let properties you already have to release equity for future purchases.
It would be easy to start saying just how easy it is to become a landlord and earn income from UK investment property and how you can simply sit back and watch the profit tumble in like a cascading waterfall. The reality is that there are a number of key issues that you will have to be involved in to ensure your investment property portfolio works to its optimum. With tenants to source and vet, an investment property to maintain, buy to let mortgages to arrange, letting agents to manage and accounts to monitor, it does take a certain level of commitment. Sourcing the best buy to let mortgage quotes can in itself be a very time consuming exercise and Landlords often opt to use a buy to let mortgage broker to do this work on their behalf.
There are many different buy to let mortgage products available so it is worth getting a few of the best buy to let mortgage quotes available as different lenders will offer different rates and products and these can depend on the type of investment property in question and the employment status of the applicants. So if you are still keen to have a slice of the much talked about property game then you will want to read on to find out how to get started?
PROPERTY MARKET 2006
Despite the negative press that the housing market experienced at the beginning of 2005, the recent reports for 2006 are showing a much brighter outlook for property investment. There is of course the question of what will actually happen in 2006 and the property market. It is never a precise prediction as there can be many influencing factors but what we do know for certain is that over the last few months we have seen interest rates stabilize and property pricing stablising as a result of this. It is unlikely that we will see double figure inflation prices on property in the next few years but many are suggesting at least a 5% increase year on year for the forseeable future.
So does that mean we should avoid investing in property until the market starts to increase dramatically again. In some respects many people might suggest that investing in property at any time is a good investment. When you consider that historically property in the UK has doubled in value, and sometimes tripled in value, every last 10-15 years, then it is likely to see you a good return on your investment if you are prepared to take a long term view. Plus, there still remains a high level of activity from Landlords and investors alike with a number of buy to let mortgage providers suggesting record levels of applications being received.
For those looking for a get rich quick overnight scheme, then this is not for you. But when you consider the long term gains, it might be worth reading on and don t forget that it is worth doing plenty of research and finding out as much as you can about investing in property. Perhaps pick up a Free Buy to Let Guide.