Introduction to Buy to Let
If you're thinking of buying to let, you've come to the right place. My Property Hub specialises in arranging buy to let mortgages and providing expert information and advice. Whether you are taking your first steps into the buy to let market, or are steadily building up a property portfolio, we can provide the help you need.
Buy to let is the popular name for a residential letting business that generates an income from rents. Investing in buy to let is a modern phenomenon that has soared in popularity over recent years.
Government statistics disclose that the number of household privately renting has increased from 2.1 million in 2001 to 3.4 million in 2010. To put the figures in context, England has around 18 million homes and the government reckons 1 in 12 is a buy to let property. Many lenders have pulled out or restricted lending to landlords, but finance is still readily available to fund buy-to-let investment from a wide range of banks, building societies and finance houses.
The buy to let market is split. Investors vary from accidental investors who have inherited a property or had to move and let their former home out to pay the bills to professional landlords who portfolios of up to 100 letting properties or more.
Many investors have decided to buy homes to rent because they were disenchanted with saving for retirement in poor-performing pensions. House price surveys show property values roughly double every decade and outperform stock markets and most other investments year on year.
Buy to let is not restricted to residential property. The term can cover buying and letting any property, like shops or units on an industrial estate. Funding commercial buy to let is handled by specialist lenders.
Other specialist buy to let includes renting shared housing, often called houses in multiple occupation or HMOs. These properties are often let to students or young professionals. Professional property investors also purchase buy to let property at auctions or look for below market value deals that involve bridging loans or development finance.Finding buy to let mortgages involves looking at the project a landlord wants to finance and finding the best lender to match those needs as no one-size-fits-all solution is available. My Property Hub has teamed up with XXXX to provide great deals on buy to let mortgages. To find out more click here or fill-in our online contact form and we’ll get back to you.