Acenden Experts Offer Advice For All Those Considering Buy-ToLet Mortgages
In a time of stock market volatility and low interest rates, buy-to-let has become a nice-looking form of
investment; however, experts from Acenden warn that it is even now important...
More
Acenden Experts Offer Advice For All Those Considering Buy-ToLet Mortgages
In a time of stock market volatility and low interest rates, buy-to-let has become a nice-looking form of
investment; however, experts from Acenden warn that it is even now important to understand what’s
involved, and do your research before taking out home financing for this purpose.
Before you begin to
visit components, Acenden recommends sitting down with a pen and paper, and writing down the
house prices and the housing costs which you will realistically be able to ask for.
Traditionally, lenders
offering buy-to-let mortgage loans expect the rent to pay at least 125% of the monthly home loan
repayments, although many have reduced this figure as a result of the economic difficulties of the last
few years.
In the past, most lenders would ve asked for a deposit of 15%, but this provides actually
increased to 25% today; this is significantly more than a common mortgage deposit, which is why
Acenden states that
Less