Buy-to-let property investment
With competitive mortgage interest rates available, more flexible access to pensions and dramatic growth in the private rental sector, now could be the right time to make a brand new property investment.
Competitive mortgage rates
With lenders competing in the marketplace, mortgage rates remain competitive.
Less expensive borrowing costs mean that lenders are able to offer lower rate mortgages. However, borrowing may not remain this attractive forever. Getting a mortgage on an investment property now means you could take advantage of low interest rates. And, if you fix your mortgage repayments you’ve got the added reassurance of knowing what your repayments will be, even if the base rate goes up.
We’ve created a handy step-by-step to prepare for your mortgage application.
Rents have been increasing
UK rents continue to rise in almost every area of the country*. With a buoyant private rental market, a brand new buy-to-let investment is an increasingly attractive prospect. At David Wilson, we’ll help make the whole process of buying and letting as simple as possible.
Property Investment FAQs
-
The minimum deposit required for a buy-to-let mortgage can vary depending on the lender, but typically ranges between 20-40% of the property's value.
-
Drawbacks of owning a second property can include the additional expenses and responsibilities of maintaining a second property, potential difficulty in finding tenants, the possibility of rental income not covering expenses, and potential capital gains tax liability when selling the property.
* https://homelet.co.uk/homelet-rental-index
