Landlordzone have recently published a review of some of the best buy to let mortgage deals available. It is not This an exhaustive list but a selection of some of the best offers available. Mortgages are subject to availability, which means lenders can change rates and terms at short notice. Inclusion in this table does not represent advice nor an endorsement of the product. Always take independent professional advice before proceeding with a mortgage.
“First time landlords have lost another lender as Virgin Money pulled out of the market, Landlordzone reported. The move follows stricter lending guidelines for new buy to let borrowers in the wake of a European Directive on mortgage lending. Although the directive tackled problems in the residential market, an add-on ordered lenders to take more care over lending to first time landlords because of ‘gaming’.”
“This is a term applied to taking out a buy to let mortgage as affordability rules are laxer than those for residential mortgages – and then moving into the house as a main home. Many mainstream lenders have dropped out of the market due to the risk of gaming.”
Through our years of experience and our knowledge of the Sheffield property investment market we here at Belvoir! Sheffield have collated an extensive range of landlord services for property investors which includes extensive services for property investors as well as wealth management for property investors.
As buy to let mortgages are obviously an area of extensive interest we have also developed our service to help and advise property investors in Sheffield negotiates the buy to let mortgage market.
Belvoir! Sheffield is the one stop specialist for Sales and Residential Lettings and Property Management, Investment and Wealth Management Advice, Fit-outs and Renovations, Property Insurances and Mortgages. Belvoir! Sheffield was the winner of the Belvoir Franchise of the Year Award for 2013 and is a multi award winning agency.
For more information, please visit Belvoir! Sheffield or call 0114 331 0033. Alternatively, please email rick@belvoirsheffield.co.uk
For the most up to date information relevant to landlords, vendors, and buyers of owner occupied and Buy to let property inSheffield ensure you follow Belvoir! Sheffield on either Facebook, Twitter or visit our website for property lettings or property sales.
re: http://www.landlordzone.co.uk/news/buy-to-let-mortgage-best-buys-december-19-2014
