2nd-Mortgage

The constantly evolving buy to let mortgage market has been contributing to the increase in demand for investment properties ever since buy-to-let investing became a mainstream form of investing.

Ever since buy-to-let mortgages were first introduced to the UK in the mid-1990s, demand for private rental properties has increased considerably.

According to the Council of Mortgage Lenders (CML), the number represents not only a 48% rise in volume but a 57% increase in value since 2005. The total number of buy to let mortgage in the UK is now said to stand at a total of £94.8 billion, with buy-to-let mortgage lending representing 9% of the value of all mortgage balances in the country.

What lenders offer buy to let mortgages?

Traditionally, they were only offered by niche, specialist lenders and available through intermediaries. But since property investment took off at the end of the last decade, many high street lenders started offering buy to let mortgages. But, many of the best deals in the albeit growing arena of buy to let mortgage, are still only accessed through specialist brokers like TMBL, that have a broad knowledge of the market as well as existing relationships with lenders.

Why would I be interested in buy to let mortgage?

The past 10 years has proved that buy to let mortgages, if used in the right way, can be a passport to a solid and fruitful investment for your future. During this time, the price of an average property has risen a very handsome 179 per cent – from £70,000 at the end to 1997 to £195,000 today, according to Halifax. But, the onset of the credit crunch has meant that it have come under some scrutiny – which is further reason to ensure you seek all the right help, advice and guidance from the start.