Wednesday, September 30th, 2015
Although the UK mortgage market is bracing itself for what are likely to be rises in the base rate in the coming months a number of new entrants have emerged into the buy to let mortgage market further emphasising the growing nature of the buy to let investor market.
Buy to let mortgages have seen continued growth in recent years and many lenders have already or are considering adding this type of mortgage to their existing offering. This is great news for both the mortgage intermediary market and consumers as inevitably it will generate increased competition for buy to let mortgages and ensure landlords looking for buy to let mortgages continue to benefit from good deals and mortgage rates.
Many of the most competitive buy to let mortgage products are still only available through buy to let mortgage brokers like Birmingham’s Caboodle Finance, or intermediaries, primarily as they are a specialist type of mortgage for which many people need the correct advice and guidance for.
There are many scenarios where people will need to arrange a buy to let mortgage in Birmingham but the most common three are:
An increasing number of homeowners are choosing to rent out their old house when they move rather than sell it, which then generally becomes their first but to let property. This is often then the catalyst for further buy to let properties in the future.
Whilst there is continued demand for rental property and mortgage lenders continue to offer good deals on buy to let mortgages the market will continue to go from strength to strength.
For more information on buy to let mortgages, call Birmingham’s Caboodle Finance today on 0121 308 9114 or click HERE to contact us by email.
Caboodle Financial Services Ltd
240B Lichfield Road
Sutton Coldfield B74 2UD
Telephone: 0121 308 9114